Salem, Nebraska is a great place to live when it comes to housing. The median value of housing in Salem is $68,700, which is much lower compared to the US median of $338,100. Furthermore, the one year house appreciation in Salem was 12.01%, significantly higher than the US one year house appreciation at 8.27%. This means that home values are going up faster in Salem than they are at a national level. With these favorable conditions, now is a great time to purchase or invest in housing in Salem, NE.
The median home cost in Salem is $68,700. Home appreciation the last 10 years has been 86.4%. Home Appreciation in Salem is up 12.8%.
Average Age of Homes
- The median age of Salem real estate is 78 years old
The Rental Market in Salem
- Renters make up 10.0% 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.