A typical Salem home is worth roughly $206,000
Home prices around Salem have risen about 56% over the past 5 years. No new homes were permitted in 2013.
What kind of housing town is Salem?
Read from the numbers below. The page puts what stands out first.
What it takes to buy in Salem
Try your own numbers below.
That covers a typical Salem home, with $56K to spare.
A two-bedroom rents for about $1,050 a month here, $250 less than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, the Ohio typical property tax (1.31% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
Home prices up 56% in 5 years
The federal house price index for the ZIP codes around Salem rose 56% over the past 5 years, about the same as across Ohio. Last year prices rose 1.7%.
Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Salem, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.
A two-bedroom rents for about $1,050
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Brown County, OH HUD Metro FMR Area): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
No new homes permitted in 2013
No permits for new homes were issued in Salem in 2013. The last year with any was 2011 (5 new homes).
Every year as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2013 | 0 | 0 | 0 | — |
| 2012 | 0 | 0 | 0 | — |
| 2011 | 5 | 5 | 0 | $306,000 |
| 2010 | 5 | 5 | 0 | $306,000 |
| 2009 | 5 | 5 | 0 | $306,000 |
| 2008 | 6 | 6 | 0 | $367,000 |
| 2007 | 7 | 7 | 0 | $428,000 |
| 2006 | 9 | 9 | 0 | $550,000 |
| 2005 | 10 | 10 | 0 | $611,000 |
| 2004 | 10 | 10 | 0 | $611,000 |
| 2003 | 10 | 10 | 0 | $611,000 |
| 2002 | 9 | 9 | 0 | $550,000 |
| 2001 | 9 | 9 | 0 | $550,000 |
| 2000 | 7 | 7 | 0 | $689,000 |
Salem's permit office didn't report to the Census in 2013, so the 2013 figures are Census estimates.
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey.
88% of Salem households own their home
Half of Salem’s homes were built before 1983.
Ohio: 67% own.
U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.
Salem vs. its neighbors
Salem is the 3rd least expensive of 5 neighboring towns. Tap one to see its housing page.
Compare more
Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.
Neighbors talk housing
What Salem buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
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. The calculator is an estimate, not a loan offer.