97304, Salem, OR Housing Market

ZIP code 97304's median home value is $501K, up 2.3% over the past year. Homes here sell in a median 46 days. Its PropertyIQ Score of 12 sits below the state average of 50, marking a market positioned to lag its state over the next three years.

PropertyIQ provides ZIP-code-level market intelligence for 97304, Salem, OR — going deeper than metro or county averages to reveal neighborhood-specific demand dynamics. By tracking Zillow home-value momentum alongside Realtor.com market-flow signals — median days on market and the share of listings with price cuts — specifically within ZIP code 97304, PropertyIQ predicts which micro-markets within OR are positioned to outperform.

Pacific Coast ZIP codes feature extreme price variation from coastal enclaves to inland communities, often within the same city. PropertyIQ scores at the ZIP level reveal neighborhood-specific opportunities that are completely masked when analyzing broader metro or county areas. Within the Pacific, ZIP code 97304's PropertyIQ Score of 12 runs below the Pacific norm.

For 97304, Salem, OR, PropertyIQ updates a hyperlocal score each month from four signals: twelve-month and three-month Zillow home-value momentum, Realtor.com median days on market, and the Realtor.com share of price-reduced listings. The score is computed across all ZIP codes nationally and calibrated so 50 equals the state average, so a value above 50 means this ZIP's demand dynamics read stronger than its state. ZIP-level analysis captures neighborhood variation that county and metro scores smooth over.

View 97304, Salem, OR's PropertyIQ Score and compare it against other ZIP codes in the state. Generate a free AI market report for this ZIP code or explore historical trends on the interactive map to understand how this micro-market has evolved.