HousingHandbookReference data

U.S. ZIP Code · OR97383

Marion County · Salem, OR

Typical home value

$464,154[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+0.7%
5-year / yr
+3.8%
10-year / yr
+7.2%

Relative price

vs U.S.
+63.4%
vs metro
-2.6%
vs state
≈ state median
ZIP 97383 location in OR
Location of ZIP 97383 in OR

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 97383 is worth $464,154 — 2.6% below the Salem, OR median. Over the past year, values have risen 0.7%. Homes here rent for a typical $1,543 a month — a 4.0% gross rental yield. The effective property tax rate is 0.7%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent
$1,543[2]
Gross yield
4.0%[2]
Cap rate
2.4%[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate
0.7%[3]
Typical annual tax
$3,426[3]

#Climate risk

FEMA National Risk Index ratings for Marion County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Relatively High[4]
Riverine flood
Relatively Moderate
Coastal flood
Not Applicable
Wildfire
Very Low
Drought
Very Low
Heat wave
Relatively Moderate
Hurricane
Not Applicable
Tornado
Very Low
Earthquake
Relatively High
Winter weather
Relatively Moderate

#Who lives here

Population
10,310[3]
Median household income
$78,853[3]

#Migration

Household moves in and out of Marion County over a year, from IRS tax-return data.

Net migration
-180[5]
Moved in
8,210
Moved out
8,390

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools
4
Elementary
1
Middle
1
High
1
  • Stayton High School

    High · Grades 9–12 · North Santiam SD 29J

    676 students

  • Stayton Middle School

    Middle · Grades 4–8 · North Santiam SD 29J

    457 students

  • Stayton Elementary School

    Elementary · Grades K–3 · North Santiam SD 29J

    327 students

  • North Santiam Options Academy

    Other · Grades K–12 · North Santiam SD 29J

    102 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Gross yield4.0%
Net yield (after ~40% expenses)2.4%
Annual rent$18,518

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Monthly payment$2,347
Loan principal$371,323
Down payment$92,831
Total interest paid$473,602

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Own : rent ratio1.96
Monthly cost to own$3,020
Monthly rent$1,543

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation
50th percentile[1]
Rental yield
17th percentile[2]
Property tax
71st percentile[3]

Frequently asked

How much is a home worth in ZIP code 97383?
The typical home in 97383 is worth $464,154, based on the Zillow Home Value Index.
Are home values rising in 97383?
Home values in 97383 are up 0.7% over the past year, and up 3.8% a year over five years.
What is the typical rent in 97383?
A typical home in 97383 rents for about $1,543 a month, a gross rental yield of 4.0%.
What is the property tax rate in 97383?
The effective property tax rate in 97383 is 0.7% — roughly $3,426 a year on a typical home.
Who lives in 97383?
ZIP code 97383 has a population of 10,310 and a median household income of $78,853.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

  • Salem, OR

    Typical home
    $465,023
    Gross yield
    3.8%
  • Donald, OR

    Typical home
    $468,360
    Gross yield
  • Detroit, OR

    Typical home
    $459,895
    Gross yield
  • Salem, OR

    Typical home
    $458,788
    Gross yield
    4.2%
  • Gates, OR

    Typical home
    $470,714
    Gross yield
  • Jefferson, OR

    Typical home
    $456,867
    Gross yield

Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →

Compare ZIPs

Pit ZIP 97383 against any other ZIP — full side-by-side table.

Compare 97383

#Jump to section