The housing market in Salem, IA is looking up. The median value of a house in Salem is $159,200, which is significantly lower than the US median of $338,100. However, over the past year, the appreciation rate of houses in Salem has been 11.61%, far surpassing the 8.27% appreciation rate of the US as a whole. This demonstrates that the housing market in Salem is growing and thriving more quickly than many other regions across the country.
The median home cost in Salem is $159,200. Home appreciation the last 10 years has been 63.9%. Home Appreciation in Salem is up 15.1%.
Average Age of Homes
- The median age of Salem real estate is 68 years old
The Rental Market in Salem
- Renters make up 23.2% of the Salem population
- 0.0% 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.