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 $153,664, lower than the New York average of $481,023.
The average cost of rent is $996/mo in Salem, primarily driven by the current value of real estate in the Salem area. While nearly 57.17% of residents own their homes outright in Salem, 23.01% rent.
Housing affordability isn’t just about home prices, though. The average household income in Salem is $5,430 per month. Households that rent pay about 18.34% of their income on rent here. Salem's most expensive areas are in the northwestern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- West Hebron, NY: higher priced homes
- Cossayuna, NY: higher priced homes
- East Greenwich, NY: equally priced homes
- East Hebron, NY: equally priced homes
- Shushan, NY: higher priced homes
- Argyle, NY: higher priced homes
- Rupert, VT: higher priced homes
- Sandgate, VT: higher priced homes
- North Greenwich, NY: higher priced homes
- South Argyle, NY: higher priced homes
Cities with Similar Populations
- Belgrade, ME: higher priced homes
- Brandon, WI: higher priced homes
- Wagram, NC: less expensive homes
- Campbell, TX: higher priced homes
- Colora, MD: higher priced homes
- Linden, PA: equally priced homes
- West Monroe, NY: equally priced homes
- Madison, NE: less expensive homes
- Mount Pleasant Mills, PA: higher priced homes
- Nashotah, WI: higher priced homes
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