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 $332,615, higher than the New Hampshire average of $295,170.
The average cost of rent is $1,460/mo in Salem, primarily driven by the current value of real estate in the Salem area. While nearly 28.58% of residents own their homes outright in Salem, 25.08% rent.
Housing affordability isn’t just about home prices, though. The average household income in Salem is $7,858 per month. Households that rent pay about 18.58% of their income on rent here. Salem's most expensive areas are in the western regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- Methuen Town, MA: higher priced homes
- Windham, NH: higher priced homes
- Atkinson, NH: higher priced homes
- Lawrence, MA: equally priced homes
- Methuen, MA: higher priced homes
- Pelham, NH: higher priced homes
- Haverhill, MA: equally priced homes
- Hampstead, NH: higher priced homes
- Plaistow, NH: equally priced homes
- Derry, NH: less expensive homes
Cities with Similar Populations
- Pataskala, OH: less expensive homes
- Mount Airy, MD: higher priced homes
- Mustang, OK: less expensive homes
- Newberg, OR: higher priced homes
- Newington, CT: less expensive homes
- North Royalton, OH: less expensive homes
- Oak Park, MI: less expensive homes
- Oak Ridge, FL: less expensive homes
- Okemos, MI: less expensive homes
- Parsippany, NJ: higher priced homes
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