Latest available · Census ACS 5-Year (2024)
What Is the Average Rent in ZCTA5 97304, Oregon?
ZIP code · Census ACS 5-Year estimates
The median gross rent in ZCTA5 97304, Oregon (ZIP 97304) is $1,485/month (±$121), based on Census ACS 5-Year estimates (2024). The median home value is $499,300 (±$18,927), and the median household income is $98,031/year. The unemployment rate in Polk County, Oregon was 4.4% as of April 2026 (preliminary). Source: U.S. Census Bureau, American Community Survey, 2024 5-Year Estimates.
Housing Metrics for ZIP 97304
| Metric | Value |
|---|---|
| Median Gross Rent | $1,485 |
| Median Home Value | $499,300 |
| Median Household Income | $98,031 |
| Total Housing Units | 13,781 |
| Renter-Occupied Units | 4,919 |
| Renter-Occupied Share | 36% |
| Households Paying 50%+ Income | 1,157 households |
| Unemployment Rate(April 2026) | 4.4% |
How does ZIP 97304 compare?
Median gross rent ranked against all ZIP codes in Oregon.
Higher rent than 71% of ZIP codes in Oregon · 98th of 330
| # | ZIP code | Value |
|---|---|---|
| 1 | ZCTA5 97089 | $2,605 |
| 2 | ZCTA5 97438 | $2,257 |
| 3 | ZCTA5 97034 | $2,241 |
| … 94 more … | ||
| 98 | ZCTA5 97304(you are here) | $1,485 |
| … 229 more … | ||
| 328 | ZCTA5 97738 | $441 |
| 329 | ZCTA5 97840 | $420 |
| 330 | ZCTA5 97911 | $275 |
Geography
ZIP 97304 is in Polk County, Oregon.
It covers part of Salem city, Oregon.
More data for ZCTA5 97304
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Frequently asked questions
What is the average rent in ZCTA5 97304, Oregon?
The median gross rent in ZCTA5 97304, Oregon (ZIP 97304) is $1,485/month, based on Census ACS 5-Year estimates (2024). Gross rent includes contract rent plus utilities. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the average rent for a 2-bedroom in ZCTA5 97304, Oregon?
The median rent for a 2-bedroom in ZCTA5 97304, Oregon is not available based on Census ACS 5-Year estimates (2024). Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the median home value in ZCTA5 97304, Oregon?
The median home value in ZCTA5 97304, Oregon (ZIP 97304) is $499,300 according to Census ACS 5-Year estimates (2024).
What percentage of renters in ZCTA5 97304 are rent-burdened?
In ZCTA5 97304, Oregon, 1,157 households pay 50% or more of their income for rent. A household is considered rent-burdened when it spends more than 30% of income on housing costs.
What is the median household income in ZCTA5 97304, Oregon?
The median household income in ZCTA5 97304, Oregon is $98,031/year according to Census ACS 5-Year estimates (2024).
How reliable is Census ACS data for small areas?
The ACS 5-Year estimates combine 60 months of data for more reliable figures in smaller geographies. Each estimate has a margin of error (MOE). For example, the median rent of $1,485 has a margin of error of ±$121. In very small areas, MOEs can be large relative to the estimate.
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