Salem, Lee County, AL Housing Trends, Rent, Price-to-Rent

Market Summary

Salem, Lee County, AL

Median Home Price Price

$308,613 $308.6K

Median Monthly Rent Rent

$1,308 $1.3K

GRM

20.0x

GRM = Median Home Price divided by annual rent.

Price = Median Home Price.

Rent = Median Monthly Rent.

Trend Insights

Median Rent in Salem, AL is $1,308, with MoM change +$14 and YoY change +$102 pointing to positive momentum while volatility is low (std $25).

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Metric

Base market Salem, AL

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Delta vs base

Median rent

$1,308

N/A

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Median price

$308,613

N/A

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YoY change

+$102

N/A

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Price-to-rent

19.7x

Data unavailable

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