ZIP Code · OR

ZIP 97317

Part of Salem, OR

Pop. 25,966·Marion County·51st most expensive ZIP in Oregon

Median rent (all units)

$1,809/mo

Year-over-Year

+5.2%

Month-over-Month

-0.8%

vs US Median

-$123

Reported rents

Falling (Monthly)

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Most AffordableMost Expensive

ZIP 97317 · $1,809

More expensive than 50% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,260

1 BR

$1,290

2 BR

$1,670

3 BR

$2,310

4 BR+

$2,500

Research median

$1,670/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: October 17, 2026

From the history

What the numbers show

Past year vs. the rest of Oregon

Rent in ZIP 97317 changed +5.2% over the year to September 2026. Across the 106 Oregon ZIP codes Zillow tracks, the typical change was +1.6%.

Recent direction

Rent rose in 7 of the last 12 months.

What a typical income covers

30% of the median household income ($84,393) is $2,110 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,670); a 3-bedroom is $2,310.

Rank in Salem

3rd cheapest of 5 ZIP codes in Salem.

Cheaper nearby

ZIP 97301, 6 miles away, rents for 17% less ($1,496/mo), about $3,800 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 97317. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$21,708/yr

At $1,809/mo median

Location

CitySalem

StateOR

CountyMarion County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (5.2% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+5.2% YoY, -0.8% MoM), not inventory.

Demographics

Who lives here

ZIP 97317 (Salem, OR) is majority owner-occupied, 23.2% of residents hold a bachelor's degree or higher.

Population

25,966

Median income

$84,393

Median age

40.2

Renters

29.2%

Age distribution

20.9%

22.6%

24.9%

12.4%

19.2%

Under 1820.9%

18–3422.6%

35–5424.9%

55–6412.4%

65+19.2%

Gender

51.5%

48.5%

Male51.5%

Female48.5%

Race & ethnicity

66.5%

26.6%

White66.5%

Black0.5%

Hispanic26.6%

Asian2.2%

Other4.1%

Education (25+)

12.6%

28.1%

36.1%

23.2%

No HS diploma12.6%

HS diploma28.1%

Some college36.1%

Bachelor's+23.2%

Housing tenure

70.8%

29.2%

Owner70.8%

Renter29.2%

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

2021 vs 2026

How ZIP 97317 in Salem, OR has changed in 5 years

Income

$74,568 → $84,393

up 13.2%

Population

25,635 → 25,966

up 1.3%

Renter share

27% → 29.2%

+2.2 pts

Bachelor's+

22.2% → 23.2%

+1.0 pts

Median age

40.9 → 40.2

-0.7 yrs

Census figures show median household income at $84,393 today, compared with $74,568 five years earlier. Headcount in the area went from 25,635 to 25,966 between 2021 and 2024, a 1.3% change. About 29.2% of households rent today, against 27% in 2021.

Community

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Local insights

Tips for renters in ZIP 97317

About renting in ZIP 97317

Last updated: October 17, 2026

ZIP code 97317 covers Salem, OR. The median rent here is $1,809/mo as of October 2026. A 1-bedroom rents for a median of $1,290/mo. A 2-bedroom rents for a median of $1,670/mo.

At 26% of local median household income ($84,393/yr), ZIP 97317 ranks as affordable compared to the national benchmark of 30%. Rents have increased 5.2% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 97317?

To keep rent at or below 30% of gross income, you would need to earn at least $72,000/year (about $35/hour full-time) to afford the median rent of $1,809/mo in ZIP 97317. The local median household income is $84,393/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 97317?

Rent in ZIP 97317 has risen 5.2% over the past year.

How does ZIP 97317 compare to other ZIPs in Oregon?

ZIP 97317 is in the middle among Oregon ZIP codes for rent, ranking #51 of 114 at $1,809/mo. Over the year to September 2026, rent in ZIP 97317 changed +5.2%, against a typical +1.6% across the 106 Oregon ZIP codes Zillow tracks.