The median home in Salem, Connecticut is valued at $440,654, up 5.5% year over year. Salem is part of the Norwich-New London, CT metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

Home Value$440,654

+5.5%

Prices rising — worse for buyers.

Affordability

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Income (annual)

Down Payment

$88,131 on $440,654

Example: $75,000 household income. Change it above to see your own.

Out of reach50.7% of income

Need $135,771/yr to afford.

PITI$3,168

P/I50.7%

Afford$243K

Gap-$197K

P&I $2,228Tax $790Ins $150

6.50% 30yr, 20% down, county tax + CT ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Connecticut

Compare Salem with other housing markets across Connecticut.

Darien$2.24M Greenwich$2.19M New Canaan$2.03M Westport$1.9M Weston$1.3M Wilton$1.18M Washington$998K Ridgefield$945K

Full Norwich-New London, CT analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Norwich-New London, CT metro.

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Salem, CT