The housing in Salem, OH is quite desirable due to its median value of $156,700. This is significantly lower than the US median house value of $338,100. The one-year appreciation for housing in Salem is 10.54%, which is higher than the national average of 8.27%. This means that residents of Salem have enjoyed higher returns on their investments than most Americans over that same period of time.
The median home cost in Salem is $156,700. Home appreciation the last 10 years has been 74.9%. Home Appreciation in Salem is up 14.4%.
Average Age of Homes
- The median age of Salem real estate is 59 years old
The Rental Market in Salem
- Renters make up 36.2% of the Salem population
- 2.3% 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.