Salem city: Median Home Value Trend
How Salem city's median home value changed from 2017 to 2023, based on U.S. Census Bureau ACS 5-Year Estimates. The 2019 vintage reflects the pre-COVID peak; 2021 captures the immediate COVID-era disruption; 2022–2023 show the recovery.
2017
$331,300
2023
$497,400
Total change
+$166,100
% change
+50.1%
| Year | Median Home Value | Change |
|---|---|---|
| 2017 | $331,300 | — |
| 2019 | $367,200 | +$35,900 (10.8%) |
| 2020 | $379,400 | +$12,200 (3.3%) |
| 2021 | $396,700 | +$17,300 (4.6%) |
| 2022 | $464,200 | +$67,500 (17%) |
| 2023 | $497,400 | +$33,200 (7.2%) |