Home prices
The value of the median home in Salem is $82,500. Compared to other places in this area it is approximately $115,800 (58%) lower.In comparison to the rest of the country it is approximately $135,000 (62%) lower, and it is roughly $80,500 (49%) lower in comparison to the city of Philadelphia.
Rents
Salem's median rent is $869 per month. In comparison to nearby areas this is roughly $217 (19%) lower.Compared to the country as a whole it is approximately $193 (18%) lower, and compared to the city of Philadelphia is about $173 (16%) lower.
Nearby places
Alloway
Alloway is approximately 5 miles east of Salem. Housing prices there are a lot more expensive. Alloway's median home value is $202,400, which is $119,900 (59%) higher than Salem. The rent there is a little more expensive. Alloway's median rent is $1,042 a month, which is $173 (16%) higher than Salem.
Delaware City
Delaware City is approximately 5 miles west from Salem. Housing prices there are substantially more expensive. The median home in Delaware City is valued at $189,700, which works out to $107,200 (56%) higher than Salem. Its rents are a little more expensive. Delaware City's median monthly rent is $1,068, which comes out to $199 (18%) higher than Salem.
Pennsville
Pennsville is roughly 5 miles north of Salem. The housing prices there are significantly more expensive. The median home price in Pennsville is $153,700, which works out to $71,200 (46%) higher than Salem. Rents there are somewhat more expensive. In Pennsville the median rent is $1,014 per month, which is $145 (14%) higher than Salem.
New Castle
New Castle is roughly 8 miles northwest of Salem. Real estate prices there are substantially more expensive. The median home price in New Castle is $194,300, which is $111,800 (57%) higher than Salem. The rent there is significantly more expensive. In New Castle the median rent is $1,320 a month, which is $451 (34%) higher than Salem.
Woodstown
Woodstown is about 8 miles northeast from Salem. Its housing prices are a lot more expensive. The median home in Woodstown costs $251,400, which is $168,900 (67%) higher than Salem. Rents there are a bit more expensive. In Woodstown the median rent is $984 a month, which is $115 (11%) higher than Salem.
