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 $129,493, lower than the Ohio average of $181,280.
The average cost of rent is $767/mo in Salem, primarily driven by the current value of real estate in the Salem area. While nearly 43.42% of residents own their homes outright in Salem, 32.78% rent.
Housing affordability isn’t just about home prices, though. The average household income in Salem is $4,611 per month. Households that rent pay about 16.63% of their income on rent here. Salem's most expensive areas are in the northeastern regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Salem Heights, OH: higher priced homes
- Winona, OH: higher priced homes
- Washingtonville, OH: less expensive homes
- Damascus, OH: higher priced homes
- Patmos, OH: higher priced homes
- Locust Grove, OH: higher priced homes
- Leetonia, OH: higher priced homes
- Beloit, OH: equally priced homes
- North Georgetown, OH: higher priced homes
- Marquis, OH: higher priced homes
Cities with Similar Populations
- Oroville, CA: higher priced homes
- Petal, MS: higher priced homes
- Perry, GA: higher priced homes
- Penfield, NY: higher priced homes
- Pelham, AL: higher priced homes
- Payson, UT: higher priced homes
- Panama City Beach, FL: higher priced homes
- Palmetto Bay, FL: higher priced homes
- Ottawa, IL: higher priced homes
- Pleasantville, NJ: higher priced homes
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