The housing market in Salem, UT is thriving, with a median value of $586,600 - significantly higher than the US house median value of $338,100. In the past year alone, US houses appreciated by 8.27%, whereas Salem homes saw an even greater appreciation of 10.89%. This indicates that Salem's housing market is growing rapidly and may be attractive to potential homebuyers or investors alike.
The median home cost in Salem is $586,600. Home appreciation the last 10 years has been 166.8%. Home Appreciation in Salem is up 16.1%.
Average Age of Homes
- The median age of Salem real estate is 21 years old
The Rental Market in Salem
- Renters make up 15.9% 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.