What is the median home price in Salem?

The median home price in Salem, Salem city, Virginia is $231,900, which is 18% below the national average of 281,900 ($281,900).

Salem, Salem city, Virginia has a violent crime rate of 1.4 per 1,000 residents, which is 61% below the national average, making it relatively safe. The national average is 3.6 per 1,000 residents. The property crime rate is 5.8 per 1,000 residents.

What is the Walk Score for Salem?

Salem, Salem city, Virginia has a Walk Score of 0 out of 100, classified as "Almost All Errands Require a Car." The national average Walk Score is 48/100. The bike score is 6/100.

What is the median household income in Salem?

The median household income in Salem, Salem city, Virginia is $68,402, which is 8% below the national average of 74,580 ($74,580).

What is the average rent in Salem?

The median rent in Salem, Salem city, Virginia is $1,267 per month. The national average median rent is $1,163/month.

What is the air quality in Salem?

Salem, Salem city, Virginia has an Air Quality Index (AQI) of 40, categorized as "Good." The national average AQI is 42. An AQI under 50 is considered "Good."

What is the population of Salem?

The population of Salem, Salem city, Virginia is approximately 25,372. The homeownership rate is 80.0% (national average: 65.9%).

What are the climate risks in Salem?

Salem, Salem city, Virginia has an overall climate risk rating of "Relatively Moderate" with a risk score of 71.58. This assessment considers hazards such as flooding, wildfire, extreme heat, and severe storms.

Salem, Salem city, Virginia has an affordability index of 98, which is below the national baseline of 100, indicating less affordable housing. The electricity rate is 13.4¢/kWh (national average: 16.6¢/kWh).

What is the unemployment rate in Salem?

The unemployment rate in Salem, Salem city, Virginia is 3.5%. The national average unemployment rate is 3.7%. The poverty rate is 9.6% (national average: 12.4%).

Salem

Salem city, Virginia

Affordable

About Salem

If you're seeking a blend of small-town charm with big-city convenience, Salem, Virginia, is a hidden gem. This city of just over 25,000 residents offers a refreshingly affordable lifestyle, particularly when you consider the median home value is a comfortable $231,900, significantly below the national average. Salem's allure lies in its friendly atmosphere, the stunning backdrop of the Blue Ridge Mountains, and a pace of life that encourages a true sense of community. Here, you'll find residents enjoying the numerous outdoor activities, local shops, and a vibrant cultural scene, all contributing to a quality of life that's hard to beat.

From an investment perspective, Salem presents a compelling opportunity. While the median household income hovers around $68,402, competitive with the national average, the lower housing costs mean your money stretches further. The city is known for its safety and walkability, with many areas offering easy access to amenities. Salem is ideal for families, retirees, and young professionals looking for an affordable yet fulfilling lifestyle.

Salem, Virginia at a Glance

Salem is a city in Salem city, Virginia with a population of approximately 25,372. The median home value is $231,900 and the median household income is $68,402. It has a Walk Score of 0 out of 100, indicating car dependency. The violent crime rate is 1.4 per 1,000 residents, which is 61% below the national average. Air quality is rated Good. The overall climate risk is rated as "Relatively Moderate." Median rent is $1,267 per month. Data sourced from the US Census Bureau, FBI Crime Data Explorer, EPA, Walk Score, and FEMA.