Home prices
The median home in Salem is valued at $107,700. In comparison to its nearby areas it is roughly $14,500 (15%) higher.It is approximately $109,800 (50%) lower in comparison to the nation as a whole, and compared to the city of Sioux Falls it is roughly $82,100 (43%) lower.
Rents
In Salem the median rent is $766 per month. This is roughly $204 (36%) higher compared to its surrounding areas.Compared to the US as a whole it is about $296 (27%) lower, and it is approximately $61 (7%) lower in comparison to the city of Sioux Falls.
Nearby places
Montrose
Montrose is about 8 miles east of Salem. The housing prices there are a bit less expensive. The median home in Montrose costs $98,800, which works out to $8,900 (9%) lower than Salem. Rent there is significantly less expensive. The median rent in Montrose is $405 per month, which comes out to $361 (89%) lower than Salem.
Canistota
Canistota is about 9 miles southeast from Salem. Its real estate prices are a little less expensive. The median home in Canistota costs $90,500, which works out to $17,200 (19%) lower than Salem. Rents there are substantially less expensive. In Canistota the median rent is $544 a month, which works out to $222 (40%) lower than Salem.
Bridgewater
Bridgewater is about 12 miles southwest from Salem. Real estate prices there are significantly less expensive. The median home in Bridgewater is valued at $57,100, which works out to $50,600 (88%) lower than Salem. Its rents are a lot less expensive. In Bridgewater the median rent is $450 a month, which works out to $316 (70%) lower than Salem.
Emery
Emery is roughly 12 miles southwest from Salem. The real estate prices there are a bit less expensive. The median home value in Emery is $95,800, which is $11,900 (12%) lower than Salem. The rent there is a bit less expensive. Emery's median rent is $725 per month, which works out to $41 (5%) lower than Salem.
Humboldt
Humboldt is about 14 miles east of Salem. The housing prices there are a bit more expensive. Humboldt's median home value is $123,800, which works out to $16,100 (13%) higher than Salem. The rent there is somewhat less expensive. Humboldt's median monthly rent is $684, which works out to $82 (11%) lower than Salem.
