Home values, rents and more in Salem city, VA
September 2026 figures from Zillow and the U.S. Census Bureau · updated 2026-11-07
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How Salem city, VA compares
The typical home in Salem city, VA is worth about $291,000, according to the Zillow Home Value Index for September 2026. Home values in Salem city, VA are about the same as the typical value in the Roanoke metro area ($298,000) and 21% below the U.S. typical value ($366,000).
Over the past year, home values in Salem city, VA rose 3.8%, compared with +3.2% in the Roanoke metro area and +1.2% nationally.
Typical rent is $1,531 a month (Zillow Observed Rent Index), 9% above the Roanoke metro area ($1,400) and 21% below the U.S. ($1,932). Rents fell 1.1% 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 25,816 people live in Salem city, VA (Census Bureau estimate for July 2025).
Salem city, VA has the 3rd-lowest typical home value of the 6 counties in the Roanoke metro area and the 61st-lowest of 133 in Virginia with Zillow figures.
Part of: Roanoke metro area · Virginia
More for Salem city, VA in ProMap Plus
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- 5- and 10-year price changes
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- 2024 presidential vote
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Nearby counties
Cities in Salem city, 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.