Salem vs Lowell: Housing
| Salem | Lowell | |
|---|---|---|
| Median Home Value | $542,800 | $429,200 |
| Median Gross Rent | $1,836/mo | $1,625/mo |
| Homeownership Rate | 49.7% | 43.2% |
| Rent as Share of Income | 25.9% | 24.8% |
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024.
| Salem | Lowell | |
|---|---|---|
| Median Home Value | $542,800 | $429,200 |
| Median Gross Rent | $1,836/mo | $1,625/mo |
| Homeownership Rate | 49.7% | 43.2% |
| Rent as Share of Income | 25.9% | 24.8% |
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024.