Single-family Homes in Salem, OH

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Salem, OH Foreclosures

How much do homes sell for in Salem, OH?
The average home price is currently $186,425.
In Salem, OH, how many homes are available?
There are currently 9,074 active home listings available in Salem.
What’s the average rental cost in Salem, OH?
The average rental price in Salem is $1,117.
What is the most expensive home in Salem, Ohio?
The most expensive home sold in Salem had a price of $4,144,473.
What is currently the cheapest priced home in Salem, OH?
The cheapest home for sale in Salem is priced at $14,420.

Home Value Estimator For Salem, OH

There are currently 9,074 real estate properties in Salem, OH, with a median automated valuation model (AVM) price of $157,401.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Salem, OH, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Salem, OH, is $186,425.00, with the most expensive house in Salem, OH, topping out at $4,144,473.00 and the cheapest home in Salem, OH, clocking in at $14,420.00. In other words, there’s something for every potential homebuyer or savvy investor in Salem, OH!

Rent Prices In Salem, OH

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Salem, OH, is on a rollercoaster ride. The average rent price in Salem, OH, is $1,117.00. Indeed, when looking to rent in Salem, OH, you can expect to pay as little as $560.00 or as much as $1,980.00, with the average rent median estimated to be $1,080.00. The good news is that finding an affordable and desirable property to rent in Salem, OH -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Top Reasons To Live In Salem, OH In 2024

Salem is located in Columbiana, Ohio, with an estimated municipal population of 11,612 residents. All of the best foreclosed homes for sale in Salem are located in the following zip code areas on 44460. The estimated population per square kilometer (.62 miles) in Salem is 697.

Cost Of Living In Salem, OH

So, about how much do homes cost in Salem? The most recent median value of resident-owned homes in Salem is 96,956. An estimated 56.2 percent of households in Salem own their homes, with an average family size of 3.05. The median household income in Salem is 40,134, with15.7 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Salem, the median commute time of resident workers (in minutes) is 19.1. And last, but certainly not least, are you looking for homes to rent in Salem? If so, the average rent price paid by renters in Salem is 677, according to recent statistics.

Diversity And Demographics In Salem, Ohio

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Salem, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Salem is 40, split between 48.7 percent male versus 51.3 female. The percentage of residents who report being married in Salem is 45.5, with an average family size of 3.05.

The percentage of residents who report their race in Salem is as follows:

White 93.2%
Black / African American 1.9%
Asian 0%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 1.6%
Other 3.3%

Looking for family-friendly neighborhoods in and/or near Salem? Or maybe you are searching for 55+ active adult communities in and/or near Salem?

The percentage of residents who report their age in Salem is as follows:

Under 10 14.3%
Aged 10-19 10.7%
20s 12.1%
30s 13%
40s 11.5%
50s 14.3%
60s 11.5%
70s 5.8%
80+ 6.8%

Best Schools In Salem, Ohio

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Salem with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Salem.

Pros And Cons Of Living In Salem, Ohio

How do you know that living in -- or moving to -- Salem is right where you need to be? Perhaps you grew up in Salem or already live nearby; therefore, the decision to buy a home in Salem is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Salem for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Salem:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Salem.

Reasons To Move To Salem, Ohio, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Salem can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Salem, meanwhile, can field multiple offers from more qualified buyers.

Salem, OH Single-family Homes Foreclosures


Listing types in Salem, OH

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