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 $143,174, lower than the South Dakota average of $199,518.
The average cost of rent is $803/mo in Salem, primarily driven by the current value of real estate in the Salem area. While nearly 57.07% of residents own their homes outright in Salem, 19.98% rent.
Housing affordability isn’t just about home prices, though. The average household income in Salem is $5,679 per month. Households that rent pay about 14.15% of their income on rent here. Salem's most expensive areas are in the central regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Unityville, SD: higher priced homes
- Spencer, SD: higher priced homes
- Montrose, SD: higher priced homes
- Canistota, SD: equally priced homes
- Stanley Corner, SD: higher priced homes
- Bridgewater, SD: less expensive homes
- Canova, SD: equally priced homes
- Rumpus Ridge, SD: higher priced homes
- Orland, SD: higher priced homes
- Emery, SD: less expensive homes
Cities with Similar Populations
- Alexander, NY: less expensive homes
- Woodland, PA: less expensive homes
- Winnebago, MN: less expensive homes
- Williamsfield, OH: higher priced homes
- Williamsburg, MA: higher priced homes
- West Milford, WV: equally priced homes
- Warrendale, PA: higher priced homes
- Wallingford, KY: less expensive homes
- Valle Vista, AZ: higher priced homes
- Trout Run, PA: higher priced homes
All Local Stats
Home Services
No other site shows detail at this level for free. We are able to keep this site free by receiving a small commission from the referring links below if you book, rent, or request a lead at no cost to you. Please share or cite this page if you aren't able to otherwise support our work.
Map interface © Mapbox © OpenStreetMap Map data and content © bestneighborhood