Salem, OR skyline
Oregon Department of Transportation · CC BY 2.0

ZIP 97347

ZIP 97347 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 97347