Salem, WV is a great place to look for housing. The median value of homes in the area is $123,000 which is much lower than the US median house value of $338,100. In the past year, the US house appreciation rate was 8.27%, and Salem has seen an even higher rate of 9.82%. This makes it an attractive option for those looking to invest in real estate. With its lower cost of living and increasing house values, Salem is proving itself to be a desirable location for people looking to buy a home.
The median home cost in Salem is $123,000. Home appreciation the last 10 years has been 44.6%. Home Appreciation in Salem is up 12.1%.
Average Age of Homes
- The median age of Salem real estate is 78 years old
The Rental Market in Salem
- Renters make up 26.4% of the Salem population
- 4.1% 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.