Home values, rents and more in Salem, VA
September 2026 figures from Zillow and the U.S. Census Bureau · updated 2026-11-07
Open Salem in ProMap- Under $190k
- $190k–$300k
- $300k–$310k
- $310k+
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How Salem compares
The typical home in Salem, VA is worth about $309,000, according to the Zillow Home Value Index for September 2026. Home values in Salem are 4% above the typical value in the Roanoke metro area ($298,000) and 16% below the U.S. typical value ($366,000).
Over the past year, home values in Salem rose 3.8%, compared with +3.2% in the Roanoke metro area and +1.2% nationally.
Typical rent is $1,574 a month (Zillow Observed Rent Index), 12% above the Roanoke metro area ($1,400) and 19% below the U.S. ($1,932). Rents fell 0.5% over the past year.
The median household income is $66,725, against $68,761 in the Roanoke metro area and $80,734 in the U.S. (Census Bureau, American Community Survey 2020–24).
About 25,618 people live in Salem (American Community Survey 2020–24).
Salem has the 8th-highest typical home value of the 16 cities in the Roanoke metro area and the 185th-highest of 382 in Virginia with Zillow figures.
Part of: Salem city, VA · Roanoke metro area · Virginia
More for Salem in ProMap Plus
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- 5- and 10-year price changes
- Days on market and months of supply
- Price cuts and sale-to-list ratio
- Price-to-income and monthly cost to buy
- Crime rates
- Homeowners insurance premiums
- Commute time to downtown
- Flood, wildfire and natural hazard risk
- Property-tax rate
- 2024 presidential vote
- Age, education and household make-up
- Amenities and transit nearby
Nearby cities
ZIP codes in Salem, VA
Sources
Home values: Zillow Home Value Index (ZHVI), all homes, middle tier, smoothed and seasonally adjusted, September 2026. Rents: Zillow Observed Rent Index (ZORI), seasonally adjusted. Population: Census population estimates (July 2025) for states, metros and counties; ACS 2020–24 for cities and ZIP codes. Income: U.S. Census Bureau, ACS 2020–24 5-year estimates. Boundaries: U.S. Census Bureau cartographic boundary files. Compiled by Home Economics.
"Typical" is Zillow's middle-tier value (homes between the 35th and 65th percentiles), not a median sale price. Changes are over the 12 months to September 2026.