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Salem, VA
Full City Profile · Virginia · Salem city County
3.3
/5.0
B
Good
25,477
Population
1,755/sq mi density
$66,716
Median Income
$38,127 per capita
$244,800
Home Value
$300,477 Zillow
$1,046
Median Rent
29.6% income on rent
51°F
Avg Temperature
305 sunny days/yr
90
Violent Crime/100K
2,184 property/100K
B
Overall
3.3 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.2 / 5.0
$66,716 median income, 2.1% unemployment
A+
Affordability
4.6 / 5.0
$244,800 home value, $1,046/mo rent
F
Safety
1.0 / 5.0
90 violent crimes/100K
B
Education
3.5 / 5.0
31.1% bachelor's degree or higher
Housing Overview
Median Home Value
$244,800
13% below
US avg: $281,900
Median Rent
$1,046/mo
10% below
US avg: $1,163/mo
Homeownership Rate
63.5%
3% below US avg (65.4%)
Total Housing Units
11,096
Median year built: 1970
Home Value by Source
Census Median
$244,800
Zillow (ZHVI)
$300,477
Median Sale Price
$295,000
Median List Price
$279,950
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
63.5%
Owner-Occupied
36.5%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,004/mo
1 Bedroom
$1,053/mo
2 Bedroom
$1,254/mo
3 Bedroom
$1,743/mo
4 Bedroom
$2,104/mo
Census median rent:
$1,046/mo
· Zillow rent:
$1,435/mo
Market Indicators (Redfin)
Median Days on Market
48 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
21
Price Drops
25.5%
of listings with price reduction
Price Per Sq Ft
$136
Active Inventory
47
homes for sale
Affordability & Housing Stock
Rent Burden
29.6%
of renters spending 30%+ of income on housing
5% below US avg (31.0%)
Median Year Built
1970
Average age of housing stock: 56 years
Homeownership Rate
63.5%
Complete Housing Data
Home Values
| Census Median Value | $244,800 |
| Zillow Home Value (ZHVI) | $300,477 |
| Median Sale Price | $295,000 |
| Median List Price | $279,950 |
| Price Per Sq Ft | $136 |
Rent
| Census Median Rent | $1,046 |
| Zillow Rent (ZORI) | $1,435 |
| FMR Studio | $1,004 |
| FMR 1-Bedroom | $1,053 |
| FMR 2-Bedroom | $1,254 |
| FMR 3-Bedroom | $1,743 |
| FMR 4-Bedroom | $2,104 |
Market
| Days on Market | 48 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 25.5% |
| Homes Sold | 21 |
| Active Inventory | 47 |
| Price Per Sq Ft | $136 |
Ownership & Stock
| Owner-Occupied | 63.5% |
| Renter-Occupied | 36.5% |
| Homeownership Rate | 63.5% |
| Total Housing Units | 11,096 |
| Median Year Built | 1970 |
| Rent Burden | 29.6% |