Salem, NH—03079
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Salem, NH
As of Oct '25, the median home price in Salem, NH is $589,000, with a year-over-year change of 2.0%. This indicates that home prices in Salem, NH are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $589,000 | 2.0% |
| Single Family | $610,000 | 1.8% |
| Condos | $381,000 | 0.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $300,000 | 2.4% |
2 Bed | $468,000 | 2.4% |
3 Bed | $585,000 | 2.1% |
4 Bed | $769,000 | 1.9% |
| 5 Bed | $816,000 | 1.6% |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Salem, NH
As of Oct '25, Realtor.com reports that the median days on market for a home in Salem, NH is 26. This is a increase of 30.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $681,000 | 10.0% |
Listing Count | 72 | 72.0% |
| Listings as % of Homes | 0.2% | 72.0% |
Days on Market | 26 | 30.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Salem, NH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5 |
| Median Home Price | $589,000 |
| Median Household Income | $101,000 |