The housing market in Salem, CT is flourishing. According to the data, the median value for homes in Salem is $355,000 which exceeds the US house median value of $338,100. Furthermore, with a 1 year house appreciation of 10.61%, it significantly outperforms the US 1 year house appreciation rate of 8.27%. This indicates that Salem is an attractive option for buyers and investors alike looking to invest in the housing market.
The median home cost in Salem is $355,000. Home appreciation the last 10 years has been 47.1%. Home Appreciation in Salem is up 13.4%.
Average Age of Homes
- The median age of Salem real estate is 36 years old
The Rental Market in Salem
- Renters make up 5.0% 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.