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 $84,623, lower than the Arkansas average of $160,541.
The average cost of rent is $583/mo in Salem, primarily driven by the current value of real estate in the Salem area. While nearly 41.45% of residents own their homes outright in Salem, 33.05% rent.
Housing affordability isn’t just about home prices, though. The average household income in Salem is $2,538 per month. Households that rent pay about 22.98% of their income on rent here. Salem's most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Moko, AR: equally priced homes
- Wheeling, AR: equally priced homes
- Glencoe, AR: higher priced homes
- Sturkie, AR: equally priced homes
- Morriston, AR: equally priced homes
- Heart, AR: higher priced homes
- Camp, AR: less expensive homes
- Wiseman, AR: equally priced homes
- Viola, AR: higher priced homes
- Day, AR: higher priced homes
Cities with Similar Populations
- Avoca, PA: higher priced homes
- Crosby, MN: higher priced homes
- Penns Neck, NJ: higher priced homes
- Centreville, MI: higher priced homes
- Sanbornville, NH: higher priced homes
- Bow, WA: higher priced homes
- Baltic, CT: higher priced homes
- Trappe, MD: higher priced homes
- Malta, OH: higher priced homes
- Mansfield, MO: higher priced homes
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