The median home in Salem, Virginia is valued at $296,170, up 3.3% year over year. Typical monthly rent is $1,454, producing a price-to-rent ratio of 17x — near the national average of 18x. Salem is part of the Roanoke, VA metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.
See the full metro analysis: Roanoke, VA stress score, crash risk, and 12-month forecast →
Home Value$296,170
+3.3%
Rent$1,454/mo
AFFORDABILITYRenting $379/mo cheaper ($1,454 rent)6.50% 30yr, 20% down, county tax + VA ins. 28% per HUD.
Enter your income for Salem.
$59,234 on $296,170
Stretch — 29.3% of income
Above 28% but manageable with cuts.
PITI$1,833
P/I29.3%
Afford$283K
Gap-$13K
P&I $1,498Tax $202Ins $133
Home Buying Kit For Dummies (2025)Financing, negotiation, closing
Other cities in Virginia
Compare Salem with other housing markets across Virginia.
Full Roanoke, VA analysis
Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Roanoke, VA metro.
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