Salem, UT


Highest Appreciating Salem Neighborhoods Since 2000

Salem, UT Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Salem Housing Market Information

With 7,475 people, 1,918 houses or apartments, and a median cost of homes of $320,073, real estate costs in Salem are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Utah communities.

Salem is a city of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Salem than is found in 98% of the communities in America.

The large homes that make up Salem are primarily owner-occupied ( 84.10%).

There is a lot of housing in Salem built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Salem built between 2000 and later ( 34.23%). A lesser amount of the housing stock also hails from between 1940-1969 ( 11.43%). There's also some housing in Salem built before 1939 ( 4.94%).

Salem Home Appreciation Rates

Appreciation rates for homes in Salem have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 5.04%, which ranks in the top 40% nationwide. This equates to an annual average Salem house appreciation rate of 0.49%.

Appreciation rates are so strong in Salem that despite a nationwide downturn in the housing market, Salem real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Salem appreciation rates continue to be some of the highest in America, at 7.85%, which is higher than appreciation rates in 85.99% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Salem. Salem appreciation rates in the latest quarter were at 2.90%, which equates to an annual appreciation rate of 12.10%.

Importantly, this makes Salem one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Utah, our data show that Salem's latest annual appreciation rate is lower than 50% of the other cities and towns in Utah.

Average Home Values


Median Home Value:


Value Range
> $1,240,000 0.4
$930,001 - $1,240,000 0.8
$620,001 - $930,000 1.5
$496,001 - $620,000 4.9
$372,001 - $496,000 26.5
$248,001 - $372,000 37.7
$124,001 - $248,000 23.7
$62,001 - $124,000 0.4
$0 - $62,000 4.3

High for UT
Very High for Nation

Value Relative to Nation Value Relative to State
14.5318176491269 21.4765100671141

Number Of Homes And Apartments:

Salem Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
42.89% 2.09% 2 5
* 10 is highest

Rent & Ownership


Average Market Rent:
$970 / per month

Homeownership Rate

Owners 84.10
Renters 15.90
Vacant 1.29

Housing Market Details


Age of Homes

2000 or Newer 34.2
1970 - 1999 49.4
1940 - 1969 11.4
1939 or Older 4.9

Types of Homes

Single-Family 91.5
Townhomes 3.7
Small Apt. Buildings 1.6
Apt. Complexes 0.9
Mobile Homes 2.3
Other 0.0

Home Size

No Bedroom 0.41
1 Bedroom 1.44
2 Bedrooms 6.90
3 Bedrooms 29.34
4 Bedrooms 28.20
5 or more bedrooms 33.71

Popular Neighborhoods in Salem

Zip Codes in Salem, UT