ZIP Code 97317

In ZIP code 97317, near Salem, homes carry a median value of $402,800 while households earn a median of $84,393, or $34,713 per person. At the county's 0.84% effective property tax rate, a home assessed at that median value would generate roughly $3,400 in annual taxes. That figure equals about four percent of median household income, a share that stays contained because earnings here run above the statewide norm. No sales tax applies in this ZIP, so purchases aren't adding to the cost of living. Together, these figures describe a housing market where ownership stays within reach for many working households.