Home prices
The median home in Salem is valued at $60,000. Compared to its surrounding areas it is roughly $30,700 (33%) lower.Compared to the entire nation it is roughly $157,500 (72%) lower, and compared to the city of Cedar Rapids is about $81,800 (57%) lower.
Rents
The median monthly rent in Salem is $645. In comparison to other places in this area this is approximately $51 (7%) lower.Compared to the entire country it is about $417 (39%) lower, and is approximately $122 (15%) lower compared to the city of Cedar Rapids.
Nearby places
Hillsboro
Hillsboro is approximately 4 miles west of Salem. Housing prices there are a lot less expensive. The price of the median home in Hillsboro is $33,800, which is $26,200 (77%) lower than Salem. Its rents are fairly similar. Hillsboro's median rent is $650 per month, which is very similar to Salem.
Houghton
Houghton is approximately 4 miles south of Salem. The housing prices there are substantially more expensive. The median home in Houghton is valued at $137,500, which is $77,500 (56%) higher than Salem. Rent there is somewhat less expensive. In Houghton the median monthly rent is $550, which is $95 (17%) lower than Salem.
St. Paul
St. Paul is approximately 7 miles southeast of Salem. The housing prices there are substantially more expensive. The cost of the median home in St. Paul is $143,800, which works out to $83,800 (58%) higher than Salem. Rents there are a bit more expensive. St. Paul's median monthly rent is $688, which comes out to $43 (6%) higher than Salem.
Mount Pleasant
Mount Pleasant is approximately 8 miles northeast from Salem. Real estate prices there are substantially more expensive. The median home in Mount Pleasant is valued at $116,500, which comes out to $56,500 (48%) higher than Salem. The rent there is somewhat more expensive. In Mount Pleasant the median monthly rent is $691, which comes out to $46 (6%) higher than Salem.
Rome
Rome is approximately 9 miles north of Salem. Real estate prices there are substantially less expensive. The median home in Rome costs $21,900, which works out to $38,100 (173%) lower than Salem. The rent there is somewhat more expensive. In Rome the median monthly rent is $900, which is $255 (28%) higher than Salem.
