Zip Code: 97304 (Salem, Oregon) - Trend of Zillow Home Value Index (ZHVI) for All Homes (SFR, Condo/Co-op), Smooth and Seasonally Adjusted (Zillow)

Updated on March 22, 2026.

According to data from Zillow.com, the smoothed and seasonally adjusted Zillow home value index (ZHVI) for All Homes (SFR, Condo/Co-op) in the 97304 Zip Code (Salem, Oregon) in February 2026 was $494,573.523. The month over month percentage change (MoM) was 0.02%, and the year over year percentage change (YoY) was 0.26%.

The chart below shows the trend of the smoothed and seasonally adjusted ZHVI for the 97304 zip code (Salem, Oregon). The table below shows the trend of the smoothed and seasonally adjusted ZHVI, and the MoM and YoY percentage changes for the 97304 zip code (Salem, Oregon).

You can see similar information for other Oregon zip codes, and for Oregon.

Note: Zillow Home Value Index (ZHVI) is a measure of the typical home value and market changes across a given region and housing type. It reflects the typical value for homes in the 35th to 65th percentile range.

Related Topics: Zip Code: 97304 - Zillow House Inventory Topic List

Data Source: Zillow.

Zip Code: 97304 (Salem, Oregon) - Trend of Zillow Home Value Index (ZHVI), Smooth and Seasonally Adjusted ($)

Zip Code: 97304 (Salem, Oregon) - Trend of Zillow Home Value Index (ZHVI), Smooth and Seasonally Adjusted

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Month	ZHVI ($)	MoM Perc. Change (%)	YoY Perc. Change (%)
Jan 2015	226327.97758008554	0.43	6.28
Feb 2015	227793.62815053176	0.65	6.58
Mar 2015	229301.86344511263	0.66	6.73
Apr 2015	231150.76875490634	0.81	6.93
May 2015	232716.52877402923	0.68	6.92
Jun 2015	234225.1494080245	0.65	7.12
Jul 2015	235858.4916593721	0.70	7.41
Aug 2015	237923.34348529912	0.88	7.75
Sep 2015	240341.98230673562	1.02	8.11
Oct 2015	242786.68114603226	1.02	8.57
Nov 2015	245001.3704260704	0.91	9.15
Dec 2015	247356.65313759787	0.96	9.76
Jan 2016	249856.5531419861	1.01	10.40
Feb 2016	252134.21755000774	0.91	10.69
Mar 2016	254074.116261991	0.77	10.80
Apr 2016	256157.82930653438	0.82	10.82
May 2016	258480.20457016723	0.91	11.07
Jun 2016	260960.7761315684	0.96	11.41
Jul 2016	263292.72837916994	0.89	11.63
Aug 2016	265758.4978416658	0.94	11.70
Sep 2016	268139.354764703	0.90	11.57
Oct 2016	270686.45625360473	0.95	11.49
Nov 2016	273161.5891877782	0.91	11.49
Dec 2016	275611.62136453326	0.90	11.42
Jan 2017	277713.89639167016	0.76	11.15
Feb 2017	279656.6256349015	0.70	10.92
Mar 2017	281648.998269945	0.71	10.85
Apr 2017	284026.8050259282	0.84	10.88
May 2017	286525.0448200209	0.88	10.85
Jun 2017	288978.4892725934	0.86	10.74
Jul 2017	290987.2601802606	0.70	10.52
Aug 2017	293059.2159215215	0.71	10.27
Sep 2017	294914.53493330354	0.63	9.99
Oct 2017	296890.22657924617	0.67	9.68
Nov 2017	298668.0629683198	0.60	9.34
Dec 2017	300735.05012809904	0.69	9.12
Jan 2018	302885.4324797482	0.72	9.06
Feb 2018	305541.4378253146	0.88	9.26
Mar 2018	308513.80823909637	0.97	9.54
Apr 2018	311365.47789507615	0.92	9.63
May 2018	313876.5571426644	0.81	9.55
Jun 2018	315868.5231511187	0.64	9.31
Jul 2018	318185.2484731978	0.73	9.35
Aug 2018	320316.66441521427	0.67	9.30
Sep 2018	322408.83490139496	0.65	9.32
Oct 2018	323892.7707193387	0.46	9.10
Nov 2018	324935.7177305715	0.32	8.80
Dec 2018	326045.81149642565	0.34	8.42
Jan 2019	327232.42729967885	0.36	8.04
Feb 2019	328842.7941600576	0.49	7.63
Mar 2019	330294.917309512	0.44	7.06
Apr 2019	331654.39014888793	0.41	6.52
May 2019	332518.423441871	0.26	5.94
Jun 2019	333495.5865789233	0.29	5.58
Jul 2019	334320.873085412	0.25	5.07
Aug 2019	335058.0096742805	0.22	4.60
Sep 2019	335283.36005196907	0.07	3.99
Oct 2019	335707.7977851473	0.13	3.65
Nov 2019	337100.6756909659	0.42	3.74
Dec 2019	339301.3430736871	0.65	4.07
Jan 2020	342047.40898395993	0.81	4.53
Feb 2020	344624.68734153843	0.75	4.80
Mar 2020	347269.61312855454	0.77	5.14
Apr 2020	349400.80272332137	0.61	5.35
May 2020	350473.8870151541	0.31	5.40
Jun 2020	350714.32464176277	0.07	5.16
Jul 2020	351370.7078503647	0.19	5.10
Aug 2020	353512.4246104195	0.61	5.51
Sep 2020	357441.2937942638	1.11	6.61
Oct 2020	362484.0447174795	1.41	7.98
Nov 2020	368422.2064071426	1.64	9.29
Dec 2020	375053.3840644415	1.80	10.54
Jan 2021	382395.9082443985	1.96	11.80
Feb 2021	390351.7716435911	2.08	13.27
Mar 2021	398366.5458633092	2.05	14.71
Apr 2021	406047.7293601674	1.93	16.21
May 2021	413204.3956695977	1.76	17.90
Jun 2021	419758.79337460635	1.59	19.69
Jul 2021	425319.0874824941	1.33	21.05
Aug 2021	429844.76461729594	1.06	21.59
Sep 2021	433085.93748770474	0.75	21.16
Oct 2021	436498.1316818877	0.79	20.42
Nov 2021	440346.41627782234	0.88	19.52
Dec 2021	444928.776757024	1.04	18.63
Jan 2022	450574.89804962213	1.27	17.83
Feb 2022	457341.89069641894	1.50	17.16
Mar 2022	465585.2772962357	1.80	16.87
Apr 2022	473859.07411078917	1.78	16.70
May 2022	481596.22325879993	1.63	16.55
Jun 2022	486957.0106927569	1.11	16.01
Jul 2022	488815.23971101857	0.38	14.93
Aug 2022	486957.2705034954	-0.38	13.29
Sep 2022	483398.8168700188	-0.73	11.62
Oct 2022	480453.47879249486	-0.61	10.07
Nov 2022	478411.8528864661	-0.42	8.64
Dec 2022	477081.4587727268	-0.28	7.23
Jan 2023	475715.1446726878	-0.29	5.58
Feb 2023	475073.17317877087	-0.13	3.88
Mar 2023	475216.20025867946	0.03	2.07
Apr 2023	476380.3608220511	0.25	0.53
May 2023	478170.1418668307	0.38	-0.71
Jun 2023	480532.77404834196	0.49	-1.32
Jul 2023	482642.0174928522	0.44	-1.26
Aug 2023	484441.37884174666	0.37	-0.52
Sep 2023	485072.53773862077	0.13	0.35
Oct 2023	484947.00177491526	-0.03	0.94
Nov 2023	484369.21704900026	-0.12	1.25
Dec 2023	484121.2249729314	-0.05	1.48
Jan 2024	484489.119536778	0.08	1.84
Feb 2024	485450.96242239885	0.20	2.18
Mar 2024	486980.5990541379	0.32	2.48
Apr 2024	488695.48499156395	0.35	2.59
May 2024	489957.57369389205	0.26	2.47
Jun 2024	490469.1427680499	0.10	2.07
Jul 2024	490786.67214879877	0.07	1.69
Aug 2024	490890.5818592089	0.02	1.33
Sep 2024	491195.70788413455	0.06	1.26
Oct 2024	491535.80724476045	0.07	1.36
Nov 2024	492221.0509142596	0.14	1.62
Dec 2024	493063.21204054734	0.17	1.85
Jan 2025	493444.90119625843	0.08	1.85
Feb 2025	493288.0397299085	-0.03	1.61
Mar 2025	492411.3979823757	-0.18	1.12
Apr 2025	491234.820289118	-0.24	0.52
May 2025	490002.3486874383	-0.25	0.01
Jun 2025	489210.56699401623	-0.16	-0.26
Jul 2025	488688.2890529924	-0.11	-0.43
Aug 2025	488880.54685356654	0.04	-0.41
Sep 2025	489593.51834402495	0.15	-0.33
Oct 2025	491254.050183224	0.34	-0.06
Nov 2025	492802.1403246908	0.32	0.12
Dec 2025	494043.79011254874	0.25	0.20
Jan 2026	494475.1273056744	0.09	0.21
Feb 2026	494573.52278672875	0.02	0.26