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
$293,800
2023
$547,000
Total change
+$253,200
% change
+86.2%
| Year | Median Home Value | Change |
|---|---|---|
| 2017 | $293,800 | — |
| 2019 | $331,900 | +$38,100 (13%) |
| 2020 | $362,600 | +$30,700 (9.2%) |
| 2021 | $393,900 | +$31,300 (8.6%) |
| 2022 | $468,100 | +$74,200 (18.8%) |
| 2023 | $547,000 | +$78,900 (16.9%) |