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 $173,489, lower than the Iowa average of $182,666.
The average cost of rent is $793/mo in Salem, primarily driven by the current value of real estate in the Salem area. While nearly 31.66% of residents own their homes outright in Salem, 10.75% rent.
Housing affordability isn’t just about home prices, though. The average household income in Salem is $4,750 per month. Households that rent pay about 16.69% of their income on rent here. Salem's most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Oakland Mills, IA: less expensive homes
- Houghton, IA: equally priced homes
- Hillsboro, IA: less expensive homes
- St. Paul, IA: equally priced homes
- Westwood, IA: equally priced homes
- Mount Pleasant, IA: less expensive homes
- Mount Hamill, IA: equally priced homes
- Rome, IA: less expensive homes
- New London, IA: less expensive homes
- Glasgow, IA: less expensive homes
Cities with Similar Populations
- East Thetford, VT: higher priced homes
- Silver Lake, OR: equally priced homes
- Sidon, MS: less expensive homes
- Shoshoni, WY: equally priced homes
- Shoreham, MI: higher priced homes
- Fincastle, TX: equally priced homes
- Falls City, WI: higher priced homes
- Fairdealing, KY: less expensive homes
- Esom Hill, GA: less expensive homes
- Escatawpa, MS: less expensive homes
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