Salem, OH housing market
Home prices around Salem have risen about 57% over the past 5 years. Builders were permitted 1 new home in 2025.
Home values, sales, trends and how Salem compares with the towns next door — updated as new data is published.
Home prices up 57% in 5 years
The federal house price index for the ZIP codes around Salem rose 57% over the past 5 years, faster than across Ohio (53%). Last year prices rose 11%.
Show as a table
| Year | Change that year | Since 2000 | Ohio since 2000 |
|---|---|---|---|
| 2025 | +11% | +120% | +106% |
| 2024 | +6.7% | +99% | +97% |
| 2023 | +10% | +86% | +84% |
| 2022 | +8.4% | +69% | +70% |
| 2021 | +11% | +56% | +50% |
| 2020 | +5.2% | +41% | +35% |
| 2019 | +6.6% | +34% | +29% |
| 2018 | +9.4% | +25% | +23% |
| 2017 | −2.4% | +15% | +16% |
| 2016 | +11% | +17% | +11% |
| 2015 | −1.1% | +5.9% | +6.7% |
| 2014 | +2.4% | +7.1% | +3.1% |
| 2013 | −3.7% | +4.6% | −0.2% |
| 2012 | −0.8% | +8.6% | −0.4% |
| 2011 | −2.8% | +9.5% | +1.3% |
| 2010 | −1.8% | +13% | +5.1% |
| 2009 | −1.8% | +15% | +8.9% |
| 2008 | +1.7% | +17% | +12% |
| 2007 | −0.8% | +15% | +15% |
| 2006 | +2.6% | +16% | +17% |
| 2005 | +4.2% | +13% | +16% |
| 2004 | +3.2% | +8.2% | +12% |
| 2003 | +2.2% | +4.9% | +8.5% |
| 2002 | −0.1% | +2.6% | +6.7% |
| 2001 | +2.7% | +2.7% | +4.3% |
| 2000 | — | — | — |
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 45887, 45885, 45862, covering 89% of Salem’s land, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost.
1 new home permitted in 2025
Builders were permitted 1 new home in Salem in 2025. Over the past 10 years, Salem has permitted 7 homes in all.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 0 | 0 | 0 | — |
| 2025 | 1 | 1 | 0 | $450,000 |
| 2024 | 1 | 1 | 0 | $450,000 |
| 2023 | 0 | 0 | 0 | — |
| 2022 | 2 | 2 | 0 | $1 million |
| 2021 | 1 | 1 | 0 | $392,000 |
| 2020 | 2 | 2 | 0 | $889,000 |
| 2019 | 0 | 0 | 0 | — |
| 2018 | 0 | 0 | 0 | — |
| 2017 | 0 | 0 | 0 | — |
| 2016 | 0 | 0 | 0 | — |
| 2015 | 1 | 1 | 0 | $214,000 |
| 2014 | 0 | 0 | 0 | — |
| 2013 | 2 | 2 | 0 | $390,000 |
| 2012 | 0 | 0 | 0 | — |
| 2011 | 0 | 0 | 0 | — |
| 2010 | 1 | 1 | 0 | $109,000 |
| 2009 | 1 | 1 | 0 | $100,000 |
| 2008 | 2 | 2 | 0 | $642,000 |
| 2007 | 1 | 1 | 0 | $85,000 |
| 2006 | 3 | 3 | 0 | $288,000 |
| 2005 | 1 | 1 | 0 | $285,000 |
| 2004 | 3 | 3 | 0 | $350,000 |
| 2003 | 2 | 2 | 0 | $332,000 |
| 2002 | 5 | 5 | 0 | $504,000 |
| 2001 | 2 | 2 | 0 | $250,000 |
| 2000 | 0 | 0 | 0 | — |
Salem's permit office didn't report to the Census in 2025, so the 2025 figures are Census estimates.
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Salem and its neighbors
| Town | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|
| Salem | +10.9%† | $1,010 | 1 | $75,896 |
| Noble | +4.1%† | $990 | 0 | $97,083 |
| Logan | +4.6%† | $1,050 | 2 | $75,000 |
| Jennings | +14.8%† | $1,060 | 1 | $81,806 |
| Union | — | $980 | 2 | $45,556 |
| Spencer | +14.8%† | $1,030 | 2 | $62,654 |
† FHFA price index change, where Zillow has no home value for the town.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $1,010
HUD's Fair Market Rent for a two-bedroom in Salem is $1,010 a month, utilities included: roughly what a modest, recently rented unit costs.
Studio $760 · 4 bedrooms $1,490
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (45862, 45885, 45887; Lima, OH MSA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.