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 $327,150, lower than the Connecticut average of $357,181.
The average cost of rent is $1,744/mo in Salem, primarily driven by the current value of real estate in the Salem area. While nearly 20.32% of residents own their homes outright in Salem, 15.32% rent.
Housing affordability isn’t just about home prices, though. The average household income in Salem is $9,869 per month. Households that rent pay about 17.67% of their income on rent here. Salem's most expensive areas are in the eastern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Oakdale, CT: less expensive homes
- Millington, CT: equally priced homes
- Bozrah, CT: less expensive homes
- North Lyme, CT: higher priced homes
- Colchester, CT: less expensive homes
- Montville, CT: less expensive homes
- Gilman, CT: less expensive homes
- Uncasville, CT: less expensive homes
- Oxoboxo River, CT: less expensive homes
- East Haddam, CT: equally priced homes
Cities with Similar Populations
- West End, NC: less expensive homes
- Tieton, WA: less expensive homes
- Mission Hills, KS: higher priced homes
- Anacoco, LA: less expensive homes
- Krugerville, TX: equally priced homes
- Knoxville, IL: less expensive homes
- Kekaha, HI: higher priced homes
- Hinsdale, NH: less expensive homes
- Fulton, KY: less expensive homes
- Forest City, PA: less expensive homes
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