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Affordable
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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 $142,682, lower than the Nebraska average of $252,353.
The average cost of rent is $896/mo in Salem, primarily driven by the current value of real estate in the Salem area. In Salem, 18.34% of households rent, and 67.14% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Salem is $5,767 per month. Households that rent pay about 15.54% of their income on rent here. Salem’s most expensive areas are in the eastern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Verdon, NE: less expensive homes
- Falls City, NE: less expensive homes
- Dawson, NE: less expensive homes
- Morrill, KS: less expensive homes
- Preston, NE: equally priced homes
- Reserve, KS: higher priced homes
- Stella, NE: less expensive homes
- Shubert, NE: equally priced homes
- Hamlin, KS: higher priced homes
- Sabetha, KS: higher priced homes
Cities with Similar Populations
- Stonewall, NC: higher priced homes
- Hardwood, LA: higher priced homes
- Hatch, UT: higher priced homes
- Springdale, IA: higher priced homes
- Sprule, KY: less expensive homes
- St. Clere, KS: higher priced homes
- St. Philip, IN: higher priced homes
- Stark, MO: higher priced homes
- Stonewall, AR: less expensive homes
- Hanson, FL: higher priced homes
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