97305 — Salem, OR Home Values
Typical home value $425,263 as of June 2026 · 27th of 29 in Salem, OR
Blue: typical home value (Zillow ZHVI) in ZIP code 97305, June 2021 to June 2026. This page shows observed data only; no forecast.
How 97305 compares in the Salem, OR area
ZIP code 97305 (Salem, OR) has a typical home value of $425,263 as of June 2026, ranking 27th of 29 ZIP codes tracked in the Salem, OR area, more expensive than about 10% of ZIP codes in the metro. Prices here have moved +0.2% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +15.8%, from $367,383 in June 2021 to $425,263 in June 2026. Against observed rent, the typical home here sells for 20.7× the annual rent ($1,708/mo), a common way to gauge whether buying looks cheap relative to renting in this ZIP code.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Salem, OR forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Salem.
Population and demographics
ZIP code 97305 has a population of 45,044, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 45% Hispanic or Latino, 44.1% White, 3.3% two or more races, 3.2% Native Hawaiian or Pacific Islander, 2.7% Asian, 0.7% Black or African American, 0.7% American Indian or Alaska Native, and 0.2% another race.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| Valley Inquiry Charter School | 5774 Hazelgreen Rd NE, Salem, OR | 0.9 mi |
| Hammond Elementary School | 4900 Bayne St NE, Salem, OR | 1.9 mi |
| Stephens Middle School | 4962 Haysville Dr NE, Salem, OR | 2.3 mi |
Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.
Frequently asked questions
What is the typical home value in ZIP code 97305?
$425,263 as of June 2026, the latest month Zillow has published observed data for.
Is 97305 an expensive ZIP code in the Salem, OR area?
97305 ranks 27th of 29 ZIP codes in the Salem, OR area by typical home value, more expensive than about 10% of ZIP codes in the metro.
How much have home values in 97305 changed over the past year?
+0.2% over the trailing 12 months, from observed Zillow data.
Is it cheaper to buy or rent in ZIP code 97305?
The typical home price is 20.7× the observed annual rent in this ZIP code ($1,708/mo). Lower multiples favor buying over renting, all else equal.
What is the population of ZIP code 97305?
45,044, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 97305?
Valley Inquiry Charter School (0.9 mi), Hammond Elementary School (1.9 mi), Stephens Middle School (2.3 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.
Is this page showing a forecast for 97305?
No. Every number on this page is observed Zillow data as of June 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the Salem, OR forecast for a modeled outlook.
ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.