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.

See the full metro analysis: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD stress score, crash risk, and 12-month forecast →

Home Value$222,035

+0.8%

Rent$1,550/mo

AFFORDABILITY

Enter your income for Salem.

Income (annual)

Down Payment

$44,407 on $222,035

Affordable — 27.1% 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$4213K Alpine$2955K Loch Arbour$2880K Avalon$2630K Stone Harbor$2477K Bay Head$2362K Sea Girt$2305K Short Hills$2258K

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.

View Philadelphia-Camden-Wilmington, PA-NJ-DE-MD metro →

SALEM, NJ