Salem, VA—24153
Real Estate Data & Market Trends
Key Metrics at a Glance
Median Home Value
$296,000
2.9% YoY Growth
Household Income
$72,700
18.2% YoY Growth
Days on Market
76
16.0% Longer YoY
Home Price Forecast
2.3%
Median Rent
$1,380
2.7% YoY Growth
1-Bed Rent
$1,000
3.8% YoY Growth
2-Bed Rent
$1,310
7.2% YoY Growth
3-Bed Rent
$2,000
31.1% YoY Growth
Home Price Trends — Salem, VA
As of Dec '25, the median home price in Salem, VA is $296,000, with a year-over-year change of 2.9%. This indicates that home prices in Salem, VA are increasing. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $296,000 | 2.9% |
| Single Family | $298,000 | 3.1% |
| Condos | $208,000 | 3.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed |