Salem, MO is an attractive area for potential homebuyers with its median housing value of $161,100. This is significantly lower than the US median housing value of $338,100 and makes Salem an affordable choice for people looking to purchase a home. Additionally, in the last year the appreciation rate for homes in Salem has been 13.45%, which is higher than the national average of 8.27%. This means that not only can buyers buy a house at a good price but their future investment looks secure with increased values over time. As such, Salem is an excellent option for those looking to both live in a great area and make a wise investment in real estate.
The median home cost in Salem (zip 65560) is $161,100. Home appreciation the last 10 years has been 73.2%. Home Appreciation in Salem (zip 65560) is up 17.1%.
Average Age of Homes
- The median age of Salem (zip 65560) real estate is 40 years old
The Rental Market in Salem (zip 65560)
- Renters make up 24.2% of the Salem (zip 65560) population
- 0.9% of houses and apartments in Salem (zip 65560), 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.