Salem, AL 36874 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Salem, AL—36874

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$333,000

4.8% YoY Growth

Household Income

$63,200

18.4% YoY Growth

Days on Market

9.0% Shorter YoY

Home Price Forecast

1.0%

Median Rent

$1,300

22.9% YoY Growth

1-Bed Rent

$1,400

N/A

2-Bed Rent

N/A

3-Bed Rent

$1,300

17.7% YoY Growth

Home Price Trends — Salem, AL

As of May '26, the median home price in Salem, AL is $333,000, with a year-over-year change of 4.8%. This indicates that home prices in Salem, AL are increasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$333,000	4.8%
Single Family	$334,000	5.0%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Salem, AL

As of July '25, Rentcast reports the average rent in Salem, AL is $1,350, with a year-over-year rent change of -22.9%. Per bedroom, the median rent as of July '25 in Salem, AL is 1-bedrooms: $1,400, 3-bedrooms: $1,300. The most common rental property sizes in Salem, AL are 3-bedroom and 4-bedroom, accounting for 77.5% and 12.1% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,300	$1,350
Studio Rent	N/A	N/A
1 Bed Rent	$1,400	$1,400
2 Bed Rent	N/A	N/A
3 Bed Rent	$1,300	$1,300
4 Bed Rent	N/A	N/A

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% of Rental Stock

2 Bedrooms

10.4%

3 Bedrooms

77.5%

4 Bedrooms

12.1%

Property Listings — Salem, AL

As of May '26, Realtor.com reports that the median days on market for a home in Salem, AL is 51. This is a decrease of -9.0% 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 10.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$459,000	-5.0%
Listing Count	83	40.0%
Listings as % of Homes	0.5%	40.0%
Days on Market	51	-9.0%

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Demographics — Salem, AL

As of the latest ACS Survey released in 2023, Salem, AL has a population of 10,300, which has increased by 37.5% over the past 5 years. Salem, AL is a moderately popular place for families, as children make up 22.2% of the population. The area has a poorly educated workforce, with 19.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.7% reporting working from home.

Metric	Latest Census	YoY % Change
Population	10,300	37.5%
% Under 18	22.2%	4.2%
% Seniors	23.1%	45.3%
% WFH	6.7%	42.6%
% w/ College Degree	19.8%	-26.7%

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As of the latest ACS Survey released in 2023, Salem, AL is a predominantly white area, with 77.3% of the population identifying as white. The white population has shrunk by 6.3% in the last 5 years. The second most common race or ethnicity in Salem, AL is black, making up 18.7% of the population. Foreign-born residents account for 4.2% of the population in Salem, AL, and this percentage has increased by 200.0% 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	77.3%	-6.3%
% Black	18.7%	62.6%
% Hispanic	2.8%	21.7%
% Asian	0.2%	-80.0%
% Foreign Born	4.2%	200.0%

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Mortgage and Risk — Salem, AL

According to HUD data as of 2023, there were 166 mortgage originations in Salem, AL, of which 56.0% of loans were conventional mortgages. The average loan-to-value was 78.0%, with 49.0% above 90% LTV (very high). This implies large mortgage risk in Salem, AL. Investor activity is low, as 1.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	166
% Conventional Loans	56.0%
% Government Loans	44.0%
% Investor Loans	1.0%
% Second Loans	1.0%
% Cash Out Refinance	14.0%

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Rentals and Section 8 — Salem, AL

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

Section 8 Market Size

Total Units under HUD	21
Total Units Section 8	21
% Rentals under Section 8	6.7%
% Occupied Section 8	71.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$290	$1,400	$1,110
2 Bedroom	N/A	N/A	$1,290
3 Bedroom	$380	$1,300	$1,680
4 Bedroom	N/A	N/A	$1,810

Salem, AL—36874

Key Metrics at a Glance

Home Price Trends — Salem, AL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Salem, AL

% of Rental Stock

Property Listings — Salem, AL

Demographics — Salem, AL

Race and Ethnicity

Mortgage and Risk — Salem, AL

Mortgages

Rentals and Section 8 — Salem, AL

Section 8 Market Size

Section 8 Opportunity

Affordability — Salem, AL

Home Price to Income Ratio

Salem, AL — ZIP Code Boundary Map

Nearby ZIP Codes

Smiths Station, AL

Phenix City, AL

Opelika, AL

Valley, AL

Phenix City, AL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4.4
Median Home Price	$333,000
Median Household Income	$63,200

Salem, AL—36874

Key Metrics at a Glance

Home Price Trends — Salem, AL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Salem, AL

% of Rental Stock

Property Listings — Salem, AL

Demographics — Salem, AL

Race and Ethnicity

Mortgage and Risk — Salem, AL

Mortgages

Rentals and Section 8 — Salem, AL

Section 8 Market Size

Section 8 Opportunity

Affordability — Salem, AL

Home Price to Income Ratio

Salem, AL — ZIP Code Boundary Map

Nearby ZIP Codes

Smiths Station, AL

Phenix City, AL

Opelika, AL

Valley, AL

Phenix City, AL

Frequently Asked Questions

What is the average home price in Salem, AL 36874?

How have home prices in Salem, AL 36874 changed over the past year?

What is the home price projection for Salem, AL 36874?

What are the demographics of Salem, AL 36874?

How long does it take homes to sell in Salem, AL 36874?

What is the average rent price in Salem, AL 36874?