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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 $156,732, lower than the Mississippi average of $183,008.
The average cost of rent is $1,089/mo in Salem, primarily driven by the current value of real estate in the Salem area. In Salem, 16.93% of households rent, and 57.24% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Salem is $6,156 per month. Households that rent pay about 17.68% of their income on rent here. Salem’s most expensive areas are in the northern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Mesa, MS: less expensive homes
- Enon, MS: equally priced homes
- Sartinsville, MS: less expensive homes
- Tylertown, MS: less expensive homes
- Kokomo, MS: less expensive homes
- Knoxo, MS: less expensive homes
- Jayess, MS: less expensive homes
- Holmesville, MS: less expensive homes
- Barto, MS: higher priced homes
- White Bluff, MS: less expensive homes
Cities with Similar Populations
- Clarksburg, TN: equally priced homes
- Stony Creek, NY: higher priced homes
- Deer Lake, PA: higher priced homes
- Daws, NY: equally priced homes
- Davis, MS: higher priced homes
- Danbury, IA: less expensive homes
- Daisy, GA: equally priced homes
- Cunningham, KS: less expensive homes
- Coteau Holmes, LA: equally priced homes
- Cory, CO: higher priced homes
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