Salem, NY—12865
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Salem, NY
As of Oct '25, the median home price in Salem, NY is $226,000, with a year-over-year change of -3.0%. This indicates that home prices in Salem, NY are decreasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $226,000 | -3.0% |
| Single Family | $226,000 | -3.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $203,000 | -3.8% |
3 Bed | $233,000 | -2.9% |
4 Bed | $282,000 | -2.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Salem, NY
As of July '25, Rentcast reports the average rent in Salem, NY is $1,000, with a year-over-year rent change of 11.1%. Per bedroom, the median rent as of July '25 in Salem, NY is 1-bedrooms: $1,000. The most common rental property sizes in Salem, NY are 3-bedroom and 2-bedroom, accounting for 60.2% and 25.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,000 | $1,000 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,000 | $1,000 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Salem, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Salem, NY is 85. This is a decrease of -11.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $234,000 | 14.0% |
Listing Count | 15 | -28.0% |
| Listings as % of Homes | 1.5% | -28.0% |
Days on Market | 85 | -11.0% |
Demographics — Salem, NY
As of the latest ACS Survey released in 2023, Salem, NY has a population of 3,350, which has decreased by -9.1% over the past 5 years. Salem, NY is a less popular place for families, as children make up 14.7% of the population. The area has a moderately educated workforce, with 27.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,350 | -9.1% |
% Under 18 | 14.7% | -23.0% |
% Seniors | 21.4% | 4.9% |
% WFH | 11.2% | 14.3% |
% w/ College Degree | 27.9% | 12.5% |
As of the latest ACS Survey released in 2023, Salem, NY is a predominantly white area, with 89.3% of the population identifying as white. The white population has shrunk by 6.8% in the last 5 years. The second most common race or ethnicity in Salem, NY is black, making up 3.6% of the population. Foreign-born residents account for 1.9% of the population in Salem, NY, and this percentage has decreased by 17.4% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 89.3% | -6.8% |
% Black | 3.6% | ∞% |
% Hispanic | 2.4% | 14.3% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 1.9% | -17.4% |
Mortgage and Risk — Salem, NY
According to HUD data as of 2023, there were 56 mortgage originations in Salem, NY, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 38.0% above 90% LTV (very high). This implies large mortgage risk in Salem, NY. Investor activity is low, as 2.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 56 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 2.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Salem, NY
Salem, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 2 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | 0.8% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $40 | $1,000 | $1,040 |
| 2 Bedroom | N/A | N/A | $1,300 |
| 3 Bedroom | N/A | N/A | $1,680 |
| 4 Bedroom | N/A | N/A | $1,720 |
Affordability — Salem, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $226,000 |
| Median Household Income | $70,900 |