Median home value: $577K (+2.6% YoY). Rent: $2,760/mo. Price-to-rent: 17.4x. 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$577,483
+2.6%
Rent$2,760/mo
AFFORDABILITYRenting $1,159/mo cheaper ($2,760 rent)6.00% 30yr, 20% down, county tax + NH ins. 28% per HUD.
Enter your income for Salem.
$115,497 on $577,483
Out of reach — 62.7% of income
Need $167,957/yr to afford.
PITI$3,919
P/I62.7%
Afford$258K
Gap-$320K
P&I $2,770Tax $1,049Ins $100
Home Buying Kit For Dummies (2025)Financing, negotiation, closing