| ZIP Code | 97303 |
|---|---|
| City | Salem |
| State | Oregon (OR) |
| County | Marion County |
| Area Code | 503/971 |
| Elevation | 186 ft |
| Latitude | 45.030354 |
|---|---|
| Longitude | -123.023689 |
| Timezone | Los Angeles (DST) |
| FIPS | 41047 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 36.8 yrs |
|---|---|
| Avg Household Size | 2.65 |
| Below Poverty | 8.6% ▼ 14% below avg |
| College Grads | 39.6% ≈ Avg |
| Unemployment | 4.7% ≈ Avg |
| No HS Diploma | 784 (3%) |
| HS Graduate | 5,636 (21.7%) |
| Some College | 4,033 (15.5%) |
| Associates | 5,238 (20.2%) |
| Bachelors | 3,005 (11.6%) |
| Graduate Degree | 7,278 (28%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $81,057 ≈ Avg ↑ 26% since 2019 |
|---|---|
| Median Home Value | $396,700 ▲ 42% above avg ↑ 52% since 2019 |
| Home/Income Ratio | 4.9x (nat avg ~3.5x) |
| Median Rent | $1,361/mo ↑ 32% since 2019 |
| Total Units | 15,740 |
| Vacant Units | 505 |
| Avg HH Size | 2.65 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 15,740 |
|---|---|
| Vacant | 505 |
| Owner Occupied | 62.5% |
| Renter Occupied | 37.5% |
| Avg HH Size | 2.65 |
ZIP code 97303 is located in Salem, Oregon, within Marion County. With a population of 40,893, this is a highly populated ZIP code with a relatively young community — the median age is 36.8 years. Economically, 97303 is a middle-income ZIP code: the median household income of $81,057 is near the national average.
Real estate in ZIP code 97303 represents a mid-range housing market. The median home value of $396,700 is above the national average. Renters can expect to pay around $1,361 per month in median rent. Homeownership is strong here — 62.5% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 52% since 2019.
The population of 97303 is majority White (67.24%). Residents are moderately educated — 39.6% hold a bachelor's degree or higher, which is near the national average. Poverty affects a relatively small share of residents at 8.6%. Household income has grown by 26% since 2019.
The unemployment rate in 97303 stands at 4.7%, which is near the national average. About 14% of workers are remote. As in most parts of the country, driving alone is the dominant commute mode at 75%.
Overall, ZIP code 97303 in Salem, OR is characterized as middle-income, moderately educated, a relatively young community, and predominantly owner-occupied. With 40,893 residents, a median household income of $81,057, and a median home value of $396,700, it offers a clear picture of life in this part of Oregon.