Home prices
The median home in Salem is valued at $181,900. It is roughly $11,540 (6%) higher in comparison to its nearby areas.Compared to the country as a whole it is roughly $35,600 (16%) lower, and in comparison to the city of Greensboro is about $25,600 (16%) higher.
Rents
Salem's median rent is $913 a month. This is approximately $10 (1%) higher in comparison to its surrounding areas.It is approximately $149 (14%) lower in comparison to the entire nation, and it is about $36 (4%) higher compared to the city of Greensboro.
Nearby places
Glenvar
Glenvar is Salem's neighbor to the west. Its real estate prices are pretty similar. The median home in Glenvar is valued at $180,000, which works out to $1,900 (1%) lower than Salem. The rent there is a little more expensive. Glenvar's median monthly rent is $1,044, which works out to $131 (12%) higher than Salem.
Roanoke
Roanoke is Salem's neighbor to the east. The real estate prices there are significantly less expensive. The median home in Roanoke costs $135,100, which comes out to $46,800 (34%) lower than Salem. Its rents are a bit less expensive. In Roanoke the median rent is $814 a month, which is $99 (12%) lower than Salem.
Cave Spring
Cave Spring is Salem's neighbor to the southeast. Its housing prices are a bit more expensive. Cave Spring's median home value is $215,500, which comes out to $33,600 (15%) higher than Salem. The rent there is somewhat more expensive. Cave Spring's median monthly rent is $992, which works out to $79 (7%) higher than Salem.
Hollins
Hollins is roughly 6 miles northeast from Salem. The housing prices there are a bit less expensive. The median home in Hollins costs $173,200, which is $8,700 (5%) lower than Salem. Rents there are pretty similar. Hollins's median rent is $939 a month, which is $26 (2%) higher than Salem.
Vinton
Vinton is approximately 8 miles east of Salem. Its housing prices are somewhat less expensive. The median home cost in Vinton is $148,000, which works out to $33,900 (22%) lower than Salem. Rent there is somewhat less expensive. In Vinton the median rent is $725 per month, which comes out to $188 (25%) lower than Salem.
