Median Home Value
$239,500
Median Gross Rent
$1,253/mo
Homeownership Rate
71.0%
Rent as Share of Income
18.8%
Vacancy Rate
10.4%
Median Year Built
1962
Home Price Index (FHFA)
Home prices in Salem County have risen 651% since 1978, per FHFA's index.
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Index value, not a dollar figure — shows relative appreciation over time. Source: Federal Housing Finance Agency.
HUD Fair Market Rent (2026)
Studio
$1,397
1 Bedroom
$1,520
2 Bedroom
$1,810
3 Bedroom
$2,170
4 Bedroom
$2,423
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024; HUD Fair Market Rents 2026.