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.

Home Value$296,170

+3.3%

Rent$1,454/mo

Prices rising — worse for buyers.

Affordability

Enter your income for Salem.

Income (annual)

Down Payment

$59,234 on $296,170

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

Stretch29.3% of income

Above 28% but manageable with cuts.

PITI$1,833

P/I29.3%

Afford$283K

Gap-$13K

P&I $1,498Tax $202Ins $133

Renting $379/mo cheaper ($1,454 rent)6.50% 30yr, 20% down, county tax + VA ins. 28% per HUD.

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

Other cities in Virginia

Compare Salem with other housing markets across Virginia.

Great Falls$1.63M McLean$1.42M Waterford$1.28M Dunn Loring$1.19M Upperville$1.14M Vienna$1.13M Middleburg$1.11M Aldie$1.08M

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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Salem, VA