Salem, Essex County, MA Housing Trends, Rent, Price-to-Rent

Market Summary

Salem, Essex County, MA

Median Home Price Price

$589,531 $589.5K

Median Monthly Rent Rent

$2,255 $2.3K

GRM

22.0x

GRM = Median Home Price divided by annual rent.

Price = Median Home Price.

Rent = Median Monthly Rent.

Trend Insights

Median Rent in Salem, MA is $2,255, with MoM change +$15 and YoY change +$109 pointing to positive momentum while volatility is low (std $24).

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Metric

Base market Salem, MA

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Delta vs base

Median rent

$2,255

N/A

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Median price

$589,531

N/A

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YoY change

+$109

N/A

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Price-to-rent

21.8x

Data unavailable

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