Salem, MA Housing

4 Reviews

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The housing market in Salem, MA has been booming over the past year, with the median value of a home at $505,900. This is significantly higher than the US median value of $338,100 and reflects an appreciation rate of 9.17%, which is higher than the national average of 8.27%. Clearly, Salem is a desirable location for those looking to invest in real estate.

The median home cost in Salem is $505,900. Home appreciation the last 10 years has been 95.5%. Home Appreciation in Salem is up 13.0%.

Average Age of Homes
- The median age of Salem real estate is 78 years old
The Rental Market in Salem
- Renters make up 47.3% of the Salem population
- 0.9% of houses and apartments in Salem, are available to rent

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

   Housing by Year Built

  HousingSalem, MassachusettsUnited States
  Vacant Housing
  Value of Owner-Occupied Housing
  Housing Units by Year Structure Built
Reviews for Salem
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I've been in Salem, Massachusetts for a year now because it brought me up here for my husband's job. Salem may be a great place to visit during Halloween but other  More

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Over 11 years ago

My husband and I move to Salem, MA from Long Island NY five years ago and we love it! We kept on visiting for Halloween and we just decided to move here for the hell of  More

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Over 17 years ago

We are family friendly, albeit strange. We celebrate Halloween for a month. Check out the Haunted Happenings  More

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