Home Price Key
Affordable
Average
Expensive
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 $177,359, lower than the Michigan average of $196,062.
The average cost of rent is $850/mo in New Salem, primarily driven by the current value of real estate in the New Salem area. While nearly 32.78% of residents own their homes outright in New Salem, 4.78% rent.
Housing affordability isn’t just about home prices, though. The average household income in New Salem is $6,174 per month. Households that rent pay about 13.77% of their income on rent here. New Salem's most expensive areas are in the southeastern regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Byron, MI: higher priced homes
- Cohoctah, MI: higher priced homes
- Bancroft, MI: less expensive homes
- Durand, MI: less expensive homes
- Gaines, MI: higher priced homes
- Deerfield Center, MI: higher priced homes
- Morrice, MI: less expensive homes
- Linden, MI: higher priced homes
- Vernon, MI: less expensive homes
- Fowlerville, MI: higher priced homes
Cities with Similar Populations
- Addyston, OH: less expensive homes
- Amherst, TX: less expensive homes
- Ancram, NY: higher priced homes
- Arpelar, OK: less expensive homes
- Atlantic, VA: equally priced homes
- Avera, GA: less expensive homes
- Bailey Lakes, OH: less expensive homes
- Bardwell, TX: less expensive homes
- Bay Head, NJ: higher priced homes
- Bellwood, FL: higher priced homes
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