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 $146,600, lower than the North Carolina average of $226,477.
The average cost of rent is $906/mo in Salem, primarily driven by the current value of real estate in the Salem area. While nearly 39.02% of residents own their homes outright in Salem, 12.02% rent.
Housing affordability isn’t just about home prices, though. The average household income in Salem is $3,549 per month. Households that rent pay about 25.53% of their income on rent here. Salem's most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Hilliardston, NC: less expensive homes
- Whitakers, NC: less expensive homes
- Drake, NC: equally priced homes
- Taylors Store, NC: less expensive homes
- Red Oak, NC: higher priced homes
- Glenview, NC: less expensive homes
- Ita, NC: less expensive homes
- Gold Rock, NC: less expensive homes
- Ringwood, NC: less expensive homes
- Battleboro, NC: less expensive homes
Cities with Similar Populations
- Dalesburg, KY: less expensive homes
- Syracuse, MO: equally priced homes
- East Millsboro, PA: less expensive homes
- East Meredith, NY: higher priced homes
- Eagleville, MO: less expensive homes
- Dryburg, MI: less expensive homes
- Dobbins Heights, NC: less expensive homes
- Dobbins, CA: higher priced homes
- Dixie, WA: higher priced homes
- Devers, TX: equally priced homes
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