Salem, NH 03079 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Salem, NH—03079

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$612,000

2.9% YoY Growth

Household Income

$101,000

21.6% YoY Growth

Days on Market

28.0% Shorter YoY

Home Price Forecast

0.3%

Median Rent

$2,300

5.0% YoY Growth

1-Bed Rent

$1,500

16.4% YoY Growth

2-Bed Rent

$2,300

7.6% YoY Growth

3-Bed Rent

$3,300

26.4% YoY Growth

Home Price Trends — Salem, NH

As of May '26, the median home price in Salem, NH is $612,000, with a year-over-year change of 2.9%. This indicates that home prices in Salem, NH are increasing. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$612,000	2.9%
Single Family	$634,000	2.6%
Condos	$387,000	0.0%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Salem, NH

As of July '25, Rentcast reports the average rent in Salem, NH is $2,670, with a year-over-year rent change of -5.0%. Per bedroom, the median rent as of July '25 in Salem, NH is studios: $2,160, 1-bedrooms: $1,680, 2-bedrooms: $2,660, 3-bedrooms: $3,350. The most common rental property sizes in Salem, NH are 2-bedroom and 1-bedroom, accounting for 55.4% and 30.4% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,300	$2,670
Studio Rent	$2,280	$2,160
1 Bed Rent	$1,500	$1,680
2 Bed Rent	$2,300	$2,660
3 Bed Rent	$3,300	$3,350
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

4.8%

1 Bedroom

30.4%

2 Bedrooms

55.4%

3 Bedrooms

8.0%

4 Bedrooms

1.0%

5+ Bedrooms

0.3%

Property Listings — Salem, NH

As of May '26, Realtor.com reports that the median days on market for a home in Salem, NH is 23. This is a decrease of -28.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 15.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$687,000	1.0%
Listing Count	78	25.0%
Listings as % of Homes	0.2%	25.0%
Days on Market	23	-28.0%

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Demographics — Salem, NH

As of the latest ACS Survey released in 2023, Salem, NH has a population of 30,600, which has increased by 5.2% over the past 5 years. Salem, NH is a moderately popular place for families, as children make up 16.9% of the population. The area has a moderately educated workforce, with 39.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.1% reporting working from home.

Metric	Latest Census	YoY % Change
Population	30,600	5.2%
% Under 18	16.9%	-6.1%
% Seniors	19.8%	10.0%
% WFH	15.1%	208.2%
% w/ College Degree	39.1%	13.0%

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As of the latest ACS Survey released in 2023, Salem, NH is a predominantly white area, with 82.1% of the population identifying as white. The white population has shrunk by 5.2% in the last 5 years. The second most common race or ethnicity in Salem, NH is hispanic, making up 9.2% of the population. Foreign-born residents account for 10.6% of the population in Salem, NH, and this percentage has increased by 9.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	82.1%	-5.2%
% Black	1.3%	160.0%
% Hispanic	9.2%	15.0%
% Asian	4.2%	16.7%
% Foreign Born	10.6%	9.3%

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Mortgage and Risk — Salem, NH

According to HUD data as of 2023, there were 641 mortgage originations in Salem, NH, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Salem, NH. Investor activity is low, as 2.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	641
% Conventional Loans	89.0%
% Government Loans	11.0%
% Investor Loans	2.0%
% Second Loans	1.0%
% Cash Out Refinance	15.0%

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Rentals and Section 8 — Salem, NH

Salem, NH lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	235
Total Units Section 8	77
% Rentals under Section 8	2.7%
% Occupied Section 8	90.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$40	$1,500	$1,460
2 Bedroom	-$380	$2,300	$1,920
3 Bedroom	-$990	$3,300	$2,310
4 Bedroom	N/A	N/A	$2,550

Salem, NH—03079

Key Metrics at a Glance

Home Price Trends — Salem, NH

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Salem, NH

% of Rental Stock

Property Listings — Salem, NH

Demographics — Salem, NH

Race and Ethnicity

Mortgage and Risk — Salem, NH

Mortgages

Rentals and Section 8 — Salem, NH

Section 8 Market Size

Section 8 Opportunity

Affordability — Salem, NH

Home Price to Income Ratio

Salem, NH — ZIP Code Boundary Map

Nearby ZIP Codes

Methuen, MA

Atkinson, NH

Windham, NH

Haverhill, MA

Lawrence, MA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	5.2
Median Home Price	$612,000
Median Household Income	$101,000

Salem, NH—03079

Key Metrics at a Glance

Home Price Trends — Salem, NH

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Salem, NH

% of Rental Stock

Property Listings — Salem, NH

Demographics — Salem, NH

Race and Ethnicity

Mortgage and Risk — Salem, NH

Mortgages

Rentals and Section 8 — Salem, NH

Section 8 Market Size

Section 8 Opportunity

Affordability — Salem, NH

Home Price to Income Ratio

Salem, NH — ZIP Code Boundary Map

Nearby ZIP Codes

Methuen, MA

Atkinson, NH

Windham, NH

Haverhill, MA

Lawrence, MA

Frequently Asked Questions

What is the average home price in Salem, NH 03079?

How have home prices in Salem, NH 03079 changed over the past year?

What is the home price projection for Salem, NH 03079?

What are the demographics of Salem, NH 03079?

How long does it take homes to sell in Salem, NH 03079?

What is the average rent price in Salem, NH 03079?