Interested in purchasing investment houses in the 97304 zip code in Salem, OR?
The zip code 97304 is in both Polk and Yamhill counties with a latitude of -123.108100000000 and longitude of 45.008990000000, is in the state of Oregon. The average asking price of houses and condos is $281,768.00 and the average sale price was $199,621.00. this regions is classified as the Portland metro area and consists of the following area codes: 503 and 971. The location in degrees is 45° 0' 32.364" N, 123° 6' 29.16" W. The county F.I.P.S. is 41053. This zip code contains two cities including Salem, OR (11.88%), and Eola, OR (0.10%) The total land area is 55.8 square miles and the water area is 1.1 square miles. The elevation in this area is 98 - 764 feet. The zip code is on pacific standard time and observes daylight savings time.
The zip 97304 is in county number 071 and is L. Sector 96, L. Segment 15, H. Sector 15, and H. Segment 15. The population was 32,210 in 2019 and 28,454 in 2010. Of this, the break down in 2019 was 29,053 urban and 3,156 rural. This further breaks down to 15,584 males (48.4%) and 16,626 females (51.6%). The median age of residents is 41.4 years. The population of the greater Salem, OR area is 395,272. The population density (people per square mile) is 578. This zip code has a combined total of 13,125 houses and condos. There are 4,068 rented appartments. 33% of residents rent versus the 33% of residents in the state who rent.
The financial status of those living in this area is considered middle class. The average individual gross adjusted income is $62,804 and the average salary is $51,914. The median household income of individuals is $61,610.00 and the average is $76,790.00. This zip code has a mean commute time to work of 25.6 minutes. The unemployment rate is 5.9%. Income earners by percent breakdown as 40.90% (Under $50,000), 35.60% ($50,000-$100,000), and 23.50% earn over $100,000. 7.8% of residents live below poverty line versus the 11.4% in the state that are below this line. The cost of living index is 95.6. The educational breakdown is 92.7% have a high school education or higher, 39.9% have a bachelor's degree or higher, and 17.8% have some kind of profesional degree.
This area has 11,070 households and the average size is 2.6 people. Individuals who are single and have never been married are 27.5%, 54.8% are now married, 0.6% are separated, 5.3% are widowed, and 11.9% are divorced. The average yearly contribution amount given by people to charity was $3,851 versus the state average of $3,648. The percent of residents who gave to charity was 42.0%.
The estimated median value of houses and condos is $320,777. The median monthly owner costs of mortgage holders was $1,806, where as the costs for those who don't have a mortgage are $554. The median number of rooms in houses and condos are 7.1 versus apartments which had a median number of 4.4.
The real estate tax percent rate is 1.1% which equated to an average real estate tax amount payment of $3,663. In comparision, the average real estate tax percent rate in the state is 0.9% which equated to an average real estate tax amount payment in the state of $3,203. The median housing property tax percent for residents with mortgages was 1.1% which amounted to an average tax amount of $3,853. Conversely, the median housing property tax percent for residents who don't have mortgages was 1.2% which amounted to an average tax amount of $3,406. Reported taxable interest for persons was $1,639, dividends $4,752, capital gains +$11,251, and itemized deductions $23,890. The average earned income tax credit is $2,167. The percent of individuals that use a tax preparer is 44.5%. The total average income taxes paid by individuals was $9,494. Businesses reported an average profit of $14,735.
Annette's Westgate Cafe
1311 Edgewater St NW, Salem, OR 97304
Red Lobster
521 Lancaster Dr NE, Salem, OR 97301 (3.6 miles away)
Outback Steakhouse
6260 Keizer Station Blvd NE, Keizer, OR 97303 (3.7 miles away)
Wind Jammers Seafood
3890 Commercial St SE, Salem, OR 97302 (4.1 miles away)
Lakeview Restaurant
6250 Club House Dr SE, Salem, OR 97306 (6.4 miles away)
Rock N Rogers
670 S Pacific Hwy, Rickreall, OR 97371 (7.7 miles away)