Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Salem area can be challenging. Home prices in Salem are now at a median cost of $236,467, higher than the Alabama average of $185,232.
The average cost of rent is $874/mo in Salem, primarily driven by the current value of real estate in the Salem area. While nearly 50.63% of residents own their homes outright in Salem, 6.64% rent.
Housing affordability isn’t just about home prices, though. The average household income in Salem is $6,419 per month. Households that rent pay about 13.61% of their income on rent here. Salem's most expensive areas are in the southern regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Powledge, AL: equally priced homes
- Smiths, AL: less expensive homes
- Smiths Station, AL: less expensive homes
- Roanoke Junction, AL: less expensive homes
- Phenix City, AL: less expensive homes
- Piney Grove, GA: higher priced homes
- Opelika, AL: less expensive homes
- Fortson, GA: higher priced homes
- Highland Pines, GA: higher priced homes
- Mountain Hill, GA: higher priced homes
Cities with Similar Populations
- Woodfield, SC: less expensive homes
- Lake Park, GA: less expensive homes
- Lakes, AK: higher priced homes
- Lamar, CO: less expensive homes
- Lambertville, NJ: higher priced homes
- Landrum, SC: equally priced homes
- Lanoka Harbor, NJ: higher priced homes
- Lansdowne, MD: less expensive homes
- Laughlin, NV: less expensive homes
- Laurel, FL: higher priced homes
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