Essex County

Real Estate in Salem, MA

Ready to move to Salem , MA? Click below to learn more about recent housing trends, average home values and other real estate insights .

Real Estate Overview

So you want to move to Salem , MA, but aren’t sure if you can afford the housing costs? Here’s what you need to know: The median home price in Salem is $308,800, while the median rent for a one bedroom apartment is $1096 . The median salary in Salem , MA, is $60,690, and depending on how yours compares, it should help you determine which housing option is best for you.

Property Values in Salem , MA

  $1,000,000 or More 1.1%
  $50k to $99k 1.3%
  $100k to $149k 2.8%
  $200k to $299k 35.1%
  $300k to $499k 44.6%
  $500k to $999k 7.1%
  Less than $50k 1.9%

$308800
Median Home Price
in Salem , MA

Monthly Rent in Salem , MA

Property Tax (with Mortgage) in Salem , MA

$1.5k to $2k 29.5%
$1k to $1.5k 20.6%
$2.5k to $3k 14%
$2k to $2.5k 22.2%
Property Tax $3k or more 10.1%
$500 to $999 3.2%

$1947
Median Property Tax
in Salem , MA

Property Tax (without Mortgage) in Salem , MA

$1k or More 17.5%
$250 to $399 2.5%
$400 to $599 12.6%
$600 to $799 31.7%
$800 to $999 32.6%
Less than $250 3%
Property Tax Less $0.5k 0.2%

$308800
Median Propery Value
in Salem , MA

$1096
Median Rent
in Salem , MA