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 $419,475, higher than the Michigan average of $196,062.
The average cost of rent is $1,455/mo in Salem, primarily driven by the current value of real estate in the Salem area. While nearly 32.33% of residents own their homes outright in Salem, 10.41% rent.
Housing affordability isn’t just about home prices, though. The average household income in Salem is $12,343 per month. Households that rent pay about 11.79% of their income on rent here. Salem's most expensive areas are in the southwestern regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- South Lyon, MI: less expensive homes
- Northville, MI: equally priced homes
- New Hudson, MI: less expensive homes
- Plymouth, MI: less expensive homes
- Novi, MI: less expensive homes
- Dixboro, MI: higher priced homes
- Wixom, MI: less expensive homes
- Whitmore Lake, MI: less expensive homes
- Canton, MI: less expensive homes
- Barton Hills, MI: higher priced homes
Cities with Similar Populations
- Columbus Junction, IA: less expensive homes
- Chevy Chase Village, MD: higher priced homes
- Blue Eye, MO: less expensive homes
- Richwood, WV: less expensive homes
- Sandy Hook, MS: less expensive homes
- Pearson, TX: less expensive homes
- Pavilion, NY: less expensive homes
- Otisco, IN: less expensive homes
- Orondo, WA: higher priced homes
- Onondaga, MI: less expensive homes
All Local Stats
Home Services
No other site shows detail at this level for free. We are able to keep this site free by receiving a small commission from the referring links below if you book, rent, or request a lead at no cost to you. Please share or cite this page if you aren't able to otherwise support our work.
Map interface © Mapbox © OpenStreetMap Map data and content © bestneighborhood