Oregon Department of Transportation · CC BY 2.0

ZIP 97346

ZIP 97346 is in the Salem, OR market. Market numbers below; the ZIP's rank is on the map.

Median cap rate

: 3.4%.

Median IRR

: 6.2%.

Median list price

: $535,000.

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 October 2026.

For sale in ZIP 97346

117 Roundtree Way, Gates, OR 97346 $339,000· 2 bd· 1 ba
123 N Santiam Hwy E, Gates, OR 97346 $350,000· 3 bd· 1 ba
40071 Gates School Rd, Gates, OR 97346 $599,900· 3 bd· 2 ba
241 Dogwood Dr, Gates, OR 97346 $595,000· 3 bd· 2 ba
123 Sorbin Ave E, Gates, OR 97346 $410,000· 3 bd· 2.5 ba
50575 Linnwood Dr, Gates, OR 97346 $650,000· 3 bd· 2 ba
824 W Central Ave, Gates, OR 97346 $900,000· 5 bd· 3 ba
604 W Central Ave, Gates, OR 97346 $589,900· 3 bd· 2.5 ba
51725 Gates Brg E, Gates, OR 97346 $1,275,000· 2 bd· 2 ba
33910 Railroad Ave SE, Gates, OR 97346 $795,000· 3 bd· 2 ba
128 Louisa St, Gates, OR 97346 $550,000· 3 bd· 2.5 ba
138 Santiam St, Gates, OR 97346 $875,000· 3 bd· 2 ba
140 Louisa St, Gates, OR 97346 $285,000· 4 bd· 2 ba