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 $112,731, lower than the Missouri average of $194,908.
The average cost of rent is $673/mo in Salem, primarily driven by the current value of real estate in the Salem area. While nearly 52.69% of residents own their homes outright in Salem, 30.88% rent.
Housing affordability isn’t just about home prices, though. The average household income in Salem is $3,880 per month. Households that rent pay about 17.36% of their income on rent here. Salem's most expensive areas are in the central regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Howes Mill, MO: higher priced homes
- Lake Spring, MO: less expensive homes
- Doss, MO: higher priced homes
- Hobson, MO: higher priced homes
- Rhyse, MO: equally priced homes
- Sligo, MO: equally priced homes
- Gladden, MO: higher priced homes
- Lecoma, MO: higher priced homes
- Lenox, MO: equally priced homes
- Maples, MO: less expensive homes
Cities with Similar Populations
- Wolfforth, TX: higher priced homes
- Lake Dallas, TX: higher priced homes
- Lake Hallie, WI: higher priced homes
- Lake Mills, WI: higher priced homes
- Lake of the Woods, VA: higher priced homes
- Woodstock, VA: higher priced homes
- Salem, NJ: higher priced homes
- Woodbury, TN: higher priced homes
- Woodbury, NY: higher priced homes
- Woodbury, CT: higher priced homes
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