Zip 24153 (Salem, VA) Housing

The housing market in 24153 Salem, VA is rapidly appreciating, with the median value of homes soaring to $241,600. This is significantly lower than the US House Median Value of $338,100, yet the one year House Appreciation rate for 24153 Salem is 15.80%, which is substantially higher than the US 1 year House Appreciation rate of 8.27%. This suggests that this area may be a good option for potential homebuyers and investors looking for a profitable investment opportunity.

The median home cost in Salem (zip 24153) is $241,600. Home appreciation the last 10 years has been 55.9%. Home Appreciation in Salem (zip 24153) is up 15.8%.

Average Age of Homes

- The median age of Salem (zip 24153) real estate is 45 years old

The Rental Market in Salem (zip 24153)

- Renters make up 24.4% of the Salem (zip 24153) population
- 2.1% of houses and apartments in Salem (zip 24153), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Salem, Virginia	United States
	16,329.0	139,647,020.0
	48	42
	$241,600	$338,100
	15.8%	16.6%
	48.0%	57.0%
	55.9%	101.1%
	$9.52	$10.98
	$2,006	$2,690
	65.8%	57.4%
	8.6%	11.2%
	25.6%	31.4%
Vacant Housing
	2.1%	1.9%
	0.0%	0.4%
	0.5%	0.7%
	0.4%	0.4%
	1.2%	3.6%
	4.4%	4.1%
Value of Owner-Occupied Housing
	1.4%	2.6%
	1.3%	2.4%
	0.5%	2.8%
	3.0%	3.9%
	2.8%	4.5%
	14.6%	11.3%
	22.5%	13.0%
	27.8%	20.1%
	14.3%	13.6%
	6.5%	8.3%
	3.7%	9.7%
	0.7%	3.9%
	0.5%	2.2%
	0.0%	0.8%
	0.4%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	10.5%	13.6%
	10.5%	13.6%
	10.0%	13.6%
	12.2%	13.2%
	20.0%	14.8%
	10.0%	13.6%
	12.7%	10.0%
	6.1%	4.7%
	10.4%	12.2%

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