Zip 06420 (Salem, CT) Housing

The housing market in 06420 Salem, CT is doing well compared to the national average. The median value for housing in this area is $372,700, which is significantly higher than the US House Median Value of $338,100. In addition, the 1 year house appreciation rate in 06420 Salem, CT was 10.61%, while the US 1 year house appreciation rate was 8.27%. This indicates that the housing market in this area is growing steadily and may be a great investment opportunity for those looking to buy a home.

The median home cost in Salem (zip 06420) is $372,700. Home appreciation the last 10 years has been 47.1%. Home Appreciation in Salem (zip 06420) is up 13.4%.

Average Age of Homes

- The median age of Salem (zip 06420) real estate is 36 years old

The Rental Market in Salem (zip 06420)

- Renters make up 5.0% of the Salem (zip 06420) population
- 0.0% of houses and apartments in Salem (zip 06420), 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, Connecticut	United States
	1,813.0	139,647,020.0
	35	42
	$372,700	$338,100
	13.4%	16.6%
	44.1%	57.0%
	47.1%	101.1%
	$20.11	$10.98
	$6,495	$2,690
	79.9%	57.4%
	6.5%	11.2%
	13.6%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	1.0%	0.7%
	0.0%	0.4%
	3.3%	3.6%
	2.2%	4.1%
Value of Owner-Occupied Housing
	2.8%	2.6%
	0.0%	2.4%
	0.0%	2.8%
	2.8%	3.9%
	0.0%	4.5%
	0.8%	11.3%
	5.2%	13.0%
	29.8%	20.1%
	37.2%	13.6%
	13.1%	8.3%
	5.8%	9.7%
	2.6%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	12.2%	13.6%
	12.2%	13.6%
	18.7%	13.6%
	22.0%	13.2%
	12.4%	14.8%
	18.7%	13.6%
	8.1%	10.0%
	1.8%	4.7%
	10.1%	12.2%

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