Housing & Real Estate — Salem, Illinois

Overview

Total Housing Units3,340
Occupied3,080
Vacant260
Owner-Occupied1,933
Renter-Occupied1,147
Median Home Value (Census)$106,100
Estimated 2026~$122,000
Median Rent$752/mo
Median Property Tax$2,253/yr

Affordability

Home Price to Income RatioN/Ax
Home Affordabilityaffordable
Rent as % of Income15.1%
Severely Rent-Burdened25.8%

Housing Age

Built 2010 or later55
Built 2000-2009197
Built 1990-1999240
Built before 19601,351
Median Year Built1970
Sources: Census ACS 5-Year 2023; Census ACS 5-Year 2023, B25077; HUD FMR FY2026.