Median home value: $593K (+1.1% YoY). Rent: $2,632/mo. Price-to-rent: 18.8x. Part of Boston-Cambridge-Newton, MA-NH.
Limited Data
Basic Zillow data only. For stress scores, AI analysis, and trends, Boston-Cambridge-Newton, MA-NH metro page.
Home Value$592,554
+1.1%
Rent$2,632/mo
AFFORDABILITYRenting $953/mo cheaper ($2,632 rent)6.00% 30yr, 20% down, county tax + MA ins. 28% per HUD.
Enter your income for Salem.
$118,511 on $592,554
Out of reach — 57.4% of income
Need $153,643/yr to afford.
PITI$3,585
P/I57.4%
Afford$289K
Gap-$303K
P&I $2,842Tax $593Ins $150
Home Buying Kit For Dummies (2025)Financing, negotiation, closing