Latest available · Census ACS 5-Year (2024)
What Is the Median Home Value in Salem city, Massachusetts?
City · Census ACS 5-Year estimates
The median home value in Salem city, Massachusetts is $542,800 (±$17,690), based on Census ACS 5-Year estimates (2024). The median gross rent is $1,836/month, and the median household income is $85,153/year. Source: U.S. Census Bureau, American Community Survey, 2024 5-Year Estimates.
Housing Metrics for Salem city, Massachusetts
| Metric | Value |
|---|---|
| Median Home Value | $542,800 |
| Median Gross Rent | $1,836 |
| Median Household Income | $85,153 |
| Total Housing Units | 20,267 |
| Renter-Occupied Units | 10,194 |
| Renter-Occupied Share | 50% |
How does Salem city, Massachusetts compare?
Median home value ranked against all cities in Massachusetts.
Higher home value than 51% of cities in Massachusetts · 120th of 242
| # | City | Value |
|---|---|---|
| 1 | Edgartown CDP | $2,000,001 |
| 2 | Chatham CDP | $1,866,800 |
| 3 | Duxbury CDP | $1,705,600 |
| … 116 more … | ||
| 120 | Salem city(you are here) | $542,800 |
| … 119 more … | ||
| 240 | Blandford CDP | $227,900 |
| 241 | Adams CDP | $197,400 |
| 242 | North Adams city | $195,900 |
More data for Salem city, Massachusetts
Frequently asked questions
What is the median home value in Salem city, Massachusetts?
The median home value in Salem city, Massachusetts is $542,800, based on Census ACS 5-Year estimates (2024). This is the self-reported estimated value homeowners believe their property would sell for. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the average rent in Salem city, Massachusetts?
The median gross rent in Salem city, Massachusetts is $1,836/month, based on Census ACS 5-Year estimates (2024).
What is the median household income in Salem city, Massachusetts?
The median household income in Salem city, Massachusetts is $85,153/year according to Census ACS 5-Year estimates (2024).
How reliable is Census ACS data for small areas?
The ACS 5-Year estimates combine 60 months of data for more reliable figures in smaller geographies. Each estimate has a margin of error (MOE). For example, the median home value of $542,800 has a margin of error of ±$17,690. In very small areas, MOEs can be large relative to the estimate.
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