Salem City County, VA Housing

The housing market in Salem city, VA County is quite robust, with the median house value sitting at $241,200. This is significantly lower than the US House Median Value of $338,100, but the 1 year appreciation of 12.12% in Salem city, VA County far outpaces the national 1 year appreciation rate of 8.27%. This indicates that the housing market in Salem city, VA County is a strong one and investments here are likely to yield good returns over time.

The median home cost in Salem City County is $241,200. Home appreciation the last 10 years has been 55.9%. Home Appreciation in Salem City County is up 15.8%.

Average Age of Homes

- The median age of Salem City County real estate is 47 years old

The Rental Market in Salem City County

- Renters make up 29.9% of the Salem City County population
- 3.0% of houses and apartments in Salem City County, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Salem City, Virginia	United States
	11,086.0	139,647,020.0
	50	42
	$241,200	$338,100
	15.8%	16.6%
	48.0%	57.0%
	55.9%	101.1%
	$9.73	$10.98
	$2,003	$2,690
	58.8%	57.4%
	10.1%	11.2%
	31.1%	31.4%
Vacant Housing
	3.0%	1.9%
	0.0%	0.4%
	0.4%	0.7%
	0.3%	0.4%
	1.0%	3.6%
	5.3%	4.1%
Value of Owner-Occupied Housing
	1.7%	2.6%
	1.5%	2.4%
	0.4%	2.8%
	1.3%	3.9%
	3.2%	4.5%
	16.1%	11.3%
	23.8%	13.0%
	26.5%	20.1%
	11.9%	13.6%
	6.1%	8.3%
	5.4%	9.7%
	0.7%	3.9%
	0.7%	2.2%
	0.0%	0.8%
	0.6%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	6.1%	13.6%
	6.1%	13.6%
	10.8%	13.6%
	11.5%	13.2%
	20.0%	14.8%
	10.8%	13.6%
	12.9%	10.0%
	5.2%	4.7%
	13.2%	12.2%

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