Home Affordability in 97301
Salem, OR — Marion County
The median home price in ZIP code 97301 (Salem) is $365,000 with a median household income of $50,000. The price-to-income ratio is 7.3x.
Median Home Price
$365,000
Median Income
$50,000
Price-to-Income
7.3x
Est. Affordable Home
$194,000
Property Tax Rate
0.98%
Annual Property Tax
$3,577
Cost of Living
108
Metro Area
Salem MSA
Down Payment Scenarios for ZIP 97301
| Down Payment | Amount | Loan Amount | PMI |
|---|---|---|---|
| 3% | $10,950 | $354,050 | Yes |
| 5% | $18,250 | $346,750 | Yes |
| 10% | $36,500 | $328,500 | Yes |
| 20% | $73,000 | $292,000 | No |
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