Salem, OR · Oregon
Polk County
ZIP 97351
88,553 residents104 permits TTM$81,318 median HHI6 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$419,500
ACS 5-Year
Cap rate proxy
3.6%
FMR × 0.65 ÷ Home Value
Rent-to-income
18.7%
HUD FMR ÷ ACS HHI
Net migration
+2.81%
IRS SOI
Permits (TTM)
104
Census BPS
Climate risk
72.8
FEMA NRI (0–100)
ZIP 97351
Median home value
—
Gross yield
—
Buy Box score
0.4
Section 8 gap
—
Affordability
P/I: 5.2R/I: 27.0%
Section 8 detail
SAFMR: —Rent: —Gap: —
ZIP code breakdown6 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Buy Box score ↓ | Section 8 gap |
|---|---|---|---|---|---|
| 97344 | — | — | — | 0.7 | — |
| 97351 | — | — | — | 0.4 | — |
| 97338 | — | — | — | 0.2 | — |
| 97304 | — | — | — | 0.2 | — |
| 97361 | — | — | — | 0.1 | — |
| 97371 | — | — | — | — | — |
Sort by any column. Click a ZIP for detail.
Demographics
Owner-occupied
64.6%
Census ACS
Vacancy rate
5.4%
Census ACS
Bachelor's degree +
30.6%
Census ACS
Rent burdened
48.5%
Census ACS (>30% income)
Median age
37.6
Census ACS
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 16, 2026