The housing market in Lower Salem, OH is doing very well compared to the US average. The median value of homes in the area is $130,900, which is much lower than the US median value of $338,100. The appreciation rate for homes in Lower Salem over the past year was 10.99%, which is significantly higher than the 8.27% appreciation rate seen nationwide. This indicates that real estate in Lower Salem is a great investment and should be considered by anyone looking for a new home or an investment opportunity.
The median home cost in Lower Salem is $130,900. Home appreciation the last 10 years has been 70.8%. Home Appreciation in Lower Salem is up 14.3%.
Average Age of Homes
- The median age of Lower Salem real estate is 78 years old
The Rental Market in Lower Salem
- Renters make up 24.1% of the Lower Salem population
- 0.0% of houses and apartments in Lower Salem, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.