The housing market in Salem, NH is thriving. The median house value in the city is currently $517,600, which is significantly higher than the US median house value of $338,100. Additionally, the 1 year house appreciation rate in Salem is 12.66%, compared to the 8.27% appreciation rate across the US. This indicates that real estate investments in Salem are growing tremendously and it's a great opportunity to invest in this market.
The median home cost in Salem is $517,600. Home appreciation the last 10 years has been 99.6%. Home Appreciation in Salem is up 15.7%.
Average Age of Homes
- The median age of Salem real estate is 42 years old
The Rental Market in Salem
- Renters make up 22.4% of the Salem population
- 0.6% of houses and apartments in Salem, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.