Affordable
Expensive
Expensive
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These days, finding an affordable place to live in the Salem City area can be challenging. Home prices in Salem City are now at a median cost of $265,570, lower than the Virginia average of $443,089.
The average cost of rent is $1,235/mo in Salem City, primarily driven by the current value of real estate in the Salem City area. In Salem City, 37.20% of households rent, and 41.48% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Salem City is $6,135 per month. Households that rent pay about 20.13% of their income on rent here. Salem City’s most expensive areas are in the northern regions, while the cheapest areas are in the eastern parts of the county.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Counties
- Roanoke County, VA: higher priced homes
- Roanoke City, VA: less expensive homes
- Montgomery County, VA: higher priced homes
- Radford City, VA: equally priced homes
- Bedford County, VA: higher priced homes
- Giles County, VA: less expensive homes
- Lynchburg City, VA: less expensive homes
- Campbell County, VA: less expensive homes
- Bland County, VA: less expensive homes
- Mercer County, WV: less expensive homes
Counties with Similar Populations
- Pike County, OH: less expensive homes
- Lincoln County, OK: less expensive homes
- Lincoln County, TN: less expensive homes
- Lincoln County, WI: less expensive homes
- Lincoln County, WV: less expensive homes
- Lumpkin County, GA: higher priced homes
- Marion County, IA: equally priced homes
- Petersburg City, VA: less expensive homes
- Pickens County, GA: higher priced homes
- Pike County, AL: less expensive homes
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