97304 ZIP Code Profile, Map, Data & Demographics

ZIP Code Type: STANDARD
County: Polk County
Centroid: Latitude 45.013, Longitude -123.101
Time Zone: Pacific Time Zone (UTC -8 hours)
Observes DST: Yes

ZIP Code 97304 has segments in 2 Counties (Polk, Yamhill).

Businesses Addresses: 613
PO Box Addresses: 434
Residential Addresses: 13,276

Multi-Family Addresses: 786
Single Family Addresses: 12,490

The ZIP Code maps and database are updated 4 times per year.
Database updated: July 1, 2023, Maps updated: May 3, 2023.

Salem, OR 97304 Data & Demographics (As of July 1, 2023)

POPULATION
Total Population	35,687 (100%)
Population in Households	35,379 (99.1%)
Population in Families	28,938 (81.1%)
Population in Group Quarters¹	308 ( 0.9%)
Population Density	639
Diversity Index²	55


INCOME
Median Household Income	$92,726
Average Household Income	$123,057
% of Income for Mortgage⁴	28%
Per Capita Income	$46,540
Wealth Index⁵	140
Socioeconomic Status Index⁶	Moderate (52.2)

HOUSING
Total HU (Housing Units)	14,064 (100%)
Owner Occupied HU	9,040 (64.3%)
Renter Occupied HU	4,452 (31.7%)
Vacant Housing Units	572 ( 4.1%)
Median Home Value	$425,100
Average Home Value	$459,748
Housing Affordability Index³	85

HOUSEHOLDS
Total Households	13,492
Average Household Size	2.62
Family Households	9,097
Average Family Size	3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Salem, OR 97304 - Peer Comparisons by Rank and Percentile

The table below compares 97304 to the other 423 ZIP Codes in Oregon by rank and percentile using July 1, 2023 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2020-2023	2023-2028
Population	1.49%	0.60%
Households	1.56%	0.72%
Families		0.64%
Median Household Income		2.90%
Per Capita Income		3.07%
Owner Occupied HU		0.61%

Variable Description	Rank	Percentile
Total Population	# 38	91st
Population Density	# 79	82nd
Median Household Income	# 58	87th
Housing Affordability Index	# 364	86th
Per Capita Income	# 72	83rd
Diversity Index	# 82	81st

97304 ZIP Code Profile, Map, Data & Demographics

ZIP Code 97304: Basic Data & USPS Preferred City Name

Salem, OR 97304 Data & Demographics (As of July 1, 2023)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Salem, OR 97304 - Peer Comparisons by Rank and Percentile

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