RentDataNowRentDataNow
ZIP Code · OR

ZIP 97306

Part of Salem, OR
Pop. 34,383·Marion County·43rd most expensive ZIP in Oregon
Median rent (all units)
$1,811/mo
Year-over-Year
+3.7%
Month-over-Month
+2.4%
vs US Median
-$154
Rising (Monthly)
Be the first to discuss 97306 rents ↓
Most AffordableMost Expensive
ZIP 97306 · $1,811
More affordable than 51% of US ZIP codes · National median $1,965/mo
Rent check

Is your rent fair?

Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio
$1,250
1 BR
$1,270
2 BR
$1,650
3 BR
$2,280
4 BR+
$2,470
Research median
$1,650/mo

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

Rent trends

12-month history

Loading…

Last updated: July 20, 2026

Annual cost
$21,732/yr
At $1,811/mo median
Location
CitySalem
StateOR
CountyMarion County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 3.7% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+3.7% YoY, +2.4% MoM), not inventory.
Demographics

Who lives here

ZIP 97306 (Salem, OR) is majority owner-occupied, has a median income above the national average, 43.8% of residents hold a bachelor's degree or higher.

Population
34,383
Median income
$101,753
Median age
38.5
Renters
30.7%
Age distribution
22.4%
23.3%
25.9%
12%
16.3%
Under 1822.4%
18–3423.3%
35–5425.9%
55–6412%
65+16.3%
Gender
49.3%
50.7%
Male49.3%
Female50.7%
Race & ethnicity
72.4%
13.8%
White72.4%
Black1.9%
Hispanic13.8%
Asian6.1%
Other5.9%
Education (25+)
18.9%
33%
43.8%
No HS diploma4.3%
HS diploma18.9%
Some college33%
Bachelor's+43.8%
Housing tenure
69.3%
30.7%
Owner69.3%
Renter30.7%

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

2021 vs 2026

How ZIP 97306 in Salem, OR has changed in 5 years

Income
$75,653 → $101,753
up 34.5%
Population
33,481 → 34,383
up 2.7%
Renter share
35.1% → 30.7%
-4.4 pts
Bachelor's+
41% → 43.8%
+2.8 pts

Local incomes tracked alongside that move, going from a median of $75,653 in 2021 to $101,753 more recently. The population has grown by 2.7% since 2021, moving from about 33,481 residents to roughly 34,383. Renters now make up 30.7% of households, compared with 35.1% five years ago. College-educated residents now make up 43.8% of adults here, versus 41% in 2021.

Community

Discussions about ZIP 97306

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 97306

About renting in ZIP 97306

Last updated: July 20, 2026

ZIP code 97306 covers Salem, OR. The median rent here is $1,811/mo as of July 2026. A 1-bedroom rents for a median of $1,270/mo. A 2-bedroom rents for a median of $1,650/mo.

At 21% of local median household income ($101,753/yr), ZIP 97306 ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.7% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 97306?

As of July 20, 2026, the median monthly rent in ZIP 97306 (Salem, OR) is $1,811. This is based on aggregated data from public sources and community submissions.

How does ZIP 97306 rent compare to the US average?

ZIP 97306's median rent of $1,811/mo is $154 (8%) below the US national median of $1,965/mo.

How does ZIP 97306 compare to other ZIPs in Oregon?

ZIP 97306 falls in the middle range for Oregon, ranking #43 out of 116 ZIPs at $1,811/mo.

How much income do you need to rent in ZIP 97306?

To keep rent at or below 30% of gross income, you would need to earn at least $72,000/year (~$35/hour full-time) to afford the median rent of $1,811/mo in ZIP 97306. The local median household income is $101,753/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 97306?

Rent in ZIP 97306 has increased 3.7% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 97306 an affordable place to rent?

ZIP 97306 is considered very affordable for renters. At $1,811/mo, rent takes approximately 21% of the local median household income ($101,753/yr). The standard benchmark is 30%. ZIP 97306 falls comfortably within that range.

What percentage of ZIP 97306 residents rent vs. own?

According to Census data, approximately 30.7% of ZIP 97306 households are renters, while 69.3% are owner-occupied. ZIP 97306 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 97306 compare to the rest of Salem?

ZIP 97306 is pricier than Salem as a whole. At $1,811/mo, it's $226 above the Salem citywide median of $1,585/mo.

When was rent data for ZIP 97306 last updated?

Rent data for ZIP 97306 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
21%
VERY AFFORDABLE

At $1,811/mo, rent takes ~21% of ZIP 97306's median household income ($101,753/yr). The standard benchmark is 30%.

ZIP 97306 21%Benchmark 30%
State income tax4.75–9.9%
Compare

How does this area stack up?

Pick another city or ZIP to compare.

Schools nearby

Public schools near ZIP 97306 (Salem, OR)

Recent submissions

Be the first to submit your rent for this ZIP.

Recent discussions

No discussions yet.