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Advertise here →Salem, VA · Houses & Market Data
Salem, Virginia houses and real estate market data.
Houses in Salem, VA (Salem city) — Census median home value $244,800, county listing prices up about 3.2% over the past year. Market data for Salem houses and the broader area.
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Salem, VA is in Salem city, Virginia — this guide covers houses in Salem and the whole local market: resale homes, condos, land, and new construction. The most recent Census estimate puts the population at 25,477, with a median household income of $66,716. Census data puts the median value of houses in Salem at $244,800.
Info from government sites and builders may have provided source info.
Market overview
Salem housing market
Salem is in Salem city, Virginia. Manifest Census and county price-trend data provide baseline context for houses in Salem and the surrounding county market.
Median home value (Census ACS)
$244,800
Population (Census ACS)
25,477
Median household income
$66,716
County price trend (2025)
3.16% YoY
Population, income, and median home value from the project batch manifest (Census ACS 2023 5-year). County price trend from FHFA county HPI when present in the manifest row.
At a glance
Salem market snapshot
Population
25,477
County
Salem city
Median Household Income
$66,716
Median Home Value (city)
$244,800
Median Gross Rent
$1,046/mo
Price Trend (YoY)
+3.2%
Market data compiled from public sources; deemed reliable but not guaranteed; verify independently. See About
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What makes Salem different
Home Value, By Source
The Census Bureau's American Community Survey (2023 5-year estimate) puts Salem's median home value — across all owner-occupied homes, not just recent sales — at $244,800.
County Price Trend
Salem city's FHFA house price index shows a 3.16% annual change in 2025.
Population & Income
Salem has an estimated population of 25,477 and a median household income of $66,716, per the Census Bureau's American Community Survey (2023 5-year estimate).
Affordability Snapshot
Salem's Census-reported median home value works out to about 3.7x the area's median household income, and median gross rent runs roughly 19% of that same income on an annualized basis. Housing economists commonly flag a price-to-income ratio above 4x as historically elevated -- useful context, not a personal affordability verdict.
Nearby
Places around Salem
County guide: Salem City — cities, market context, and local resources for the county that includes Salem.
USAHouses.com also helps visitors looking in nearby Salem city and other Virginia communities. Some locations may not yet have dedicated pages, but many licensed professionals in this region assist surrounding communities.
More Virginia cities with market guides: Virginia Beach, Chesapeake, Arlington, Norfolk, Newport News, Alexandria, Hampton, Roanoke.
Virginia Beach market data
Same-state city guide
Chesapeake market data
Same-state city guide
Arlington market data
Same-state city guide
Norfolk market data
Same-state city guide
Newport News market data
Same-state city guide
Alexandria market data
Same-state city guide
Hampton market data
Same-state city guide
Roanoke market data
Same-state city guide
Adjacent-county Census places with USAHouses.com pages: Glenvar (~4.0 mi), Cave Spring (~4.8 mi), Roanoke (~5.4 mi), Hollins (~7.0 mi), Vinton (~9.2 mi), Cloverdale (~9.7 mi), Daleville (~11.8 mi), Laymantown (~12.0 mi), Troutville (~13.3 mi), Blue Ridge (~14.4 mi), New Castle (~15.2 mi), Fincastle (~17.9 mi), Buchanan (~25.8 mi), Eagle Rock (~28.6 mi), Glen Wilton (~34.9 mi).
New construction: New homes near Salem (Virginia Beach) · Virginia new construction.
Census & home facts
Salem data from published sources
Population (ACS 2023)
25,477
Median home value (ACS 2023)
$244,800
Median household income (ACS 2023)
$66,716
Median gross rent (ACS 2023)
$1,046
County FHFA annual change (2025)
3.16%
Census place type
city
County
Salem City
Land area (Census Gazetteer 2024)
14.52 sq mi
Census GEOID
5170000
Census ACS, FHFA, and FRED figures are labeled with the year present in existing CSVs. Subject to change / confirm locally.
NewUSAHouses.com communities
Closest verified new-home communities near Salem
Availability and pricing are controlled by the builder and may change; confirm with the builder.
Steelton Mill ↗
Ryan Homes · Salem, Virginia · ~1.4 mi · from $354,990
The Ridge at Fairway Forest ↗
Ryan Homes · Roanoke, Virginia · ~1.4 mi · from $354,990
Keagy ↗
Ryan Homes · Roanoke, Virginia · ~2.2 mi · from $374,990
Wilton South Roanoke ↗
Ryan Homes · Roanoke, Virginia · ~6.6 mi · from $719,990
Walnut Creek Towns ↗
Ryan Homes · Christiansburg, Virginia · ~19.5 mi · from $249,990
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Common questions
Salem FAQ
What are houses worth in Salem, VA?
The Census Bureau's American Community Survey puts the median value of houses in Salem at $244,800.
How much do houses cost in Salem, VA?
For owner-occupied houses in Salem, Census ACS data shows a median value of $244,800. Active listing prices in Salem city may differ — see the market snapshot above.
What types of houses are in Salem, VA?
Salem houses include resale single-family homes, condos, mobile homes, and small multi-unit buildings, plus new construction in surrounding Salem city communities where builders are active. The housing-stock section below uses Census ACS structure counts when available for this city.
What is the population of Salem, VA?
The U.S. Census Bureau's American Community Survey (2023 5-year estimate) puts Salem's population at approximately 25,477.
What's the median rent in Salem, VA?
The Census ACS estimates median gross rent in Salem at approximately $1,046 per month.
What is the median household income in Salem, VA?
Census ACS data puts the median household income in Salem at approximately $66,716.
Is the Salem housing market growing?
Salem city's FHFA house price index shows a 3.16% annual change in 2025.
Is Salem, VA affordable relative to income?
Census ACS data puts Salem's median home value at about 3.7 times the median household income, with median gross rent equal to roughly 19% of that income annually. This is a general benchmark, not a personal pre-qualification -- your own income, debt, and down payment determine what you can actually afford.
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