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 $177,313, lower than the Florida average of $278,762.
The average cost of rent is $832/mo in Salem, primarily driven by the current value of real estate in the Salem area. While nearly 37.10% of residents own their homes outright in Salem, 42.23% rent.
Housing affordability isn’t just about home prices, though. The average household income in Salem is $3,973 per month. Households that rent pay about 20.93% of their income on rent here. Salem's most expensive areas are in the northeastern regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Tennille, FL: higher priced homes
- Cooks Hammock, FL: less expensive homes
- Wannee, FL: less expensive homes
- Hatchbend, FL: less expensive homes
- Branford, FL: less expensive homes
- Bell, FL: less expensive homes
- Hildreth, FL: less expensive homes
- Fort White, FL: less expensive homes
- High Springs, FL: higher priced homes
- Panacea, FL: higher priced homes
Cities with Similar Populations
- Highland Lake, NY: higher priced homes
- Huffines, TX: less expensive homes
- Howard, TN: equally priced homes
- Hope, MN: higher priced homes
- Hooppole, IL: less expensive homes
- Hookersville, WV: less expensive homes
- Honest Hill, NY: less expensive homes
- Holloway, OH: less expensive homes
- Hodge, CA: higher priced homes
- Hobson, MT: equally priced homes
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