Salem, Salem County, NJ Housing Trends, Rent, Price-to-Rent

Market Summary

Salem, Salem County, NJ

Median Home Price Price

$223,599 $223.6K

Median Monthly Rent Rent

$1,419 $1.4K

GRM

13.0x

GRM = Median Home Price divided by annual rent.

Price = Median Home Price.

Rent = Median Monthly Rent.

Trend Insights

Median Rent in Salem, NJ is $1,419, with MoM change +$13 and YoY change +$90 pointing to positive momentum while volatility is low (std $20).

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Metric

Base market Salem, NJ

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Delta vs base

Median rent

$1,419

N/A

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Median price

$223,599

N/A

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YoY change

+$90

N/A

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Price-to-rent

13.1x

Data unavailable

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