Salem, OH 44460 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Salem, OH—44460

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$180,000

3.0% YoY Growth

Household Income

$59,900

25.2% YoY Growth

Days on Market

6.0% Longer YoY

Home Price Forecast

0.7%

Median Rent

$700

2.5% YoY Growth

1-Bed Rent

$600

12.6% YoY Growth

2-Bed Rent

$700

2.2% YoY Growth

3-Bed Rent

$1,000

N/A

Home Price Trends — Salem, OH

As of Dec '25, the median home price in Salem, OH is $180,000, with a year-over-year change of 3.0%. This indicates that home prices in Salem, OH are increasing. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$180,000	3.0%
Single Family	$182,000	2.8%
Condos	$138,000	4.5%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Salem, OH

As of July '25, Rentcast reports the average rent in Salem, OH is $777, with a year-over-year rent change of 2.5%. Per bedroom, the median rent as of July '25 in Salem, OH is 1-bedrooms: $638, 2-bedrooms: $756, 3-bedrooms: $1,080. The most common rental property sizes in Salem, OH are 2-bedroom and 3-bedroom, accounting for 44.8% and 25.1% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$700	$777
Studio Rent	N/A	N/A
1 Bed Rent	$600	$638
2 Bed Rent	$700	$756
3 Bed Rent	$1,000	$1,080
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

4.2%

1 Bedroom

16.9%

2 Bedrooms

44.8%

3 Bedrooms

25.1%

4 Bedrooms

6.8%

5+ Bedrooms

2.3%

Property Listings — Salem, OH

As of Dec '25, Realtor.com reports that the median days on market for a home in Salem, OH is 43. This is a increase of 9.0% 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 19.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$243,000	16.0%
Listing Count	74	30.0%
Listings as % of Homes	0.6%	30.0%
Days on Market	66	6.0%

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Demographics — Salem, OH

As of the latest ACS Survey released in 2023, Salem, OH has a population of 25,300, which has remained stable by 0.1% over the past 5 years. Salem, OH is a moderately popular place for families, as children make up 18.9% of the population. The area has a poorly educated workforce, with 20.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.5% reporting working from home.

Metric	Latest Census	YoY % Change
Population	25,300	0.1%
% Under 18	18.9%	-8.3%
% Seniors	21.6%	0.9%
% WFH	6.5%	85.7%
% w/ College Degree	20.0%	5.8%

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As of the latest ACS Survey released in 2023, Salem, OH is a predominantly white area, with 96.4% of the population identifying as white. The white population has grown by 1.7% in the last 5 years. The second most common race or ethnicity in Salem, OH is hispanic, making up 0.8% of the population. Foreign-born residents account for 1.0% of the population in Salem, OH, and this percentage has decreased by 44.4% 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	96.4%	1.7%
% Black	0.5%	-28.6%
% Hispanic	0.8%	-75.0%
% Asian	0.2%	0.0%
% Foreign Born	1.0%	-44.4%

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Mortgage and Risk — Salem, OH

According to HUD data as of 2023, there were 500 mortgage originations in Salem, OH, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Salem, OH. Investor activity is low, as 3.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	500
% Conventional Loans	76.0%
% Government Loans	24.0%
% Investor Loans	3.0%
% Second Loans	0.0%
% Cash Out Refinance	11.0%

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Rentals and Section 8 — Salem, OH

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

Section 8 Market Size

Total Units under HUD	376
Total Units Section 8	376
% Rentals under Section 8	12.9%
% Occupied Section 8	81.3%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$110	$600	$710
2 Bedroom	$190	$700	$890
3 Bedroom	$120	$1,000	$1,120
4 Bedroom	N/A	N/A	$1,190

Salem, OH—44460

Key Metrics at a Glance

Home Price Trends — Salem, OH

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Salem, OH

% of Rental Stock

Property Listings — Salem, OH

Demographics — Salem, OH

Race and Ethnicity

Mortgage and Risk — Salem, OH

Mortgages

Rentals and Section 8 — Salem, OH

Section 8 Market Size

Section 8 Opportunity

Affordability — Salem, OH

Home Price to Income Ratio

Salem, OH — ZIP Code Boundary Map

Nearby ZIP Codes

Winona

Damascus

Washingtonville, OH

Sebring, OH

Leetonia, OH

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.6
Median Home Price	$180,000
Median Household Income	$59,900

Salem, OH—44460

Key Metrics at a Glance

Home Price Trends — Salem, OH

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Salem, OH

% of Rental Stock

Property Listings — Salem, OH

Demographics — Salem, OH

Race and Ethnicity

Mortgage and Risk — Salem, OH

Mortgages

Rentals and Section 8 — Salem, OH

Section 8 Market Size

Section 8 Opportunity

Affordability — Salem, OH

Home Price to Income Ratio

Salem, OH — ZIP Code Boundary Map

Nearby ZIP Codes

Winona

Damascus

Washingtonville, OH

Sebring, OH

Leetonia, OH

Frequently Asked Questions

What is the average home price in Salem, OH 44460?

How have home prices in Salem, OH 44460 changed over the past year?

What is the home price projection for Salem, OH 44460?

What are the demographics of Salem, OH 44460?

How long does it take homes to sell in Salem, OH 44460?

What is the average rent price in Salem, OH 44460?