The median home in Salem, New Jersey is valued at $222,035, up 0.8% year over year. Typical monthly rent is $1,550, producing a price-to-rent ratio of 11.9x — below the national average of 18x. Salem is part of the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

Home Value$222,035

+0.8%

Rent$1,550/mo

Prices rising — worse for buyers.

Affordability

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Income (annual)

Down Payment

$44,407 on $222,035

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

Affordable27.1% of income

Under the 28% guideline.

PITI$1,696

P/I27.1%

Afford$229K

Room+$7K

P&I $1,123Tax $457Ins $117

Renting $146/mo cheaper ($1,550 rent)6.50% 30yr, 20% down, county tax + NJ ins. 28% per HUD.

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

Other cities in New Jersey

Compare Salem with other housing markets across New Jersey.

Deal$4.21M Alpine$2.96M Loch Arbour$2.88M Avalon$2.63M Stone Harbor$2.48M Bay Head$2.36M Sea Girt$2.3M Short Hills$2.26M

Full Philadelphia-Camden-Wilmington, PA-NJ-DE-MD analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD metro.

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Salem, NJ