The median home in Salem, Massachusetts is valued at $592,554, up 1.1% year over year. Typical monthly rent is $2,632, producing a price-to-rent ratio of 18.8x — near the national average of 18x. Salem is part of the Boston-Cambridge-Newton, MA-NH metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

See the full metro analysis: Boston-Cambridge-Newton, MA-NH stress score, crash risk, and 12-month forecast →

Home Value$592,554

+1.1%

Rent$2,632/mo

AFFORDABILITY

Enter your income for Salem.

Income (annual)

Down Payment

$118,511 on $592,554

Out of reach — 59.8% of income

Need $160,243/yr to afford.

PITI$3,739

P/I59.8%

Afford$277K

Gap-$315K

P&I $2,996Tax $593Ins $150

Renting $1,107/mo cheaper ($2,632 rent)6.50% 30yr, 20% down, county tax + MA ins. 28% per HUD.

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

Other cities in Massachusetts

Compare Salem with other housing markets across Massachusetts.

Nantucket$2970K Chilmark$2283K Weston$2182K Wellesley$1946K Edgartown$1773K Aquinnah$1729K Dover$1715K West Tisbury$1597K

Full Boston-Cambridge-Newton, MA-NH analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Boston-Cambridge-Newton, MA-NH metro.

View Boston-Cambridge-Newton, MA-NH metro →

SALEM, MA