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 $407,427, higher than the South Carolina average of $233,397.
The average cost of rent is $810/mo in Salem, primarily driven by the current value of real estate in the Salem area. While nearly 46.56% of residents own their homes outright in Salem, 6.54% rent.
Housing affordability isn’t just about home prices, though. The average household income in Salem is $8,335 per month. Households that rent pay about 9.72% of their income on rent here. Salem's most expensive areas are in the southeastern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Tamassee, SC: less expensive homes
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- Mountain Rest, SC: less expensive homes
- Central, SC: less expensive homes
Cities with Similar Populations
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- Purchase, NY: higher priced homes
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- Pryor Creek, OK: less expensive homes
- Providence Forge, VA: less expensive homes
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