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 $79,171, lower than the Kentucky average of $164,895.
The average cost of rent is $595/mo in Salem, primarily driven by the current value of real estate in the Salem area. While nearly 46.84% of residents own their homes outright in Salem, 14.92% rent.
Housing affordability isn’t just about home prices, though. The average household income in Salem is $3,522 per month. Households that rent pay about 16.91% of their income on rent here. Salem's most expensive areas are in the southeastern regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Lola, KY: less expensive homes
- Burna, KY: equally priced homes
- Sheridan, KY: equally priced homes
- Hampton, KY: equally priced homes
- Tiline, KY: higher priced homes
- Mexico, KY: higher priced homes
- Dycusburg, KY: higher priced homes
- Marion, KY: higher priced homes
- Crayne, KY: higher priced homes
- Carrsville, KY: less expensive homes
Cities with Similar Populations
- Tison, GA: less expensive homes
- Cassadaga, NY: higher priced homes
- Cherokee, OK: higher priced homes
- China Grove, TX: higher priced homes
- Cleveland, MO: higher priced homes
- Cloverdale, OH: higher priced homes
- Taylor, MS: higher priced homes
- Thayer, KS: higher priced homes
- Three Springs, PA: higher priced homes
- Allons, TN: higher priced homes
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