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These days, finding an affordable place to live in the New Salem area can be challenging. Home prices in New Salem are now at a median cost of $360,865, lower than the Massachusetts average of $625,090.
The average cost of rent is $1,265/mo in New Salem, primarily driven by the current value of real estate in the New Salem area. In New Salem, 10.71% of households rent, and 40.24% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in New Salem is $7,119 per month. Households that rent pay about 17.76% of their income on rent here. New Salem’s most expensive areas are in the southwestern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
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Cities with Similar Populations
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