Home prices
The median home price in Salem is $78,500. It is approximately $27,960 (55%) higher compared to its surrounding areas.In comparison to the United States as a whole it is about $139,000 (63%) lower, and is roughly $60,200 (43%) lower compared to the city of St. Louis.
Rents
The median rent in Salem is $620 a month. In comparison to the surrounding areas it is roughly $20 (3%) higher.It is roughly $442 (41%) lower compared to the US as a whole, and in comparison to the city of St. Louis is roughly $208 (25%) lower.
Nearby places
Odin
Odin is about 4 miles west from Salem. The housing prices there are significantly less expensive. The cost of the median home in Odin is $54,100, which is $24,400 (45%) lower than Salem. Its rents are a little more expensive. The median rent in Odin is $657 per month, which comes out to $37 (5%) higher than Salem.
Alma
Alma is approximately 6 miles north of Salem. Housing prices there are significantly less expensive. The median home cost in Alma is $46,900, which comes out to $31,600 (67%) lower than Salem. The rent there is significantly less expensive. Alma's median rent is $388 per month, which is $232 (59%) lower than Salem.
Sandoval
Sandoval is approximately 7 miles west of Salem. Its real estate prices are substantially less expensive. The value of the median home in Sandoval is $48,400, which comes out to $30,100 (62%) lower than Salem. Rents there are a little less expensive. Sandoval's median rent is $549 a month, which comes out to $71 (12%) lower than Salem.
Iuka
Iuka is about 8 miles east of Salem. The housing prices there are significantly less expensive. The value of the median home in Iuka is $52,300, which comes out to $26,200 (50%) lower than Salem. Its rents are somewhat more expensive. In Iuka the median monthly rent is $700, which is $80 (11%) higher than Salem.
Junction City
Junction City is about 8 miles southwest of Salem. Its real estate prices are substantially less expensive. Junction City's median home price is $51,000, which is $27,500 (53%) lower than Salem. Rent there is a bit more expensive. Junction City's median rent is $708 per month, which is $88 (12%) higher than Salem.
