Salem, TX—75785
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Salem, TX
As of Oct '25, the median home price in Salem, TX is $208,000, with a year-over-year change of -6.2%. This indicates that home prices in Salem, TX are decreasing. According to Zillow, the 1-year price projection is -0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $208,000 | -6.2% |
| Single Family | $209,000 | -7.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $146,000 | -7.0% |
3 Bed | $213,000 | -7.4% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Salem, TX
As of July '25, Rentcast reports the average rent in Salem, TX is $850, with a year-over-year rent change of -29.8%. Per bedroom, the median rent as of July '25 in Salem, TX is 1-bedrooms: $575, 3-bedrooms: $1,400. The most common rental property sizes in Salem, TX are 2-bedroom and 3-bedroom, accounting for 53.5% and 36.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $656 | $850 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $494 | $575 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,400 | $1,400 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Salem, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Salem, TX is 77. This is a increase of 28.0% 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 12.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $200,000 | -17.0% |
Listing Count | 65 | 48.0% |
| Listings as % of Homes | 0.8% | 48.0% |
Days on Market | 77 | 28.0% |
Demographics — Salem, TX
As of the latest ACS Survey released in 2023, Salem, TX has a population of 10,800, which has decreased by -4.4% over the past 5 years. Salem, TX is a moderately popular place for families, as children make up 19.2% of the population. The area has a poorly educated workforce, with 12.2% 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 | 10,800 | -4.4% |
% Under 18 | 19.2% | -11.9% |
% Seniors | 17.0% | 15.6% |
% WFH | 11.2% | 330.8% |
% w/ College Degree | 12.2% | -16.4% |
As of the latest ACS Survey released in 2023, Salem, TX is a predominantly white area, with 57.1% of the population identifying as white. The white population has shrunk by 14.0% in the last 5 years. The second most common race or ethnicity in Salem, TX is black, making up 22.0% of the population. Foreign-born residents account for 5.5% of the population in Salem, TX, and this percentage has decreased by 12.7% 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 | 57.1% | -14.0% |
% Black | 22.0% | 44.7% |
% Hispanic | 16.2% | 12.5% |
% Asian | 0.7% | -30.0% |
% Foreign Born | 5.5% | -12.7% |
Mortgage and Risk — Salem, TX
According to HUD data as of 2023, there were 144 mortgage originations in Salem, TX, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 82.0%, with 42.0% above 90% LTV (very high). This implies large mortgage risk in Salem, TX. Investor activity is low, as 5.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 144 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 5.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Salem, TX
Salem, TX lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 40 |
Total Units Section 8 | 39 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 67.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $216 | $494 | $710 |
| 2 Bedroom | N/A | N/A | $930 |
| 3 Bedroom | -$90 | $1,400 | $1,310 |
| 4 Bedroom | N/A | N/A | $1,400 |
Affordability — Salem, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $208,000 |
| Median Household Income | $64,700 |