97351 — Independence, OR Home Values
Typical home value $432,379 as of June 2026 · 25th of 29 in Salem, OR
Blue: typical home value (Zillow ZHVI) in ZIP code 97351, June 2021 to June 2026. This page shows observed data only; no forecast.
How 97351 compares in the Salem, OR area
ZIP code 97351 (Independence, OR) has a typical home value of $432,379 as of June 2026, ranking 25th of 29 ZIP codes tracked in the Salem, OR area, more expensive than about 17% of ZIP codes in the metro. Prices here have moved +2.3% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +21.4%, from $356,249 in June 2021 to $432,379 in June 2026. Against observed rent, the typical home here sells for 19.9× the annual rent ($1,811/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 97351 has a population of 11,384, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 57.2% White, 37.1% Hispanic or Latino, 4.2% two or more races, 0.6% Black or African American, 0.6% Asian, and 0.2% another race.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| Independence Elementary School | 150 S 4th St, Independence, OR | 3.9 mi |
| Central High School | 1530 Monmouth St, Independence, OR | 4.7 mi |
| Talmadge Middle School | 51 16th Street, Independence, OR | 4.8 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 97351?
$432,379 as of June 2026, the latest month Zillow has published observed data for.
Is 97351 an expensive ZIP code in the Salem, OR area?
97351 ranks 25th of 29 ZIP codes in the Salem, OR area by typical home value, more expensive than about 17% of ZIP codes in the metro.
How much have home values in 97351 changed over the past year?
+2.3% over the trailing 12 months, from observed Zillow data.
Is it cheaper to buy or rent in ZIP code 97351?
The typical home price is 19.9× the observed annual rent in this ZIP code ($1,811/mo). Lower multiples favor buying over renting, all else equal.
What is the population of ZIP code 97351?
11,384, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 97351?
Independence Elementary School (3.9 mi), Central High School (4.7 mi), Talmadge Middle School (4.8 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 97351?
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.