Housing · Salem
Salem, CT housing market
The typical Salem home is worth about $478,000, up 8.4% in a year, 6% above the Connecticut typical home.
Home values, sales, trends and how Salem compares with the towns next door — updated as new data is published.
The market right now
Salem at a glance
Typical home value
$478K
▲ 8.4% in a year · Zillow
Ten-year trend
Typical home value, 2016–2026
SalemConnecticut
Show as a table
| January | Salem | Connecticut |
|---|---|---|
| 2017 | $243,000 | $248,000 |
| 2018 | $251,000 | $256,000 |
| 2019 | $254,000 | $258,000 |
| 2020 | $265,000 | $264,000 |
| 2021 | $297,000 | $293,000 |
| 2022 | $337,000 | $326,000 |
| 2023 | $364,000 | $357,000 |
| 2024 | $404,000 | $395,000 |
| 2025 | $429,000 | $420,000 |
| 2026 | $453,000 | $438,000 |
| August 2026 | $478,000 | $451,000 |
Next door
Salem and its neighbors
The towns that share a border. Tap one to see its housing page.
| Town | Typical value | 1-yr change | Days on market | Median income |
|---|---|---|---|---|
| Salem | $478K | +8.4% | — | $123,245 |
| Montville | $366K | +6.7% | — | $96,454 |
| Bozrah | $407K | +7.7% | — | $108,516 |
| Colchester | $447K | +6.2% | 18 | $122,390 |
| East Haddam | $446K | +4.9% | — | $107,861 |
| Lyme | $808K | +6.3% | — | $135,000 |
| East Lyme | $535K | +5.3% | — | $105,044 |
Affordability
3.9 years of income
The typical Salem home costs about 3.9 years of the town's median household income, less than across Connecticut (4.7 years).
How Salem ranks on affordability →
Home value ÷ ACS median household income.
The homes
Owners, rent & taxes
Homeownership
86.6%
Connecticut: 66.5%
Median tax bill
$6,668
Connecticut: $6,643
Median rent
$1,440
Connecticut: $1,488
Typical home built
1988
Connecticut: 1967
U.S. Census Bureau, ACS 2020-2024.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Listings link to their publishers.