The median home value in Salem, VA is $260,300. This is higher than the county median home value of $241,200. The national median home value is $338,100. The average price of homes sold in Salem, VA is $260,300. Approximately 58.82% of Salem homes are owned, compared to 31.12% rented, while 10.06% are vacant. Salem real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you're interested in, contact a Salem real estate agent to arrange a tour today!
Learn More About Salem Real EstateSalem has a population of approximately 25,335 and experiences a population change rate of 2.38%. The population density is 1,745.1 / sq mi.
The median household income for Salem is $66,472, with 9,971 households and an average household size of 2.29.
The cost of living index in Salem is 92.5%.
The median value of a home in Salem is $260,300 with an appreciation rate of 15.8%. 58.8% of housing in the city is owned while 31.1% is rented.
The unemployment rate in Salem is 2.50%, and recent job growth is at 3.93%. Future job growth is projected at 45.01%.
The sales tax rate in Salem is 5.30%, while the income tax rate is 5.75%.
School expenditures in Salem are $13,163, and the school ratio is 14:1.
The average high temperature in July is 86.5 degrees, with an average low temperature in January of 26.1 degrees. The average rainfall is approximately 41.6 inches per year, with 15.5 inches of snow per year.
Metric | City | County |
---|---|---|
High School Graduates | 93.21 | 93.21 |
College Degree - 2 year | 13.23 | 13.23 |
College Degree - 4 year | 32.15 | 32.15 |
Graduate Degree | 9.81 | 9.81 |
Expenditures per Student | $13,163 | $13,163 |
Students per Teacher | 14.00 | 14.00 |
School | Grades | Students | P/T Ratio | ZIP |
---|---|---|---|---|
Back Creek Elementary School | PK - 05 | 320 | 15.2 | 24018 |
Cave Spring Elementary School | PK - 05 | 479 | 16.8 | 24018 |
East Salem Elementary School | PK - 05 | 463 | 15.4 | 24153 |
Fairview Elementary School | PK - 05 | 467 | 14.9 | 24017 |
Fishburn Park Elementary School | PK - 05 | 293 | 14.3 | 24015 |
Fort Lewis Elementary School | PK - 05 | 238 | 14.4 | 24153 |
G.W. Carver Elementary | KG - 05 | 452 | 13.9 | 24153 |
Glenvar Elementary School | PK - 05 | 361 | 14.7 | 24153 |
Grandin Court Elementary School | KG - 05 | 345 | 16.6 | 24015 |
Green Valley Elementary School | PK - 05 | 472 | 17.8 | 24018 |
Highland Park Elementary School | PK - 05 | 361 | 16.4 | 24016 |
Hurt Park Elementary School | PK - 05 | 380 | 14.1 | 24016 |
Mason's Cove Elementary School | PK - 05 | 254 | 14.5 | 24153 |
Oak Grove Elementary School | PK - 05 | 463 | 14.7 | 24018 |
Pennsylvania Forest Elementary | PK - 05 | 479 | 16 | 24018 |
Roanoke Academy for Math & Science Elementary | PK - 05 | 470 | 12.4 | 24017 |
South Salem Elementary School | KG - 05 | 417 | 15.4 | 24153 |
Virginia Heights Elementary School | PK - 05 | 363 | 15.9 | 24015 |
Wasena Elementary School | KG - 05 | 256 | 14.2 | 24015 |
West Salem Elementary School | PK - 05 | 423 | 17.1 | 24153 |
Westside Elementary School | PK - 05 | 774 | 17.4 | 24017 |
School | Grades | Students | P/T Ratio | ZIP |
---|---|---|---|---|
Andrew Lewis Middle School | 06 - 08 | 909 | 14.7 | 24153 |
Cave Spring Middle School | 06 - 08 | 742 | 14.4 | 24018 |
Glenvar Middle School | 06 - 08 | 430 | 13.1 | 24153 |
Hidden Valley Middle School | 06 - 08 | 597 | 12 | 24018 |
James Madison Middle School | 06 - 08 | 605 | 14.9 | 24015 |
Lucy Addison Aerospace Magnet Middle | 06 - 08 | 595 | 16.8 | 24016 |
Woodrow Wilson Middle School | 06 - 08 | 474 | 15.1 | 24015 |
School | Grades | Students | P/T Ratio | ZIP |
---|---|---|---|---|
Cave Spring High School | 09 - 12 | 988 | 14 | 24018 |
Glenvar High School | 09 - 12 | 549 | 11.7 | 24153 |
Hidden Valley High School | 09 - 12 | 1022 | 15.2 | 24018 |
Patrick Henry High School | 09 - 12 | 1926 | 16.4 | 24015 |
Salem High School | 09 - 12 | 1201 | 14.2 | 24153 |
William Fleming High School | 09 - 12 | 1560 | 16.2 | 24017 |
School | Grades | Students | P/T Ratio | ZIP |
---|---|---|---|---|
Burton Center for Arts and Tech. | UG - UG | 0 | null | 24153 |
Forest Park Academy | UG - UG | 0 | null | 24017 |
Gov. Stem Academy At the Burton Center | UG - UG | 0 | null | 24153 |
Roanoke Valley Gov. School | UG - UG | 0 | null | 24015 |