Home prices
Salem's median home price is $77,300. In comparison to nearby areas this is about $5,620 (6%) lower.In comparison to the entire country it is approximately $140,200 (64%) lower, and in comparison to the city of Jefferson City is approximately $70,500 (47%) lower.
Rents
Salem's median monthly rent is $508. In comparison to its nearby areas this is roughly $124 (19%) lower.It is roughly $554 (52%) lower compared to the nation as a whole, and is about $126 (19%) lower in comparison to the city of Jefferson City.
Nearby places
Edgar Springs
Edgar Springs is roughly 16 miles west of Salem. Real estate prices there are a little less expensive. The median home in Edgar Springs costs $72,000, which is $5,300 (7%) lower than Salem. Its rents are a lot more expensive. The median rent in Edgar Springs is $936 per month, which is $428 (45%) higher than Salem.
Licking
Licking is roughly 18 miles southwest from Salem. Housing prices there are a bit more expensive. The median home in Licking costs $88,900, which is $11,600 (13%) higher than Salem. Rent there is a little more expensive. In Licking the median rent is $578 a month, which comes out to $70 (12%) higher than Salem.
Viburnum
Viburnum is approximately 19 miles east from Salem. Its real estate prices are fairly similar. The median home in Viburnum is valued at $73,700, which is $3,600 (4%) lower than Salem. Its rents are somewhat more expensive. The median monthly rent in Viburnum is $668, which works out to $160 (23%) higher than Salem.
Bunker
Bunker is roughly 19 miles southeast of Salem. Real estate prices there are a lot less expensive. Bunker's median home cost is $48,900, which is $28,400 (58%) lower than Salem. Its rents are significantly less expensive. The median monthly rent in Bunker is $241, which is $267 (110%) lower than Salem.
Rolla
Rolla is roughly 23 miles northwest of Salem. The real estate prices there are significantly more expensive. The value of the median home in Rolla is $131,100, which is $53,800 (41%) higher than Salem. Its rents are somewhat more expensive. Rolla's median rent is $737 a month, which is $229 (31%) higher than Salem.
