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ZIP Code · OR

ZIP 97302

Part of Salem, OR
Pop. 40,799·Marion County·109th most expensive ZIP in Oregon
Median rent (all units)
$1,459/mo
Year-over-Year
-6.8%
Month-over-Month
-2.7%
vs US Median
-$506
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 97302 · $1,459
More affordable than 76% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,140
1 BR
$1,150
2 BR
$1,500
3 BR
$2,080
4 BR+
$2,250
Research median
$1,500/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$17,508/yr
At $1,459/mo median
Location
CitySalem
StateOR
CountyMarion County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 6.8% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-6.8% YoY, -2.7% MoM), not inventory.
Demographics

Who lives here

ZIP 97302 (Salem, OR) is majority owner-occupied, has a large retiree population, 42.7% of residents hold a bachelor's degree or higher.

Population
40,799
Median income
$85,833
Median age
41.2
Renters
38.5%
Age distribution
21.4%
20.9%
25.2%
21.1%
Under 1821.4%
18–3420.9%
35–5425.2%
55–6411.5%
65+21.1%
Gender
46.8%
53.2%
Male46.8%
Female53.2%
Race & ethnicity
78.4%
13.1%
White78.4%
Black1.8%
Hispanic13.1%
Asian1.6%
Other5.1%
Education (25+)
22.2%
29.3%
42.7%
No HS diploma5.8%
HS diploma22.2%
Some college29.3%
Bachelor's+42.7%
Housing tenure
61.5%
38.5%
Owner61.5%
Renter38.5%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 97302 in Salem, OR has changed in 5 years

Income
$73,993 → $85,833
up 16.0%
Population
41,371 → 40,799
down 1.4%
Renter share
38.5% → 38.5%
+0.0 pts
Bachelor's+
41.3% → 42.7%
+1.4 pts
Median age
38.8 → 41.2
+2.4 yrs

Household income in the area moved from $73,993 to $85,833 across the same window, up 16.0% versus 2021. Census counts show ZIP 97302 in Salem, OR losing about 572 residents over the five-year window, down 1.4% on net.

Community

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Local insights

Tips for renters in ZIP 97302

About renting in ZIP 97302

Last updated: July 20, 2026

ZIP code 97302 covers Salem, OR. The median rent here is $1,459/mo as of July 2026. A 1-bedroom rents for a median of $1,150/mo. A 2-bedroom rents for a median of $1,500/mo.

At 20% of local median household income ($85,833/yr), ZIP 97302 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 6.8% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 97302?

As of July 20, 2026, the median monthly rent in ZIP 97302 (Salem, OR) is $1,459. This is based on aggregated data from public sources and community submissions.

How does ZIP 97302 rent compare to the US average?

ZIP 97302's median rent of $1,459/mo is $506 (26%) below the US national median of $1,965/mo.

How does ZIP 97302 compare to other ZIPs in Oregon?

ZIP 97302 is among the more affordable ZIP codes in Oregon, ranking #109 out of 116 ZIPs at $1,459/mo.

How much income do you need to rent in ZIP 97302?

To keep rent at or below 30% of gross income, you would need to earn at least $58,000/year (~$28/hour full-time) to afford the median rent of $1,459/mo in ZIP 97302. The local median household income is $85,833/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 97302?

Rent in ZIP 97302 has decreased 6.8% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 97302 an affordable place to rent?

ZIP 97302 is considered very affordable for renters. At $1,459/mo, rent takes approximately 20% of the local median household income ($85,833/yr). The standard benchmark is 30%. ZIP 97302 falls comfortably within that range.

What percentage of ZIP 97302 residents rent vs. own?

According to Census data, approximately 38.5% of ZIP 97302 households are renters, while 61.5% are owner-occupied. ZIP 97302 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 97302 compare to the rest of Salem?

ZIP 97302 is more affordable than Salem overall. At $1,459/mo, it's $126 below the Salem citywide median of $1,585/mo.

When was rent data for ZIP 97302 last updated?

Rent data for ZIP 97302 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
20%
VERY AFFORDABLE

At $1,459/mo, rent takes ~20% of ZIP 97302's median household income ($85,833/yr). The standard benchmark is 30%.

ZIP 97302 20%Benchmark 30%
State income tax4.75–9.9%
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Schools nearby

Public schools near ZIP 97302 (Salem, OR)

Recent submissions

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