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 $178,761, lower than the Maryland average of $357,815.
The average cost of rent is $1,130/mo in Salem, primarily driven by the current value of real estate in the Salem area. While nearly 60.23% of residents own their homes outright in Salem, 6.38% rent.
Housing affordability isn’t just about home prices, though. The average household income in Salem is $5,137 per month. Households that rent pay about 21.99% of their income on rent here. Salem's most expensive areas are in the northeastern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Vienna, MD: equally priced homes
- Linkwood, MD: equally priced homes
- Rabbit Town, MD: less expensive homes
- Reids Grove, MD: less expensive homes
- Thompsontown, MD: equally priced homes
- East New Market, MD: higher priced homes
- Gluckheim, MD: higher priced homes
- Bucktown, MD: equally priced homes
- Secretary, MD: less expensive homes
- Petersburg, MD: less expensive homes
Cities with Similar Populations
- Wilton, MO: higher priced homes
- Kendaia, NY: less expensive homes
- Kendrick, OK: less expensive homes
- Khedive, PA: less expensive homes
- Kief, ND: less expensive homes
- Kimeo, KS: less expensive homes
- Kinterbish, AL: less expensive homes
- Yeso, NM: less expensive homes
- Kirley, SD: less expensive homes
- Womack, LA: equally priced homes
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