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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 $127,628, lower than the Oklahoma average of $210,566.
The average cost of rent is $814/mo in Salem, primarily driven by the current value of real estate in the Salem area. In Salem, 15.16% of households rent, and 72.53% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Salem is $4,272 per month. Households that rent pay about 19.05% 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.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Spelter City, OK: equally priced homes
- Henryetta, OK: less expensive homes
- Dewar, OK: less expensive homes
- Dustin, OK: less expensive homes
- Dighton, OK: equally priced homes
- Weleetka, OK: less expensive homes
- Pharoah, OK: higher priced homes
- Vernon, OK: less expensive homes
- Hoffman, OK: equally priced homes
- Raiford, OK: less expensive homes
Cities with Similar Populations
- State Line, ID: higher priced homes
- Durango, IA: higher priced homes
- Durham, AR: higher priced homes
- Earl Park, IN: equally priced homes
- East Boothbay, ME: higher priced homes
- East Fairfield, VT: higher priced homes
- East Porterville, CA: higher priced homes
- East Union, MN: higher priced homes
- Eastville, VA: higher priced homes
- Ebro, MN: higher priced homes
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