ZIP 97342

ZIP 97342 is in the Salem, OR market. Market numbers below; the ZIP's rank is on the map.

Median cap rate

: 3.3%.

Median IRR

: 6.1%.

Median list price

: $538,999.

Appreciation

: 4.4%/yr .

Rent growth

: 4.0%/yr .

Sources: FHFA House Price Index® (developmental annual index), U.S. Census Bureau ACS 5-year estimates, and Rescover analysis of public listings under system-default underwriting, updated September 2026.