Housing & Real Estate — Salem, Massachusetts
Overview
| Total Housing Units | 21,000 |
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| Occupied | 19,789 |
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| Vacant | 1,211 |
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| Owner-Occupied | 10,163 |
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| Renter-Occupied | 9,626 |
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| Median Home Value (Census) | $542,800 |
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| Estimated 2026 | ~$665,000 |
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| Median Rent | $1,800/mo |
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| Median Property Tax | $6,114/yr |
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Affordability
| Home Price to Income Ratio | N/Ax |
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| Home Affordability | N/A |
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| Rent as % of Income | N/A% |
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| Severely Rent-Burdened | 44.1% |
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Housing Age
| Built 2010 or later | 872 |
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| Built 2000-2009 | 1,525 |
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| Built 1990-1999 | 577 |
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| Built before 1960 | 13,079 |
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| Median Year Built | 1940 |
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Sources: Census ACS 5-Year 2023; Census ACS 5-Year 2023, B25077; HUD FMR FY2026.
