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Salem, MA
Full City Profile · Massachusetts · Essex County County
3.4
/5.0
B
Good
44,241
Population
5,337/sq mi density
$85,137
Median Income
$49,734 per capita
$497,400
Home Value
$597,459 Zillow
$1,800
Median Rent
32.1% income on rent
51°F
Avg Temperature
259 sunny days/yr
249
Violent Crime/100K
1,673 property/100K
B
Overall
3.4 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.1 / 5.0
$85,137 median income, 3.7% unemployment
B
Affordability
3.4 / 5.0
$497,400 home value, $1,800/mo rent
F
Safety
1.0 / 5.0
249 violent crimes/100K
A+
Education
5.0 / 5.0
49.6% bachelor's degree or higher
Housing Overview
Median Home Value
$497,400
76% above
US avg: $281,900
Median Rent
$1,800/mo
55% above
US avg: $1,163/mo
Homeownership Rate
51.4%
21% below US avg (65.4%)
Total Housing Units
21,086
Median year built: 1940
Home Value by Source
Census Median
$497,400
Zillow (ZHVI)
$597,459
Median Sale Price
$640,000
Median List Price
$550,000
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
51.4%
Owner-Occupied
48.6%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,727/mo
1 Bedroom
$1,822/mo
2 Bedroom
$2,300/mo
3 Bedroom
$2,858/mo
4 Bedroom
$3,232/mo
Census median rent:
$1,800/mo
· Zillow rent:
$2,576/mo
Market Indicators (Redfin)
Median Days on Market
35 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
21
Price Drops
22.0%
of listings with price reduction
Price Per Sq Ft
$357
Active Inventory
41
homes for sale
Affordability & Housing Stock
Rent Burden
32.1%
of renters spending 30%+ of income on housing
4% above US avg (31.0%)
Median Year Built
1940
Average age of housing stock: 86 years
Homeownership Rate
51.4%
Complete Housing Data
Home Values
| Census Median Value | $497,400 |
| Zillow Home Value (ZHVI) | $597,459 |
| Median Sale Price | $640,000 |
| Median List Price | $550,000 |
| Price Per Sq Ft | $357 |
Rent
| Census Median Rent | $1,800 |
| Zillow Rent (ZORI) | $2,576 |
| FMR Studio | $1,727 |
| FMR 1-Bedroom | $1,822 |
| FMR 2-Bedroom | $2,300 |
| FMR 3-Bedroom | $2,858 |
| FMR 4-Bedroom | $3,232 |
Market
| Days on Market | 35 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 22.0% |
| Homes Sold | 21 |
| Active Inventory | 41 |
| Price Per Sq Ft | $357 |
Ownership & Stock
| Owner-Occupied | 51.4% |
| Renter-Occupied | 48.6% |
| Homeownership Rate | 51.4% |
| Total Housing Units | 21,086 |
| Median Year Built | 1940 |
| Rent Burden | 32.1% |