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Affordable
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These days, finding an affordable place to live in the Salem Corners area can be challenging. Home prices in Salem Corners are now at a median cost of $455,197, higher than the Minnesota average of $345,793.
The average cost of rent is $1,385/mo in Salem Corners, primarily driven by the current value of real estate in the Salem Corners area. In Salem Corners, 6.37% of households rent, and 46.59% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Salem Corners is $10,287 per month. Households that rent pay about 13.47% of their income on rent here. Salem Corners’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Byron, MN: less expensive homes
- Rock Dell, MN: equally priced homes
- Post Town, MN: equally priced homes
- Kasson, MN: less expensive homes
- Mantorville, MN: less expensive homes
- Rochester, MN: less expensive homes
- Douglas, MN: equally priced homes
- Golden Hill, MN: less expensive homes
- Hayfield, MN: less expensive homes
- Wasioja, MN: less expensive homes
Cities with Similar Populations
- Ingraham, IL: less expensive homes
- Snug Harbor, WA: higher priced homes
- Smyrna Mills, ME: less expensive homes
- Slyboro, NY: less expensive homes
- Shailerville, CT: less expensive homes
- Shady Dell, OR: higher priced homes
- Seven Mile Ford, VA: less expensive homes
- Seigler Springs, CA: less expensive homes
- Scioto Furnace, OH: less expensive homes
- Mahalasville, IN: less expensive homes
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