What is the average home price in Salem, KY 42078?

As of May '26, the median home price in Salem, KY 42078 is $114,000, based on Zillow home estimates.

How have home prices in Salem, KY 42078 changed over the past year?

As of May '26, home prices have decreased 18.0% over the past year, according to Zillow home estimates data.

What is the home price projection for Salem, KY 42078?

As of May '26, Zillow projects home prices in Salem, KY 42078 to increase 3.6% in the next year.

What are the demographics of Salem, KY 42078?

According to the latest Census, the demographics of Salem, KY 42078 are 95.1% White, 1.4% Black, 0.1% Asian, 2.5% Hispanic. The population is 1,720, with 20.6% under 18 years old.

How long does it take homes to sell in Salem, KY 42078?

According to Realtor.com, as of May '26, the median home in Salem, KY 42078 is on the market for 129 days. This is a decrease of 31.0% from last year.

What is the average rent price in Salem, KY 42078?

The average rent price in Salem, KY 42078, as of the latest data, is N/A. The average rent for 1 bedroom homes is N/A. For 2, 3, and 4 bedroom homes, the average rent is N/A, N/A, and N/A respectively.

Salem, KY 42078 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

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Salem, KY—42078

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$114,000

18.0% YoY Growth

Household Income

$48,200

47.0% YoY Growth

Days on Market

129

31.0% Shorter YoY

Home Price Forecast

3.6%

Median Rent

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Salem, KY

As of May '26, the median home price in Salem, KY is $114,000, with a year-over-year change of -18.0%. This indicates that home prices in Salem, KY are decreasing. According to Zillow, the 1-year price projection is 3.6%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$114,000	-18.0%
Single Family	$114,000	-17.4%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Salem, KY

Salem, KY lacks sufficient rental market data for analysis.

Type	Median Rent	Average Rent
Average Rent	N/A	N/A
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	N/A	N/A
3 Bed Rent	N/A	N/A
4 Bed Rent	N/A	N/A

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% of Rental Stock

1 Bedroom

23.1%

2 Bedrooms

42.9%

3 Bedrooms

30.8%

4 Bedrooms

3.3%

Property Listings — Salem, KY

As of May '26, Realtor.com reports that the median days on market for a home in Salem, KY is 129. This is a decrease of -31.0% 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	$879,000	365.0%
Listing Count	1	-81.0%
Listings as % of Homes	0.2%	-81.0%
Days on Market	129	-31.0%

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Demographics — Salem, KY

As of the latest ACS Survey released in 2023, Salem, KY has a population of 1,720, which has increased by 7.0% over the past 5 years. Salem, KY is a moderately popular place for families, as children make up 20.6% of the population. The area has a poorly educated workforce, with 10.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.3% reporting working from home.

Metric	Latest Census	YoY % Change
Population	1,720	7.0%
% Under 18	20.6%	-10.8%
% Seniors	32.1%	16.3%
% WFH	2.3%	228.6%
% w/ College Degree	10.1%	11.0%

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As of the latest ACS Survey released in 2023, Salem, KY is a predominantly white area, with 95.1% of the population identifying as white. The white population has shrunk by 1.2% in the last 5 years. The second most common race or ethnicity in Salem, KY is hispanic, making up 2.5% of the population. Foreign-born residents account for 0.1% of the population in Salem, KY, and this percentage has decreased by 66.7% 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	95.1%	-1.2%
% Black	1.4%	366.7%
% Hispanic	2.5%	127.3%
% Asian	0.1%	0.0%
% Foreign Born	0.1%	-66.7%

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Mortgage and Risk — Salem, KY

According to HUD data as of 2023, there were 26 mortgage originations in Salem, KY, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 86.0%, with 38.0% above 90% LTV (very high). This implies large mortgage risk in Salem, KY. Investor activity is low, as 15.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	26
% Conventional Loans	73.0%
% Government Loans	27.0%
% Investor Loans	15.0%
% Second Loans	8.0%
% Cash Out Refinance	12.0%

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Rentals and Section 8 — Salem, KY

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

Section 8 Market Size

Total Units under HUD	N/A
Total Units Section 8	N/A
% Rentals under Section 8	N/A
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$670
2 Bedroom	N/A	N/A	$870
3 Bedroom	N/A	N/A	$1,040
4 Bedroom	N/A	N/A	$1,190

Salem, KY—42078

Key Metrics at a Glance

Home Price Trends — Salem, KY

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Salem, KY

% of Rental Stock

Property Listings — Salem, KY

Demographics — Salem, KY

Race and Ethnicity

Mortgage and Risk — Salem, KY

Mortgages

Rentals and Section 8 — Salem, KY

Section 8 Market Size

Section 8 Opportunity

Affordability — Salem, KY

Home Price to Income Ratio

Salem, KY — ZIP Code Boundary Map

Nearby ZIP Codes

Burna, KY

Hampton, KY

Grand Rivers, KY

Birdsville, KY

Grand Rivers, KY

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.6
Median Home Price	$114,000
Median Household Income	$48,200