housing costs · Virginia
Housing costs in Salem city
What it costs to live here: rent, home values and the share of income rent takes.
Median gross rent
| Survey period | Value | Margin of error | Source |
|---|---|---|---|
| 2020–2024 | $1,133 | ± $59 | evidence → |
| 2019–2023 | $1,046 | ± $69 | evidence → |
| 2018–2022 | $1,053 | ± $59 | evidence → |
| 2017–2021 | $988 | ± $44 | evidence → |
Median home value
| Survey period | Value | Margin of error | Source |
|---|---|---|---|
| 2020–2024 | $258,600 | ± $12,481 | evidence → |
| 2019–2023 | $244,800 | ± $11,222 | evidence → |
| 2018–2022 | $231,900 | ± $6,894 | evidence → |
| 2017–2021 | $205,900 | ± $12,230 | evidence → |
Rent as share of income
| Survey period | Value | Margin of error | Source |
|---|---|---|---|
| 2020–2024 | 30.3 % | ± 2.7 % | evidence → |
| 2019–2023 | 29.6 % | ± 3.7 % | evidence → |
| 2018–2022 | 25.7 % | ± 3.5 % | evidence → |
| 2017–2021 | 24.7 % | ± 2.6 % | evidence → |
In context
Median rent in Salem city is $1,133, above the Virginia median of $1,059 across 133 counties (2020–2024).
American Community Survey, five-year estimates. Each release covers five years, so consecutive releases overlap by four of them — a change from one release to the next is damped, and reading them as annual values understates swings. Margins of error are at 90 % confidence and are wide in sparsely populated counties.