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These days, finding an affordable place to live in the Salisbury area can be challenging. Home prices in Salisbury are now at a median cost of $270,739, lower than the Maryland average of $450,578.
The average cost of rent is $1,341/mo in Salisbury, primarily driven by the current value of real estate in the Salisbury area. In Salisbury, 47.60% of households rent, and 36.70% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Salisbury is $6,474 per month. Households that rent pay about 20.71% of their income on rent here. Salisbury’s most expensive areas are in the southwestern 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
- Fruitland, MD: equally priced homes
- Delmar, MD: less expensive homes
- Eden, MD: equally priced homes
- Hebron, MD: equally priced homes
- Parsonsburg, MD: less expensive homes
- Siloam, MD: less expensive homes
- Allen, MD: higher priced homes
- Melson, MD: equally priced homes
- Walston, MD: less expensive homes
- Delmar, DE: less expensive homes
Cities with Similar Populations
- Puyallup, WA: higher priced homes
- Cheektowaga, NY: less expensive homes
- Clayton, NC: higher priced homes
- Leesburg, VA: higher priced homes
- Camden, NJ: less expensive homes
- Pine Hills, FL: equally priced homes
- Manassas, VA: higher priced homes
- Lakewood, WA: higher priced homes
- Lake Elsinore, CA: higher priced homes
- Ames, IA: higher priced homes
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