Skip to Main Content
Salem
  • Suburb of Boston, MA

Salem Real Estate Market

About Salem Real Estate

Housing
grade C minus
Based on home values, property taxes, housing costs, local schools, and more.
Area Feel
Urban Suburban Mix
Rent vs. Own
  • Rent
    48%
  • Own
    52%
Sponsored Mortgage Options for Salem
Get Rates
  • Find a loan that's right for you. Compare today's top mortgage and refinancing providers.
  • Fast financing, unprecedented service, and no hidden fees.
Niche may be compensated by the third party lenders and others who place ads on the website. Niche is not a lender and does not endorse the products of these advertisers. Fees that Niche receives for ads do not affect the terms you may be offered by the lender you choose. There are many additional borrowing options available.

Homes for Sale

Get Pre-Qualified for a Loan

Real Estate Costs

Median Home Value
$367,200
National
$217,500
Home Values
  • <$50k
    1%
  • $50-$99k
    0%
  • $100-$199k
    3%
  • $200-$399k
    57%
  • $400-$749k
    36%
  • $750k+
    3%
Median Rent
$1,289
National
$1,062
Monthly Rent
  • <$500
    14%
  • $500-$999
    16%
  • $1,000-$1,499
    34%
  • $1,500-$1,999
    26%
  • $2,000+
    10%
5%
of residents say housing is affordable. 19 responses

Home Quality

Poll
42%
of residents say the exterior quality of homes is good or excellent. 19 responses
Poll
42%
of residents say the interior quality of homes is good or excellent. 19 responses
47%
of residents say there is a good variety of homes. 19 responses
50%
of residents say there are a few vacant or abandoned properties here and there. 20 responses
32%
of residents say that parking is readily available. 19 responses

Similar Places

Explore Real Estate in Similar Places
More

Overview

Homes in Salem have a median value of $367,200. The median rent price in Salem is $1,289 and most residents own their homes. Salem is very walkable, and there are a lot of restaurants, coffee shops, and parks nearby.

Add to List

Back to Full Profile