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 $170,130, lower than the Texas average of $235,268.
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 44.95% of residents own their homes outright in Salem, 3.22% rent.
Housing affordability isn’t just about home prices, though. The average household income in Salem is $7,423 per month. Households that rent pay about 13.42% of their income on rent here. Salem's most expensive areas are in the southeastern regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Wright City, TX: less expensive homes
- Price, TX: less expensive homes
- Turnertown, TX: less expensive homes
- Walnut Grove, TX: less expensive homes
- Sinclair City, TX: less expensive homes
- Troup, TX: less expensive homes
- Selman City, TX: less expensive homes
- Arp, TX: less expensive homes
- Griffin, TX: less expensive homes
- New London, TX: less expensive homes
Cities with Similar Populations
- The Landing, MO: less expensive homes
- Floral, KY: equally priced homes
- Futheyville, MS: less expensive homes
- Garbutt, NY: less expensive homes
- Georgeville, MN: higher priced homes
- Sykes, TN: equally priced homes
- Tabiona, UT: higher priced homes
- Talmoon, MN: higher priced homes
- Tanner, KY: less expensive homes
- Tannery, WV: less expensive homes
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