Similar to its nearby areas, it's significantly less expensive compared to the entire nation. Compared to the city of Clarksville, it's substantially less expensive.
Home prices
The value of the median home in Salem is $78,100. In comparison to its surrounding areas it is roughly $1,380 (1%) lower.In comparison to the entire country it is about $139,400 (64%) lower, and compared to the city of Clarksville it is roughly $76,200 (49%) lower.
Rents
The median rent in Salem is $558 a month. It is roughly $45 (8%) higher compared to its surrounding areas.It is approximately $504 (47%) lower compared to the rest of the nation, and is approximately $403 (41%) lower in comparison to the city of Clarksville.
Nearby places
Marion
Marion is approximately 9 miles northeast from Salem. Real estate prices there are a bit less expensive. Marion's median home value is $69,800, which comes out to $8,300 (11%) lower than Salem. Its rents are a bit less expensive. The median rent in Marion is $497 per month, which works out to $61 (12%) lower than Salem.
Fredonia
Fredonia is about 9 miles southeast from Salem. The housing prices there are pretty similar. The median home in Fredonia costs $77,500, which is very similar to Salem. The rent there is a bit more expensive. The median monthly rent in Fredonia is $645, which works out to $87 (13%) higher than Salem.
Smithland
Smithland is roughly 11 miles southwest of Salem. The real estate prices there are substantially more expensive. The median home in Smithland costs $132,500, which comes out to $54,400 (41%) higher than Salem. Rents there are a bit more expensive. The median monthly rent in Smithland is $768, which is $210 (27%) higher than Salem.
Rosiclare
Rosiclare is roughly 12 miles northwest from Salem. Its real estate prices are a lot less expensive. Rosiclare's median home cost is $51,300, which comes out to $26,800 (52%) lower than Salem. The rent there is significantly less expensive. In Rosiclare the median monthly rent is $401, which works out to $157 (39%) lower than Salem.
Elizabethtown
Elizabethtown is about 13 miles north from Salem. Its real estate prices are a little less expensive. The median home in Elizabethtown costs $66,300, which comes out to $11,800 (17%) lower than Salem. The rent there is substantially less expensive. In Elizabethtown the median rent is $253 per month, which is $305 (120%) lower than Salem.
