Salem vs Cambridge: Housing
| Salem | Cambridge | |
|---|---|---|
| Median Home Value | $542,800 | $1,092,100 |
| Median Gross Rent | $1,836/mo | $2,787/mo |
| Homeownership Rate | 49.7% | 33.5% |
| Rent as Share of Income | 25.9% | 25.6% |
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024.