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 $221,093, lower than the Idaho average of $281,471.
The average cost of rent is $868/mo in Salem, primarily driven by the current value of real estate in the Salem area. While nearly 43.57% of residents own their homes outright in Salem, 18.10% rent.
Housing affordability isn’t just about home prices, though. The average household income in Salem is $4,705 per month. Households that rent pay about 18.44% of their income on rent here. Salem's most expensive areas are in the southwestern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Sugar City, ID: higher priced homes
- Wilford, ID: equally priced homes
- Hibbard, ID: higher priced homes
- Edmonds, ID: higher priced homes
- Teton, ID: equally priced homes
- Rexburg, ID: higher priced homes
- Parker, ID: higher priced homes
- Heman, ID: equally priced homes
- St. Anthony, ID: less expensive homes
- Plano, ID: higher priced homes
Cities with Similar Populations
- Waterloo, GA: less expensive homes
- DISH, TX: higher priced homes
- Dodson, AR: less expensive homes
- Doss, TX: higher priced homes
- Dovesville, SC: less expensive homes
- Drynob, MO: less expensive homes
- Duquette, MN: less expensive homes
- Dyesville, OH: less expensive homes
- East Newport, ME: less expensive homes
- East Troy, ME: less expensive homes
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