Salem city, VA — Housing & Real Estate
Home values, rent, homeownership rates, housing types, and property taxes
Housing Overview
Source: Census Bureau ACS (2023)Median Home Value
$244,800
Median Rent
$1,046/mo
Homeownership
63.5%
Vacancy Rate
8.6%
Total Housing Units
11,096
Property Tax
$2,232/yr
Housing Tenure
Source: Census Bureau ACS (2023)Owner-Occupied63.5%
Renter-Occupied36.5%
Housing Types
Source: Census Bureau ACS (2023)Single Family75.1%
Multi-Family22.0%
Mobile Home2.9%
Owner Costs
Source: Census Bureau ACS (2023)With Mortgage
$1,168/mo
Without Mortgage
$1,505/mo
Median Year Built
1971
The median home value in Salem city, VA is $244,800 according to 2023 Census Bureau estimates. The median monthly rent is $1,046. 63.5% of housing units are owner-occupied. There are 11,096 total housing units in the county. The vacancy rate is 8.6%.