2026 Affordability Data
Most Affordable Neighborhoods in Salem - 2026 Data
The median home value in Salem is $95,300, 66% below nat'l avg. Median rent is $729/month. We ranked 15 neighborhoods by affordability to help you find the best value in the Salem, IL area.
Key Takeaways: Affordability in Salem
- 1The most affordable neighborhood in Salem is Lynwood village, with a median home value of $195,900.
- 2Salem's median home value is $95,300, 66% below nat'l avg (national: $281,900).
- 3Median rent in Salem is $729/month, 37% below nat'l avg (national: $1,163/month).
- 4We analyzed 15 neighborhoods in Salem to find the most affordable areas based on home values, rent, and affordability index.
Salem Affordability Overview
Median Home Value
$95,300
66% below nat'l avg
Median Rent
$729/mo
37% below nat'l avg
Median Income
$55,536
26% below nat'l avg
Affordability Index
N/A
Most Affordable Neighborhoods in Salem (Ranked)
| Rank | Neighborhood | Median Home Value |
|---|---|---|
| 1 | Lynwood villageIL | $195,900 |
| 2 | Riverside villageIL | $471,100 |
| 3 | Lake Villa villageIL | $309,400 |
| 4 | Bethalto villageIL | $156,300 |
| 5 | Willowbrook villageIL | $347,200 |
| 6 | RochelleIL | $138,800 |
| 7 | Flossmoor villageIL | $293,400 |
| 8 | Hawthorn Woods villageIL | $580,400 |
| 9 | Savoy villageIL | $260,800 |
| 10 | Glen Carbon villageIL | $272,000 |
| 11 | Schiller Park villageIL | $269,700 |
| 12 | WaukeganIL | $164,400 |
| 13 | Shiloh villageIL | $263,900 |
| 14 | Hazel Crest villageIL | $162,900 |
| 15 | ChampaignIL | $191,200 |
Detailed Neighborhood Profiles
Home Value: $195,900
Rent: $1,163/mo
Affordability: 221
Population: 9,087
Walk Score: 0/100
Home Value: $471,100
Rent: $1,163/mo
Affordability: 221
Population: 9,225
Walk Score: 0/100
Home Value: $309,400
Rent: $1,163/mo
Affordability: 221
Population: 8,701
Walk Score: 0/100
4
Home Value: $156,300
Rent: $1,163/mo
Affordability: 221
Population: 9,281
Walk Score: 0/100
5
Home Value: $347,200
Rent: $1,163/mo
Affordability: 221
Population: 9,177
Walk Score: 0/100
6
Home Value: $138,800
Rent: $1,163/mo
Affordability: 221
Population: 9,417
Walk Score: 0/100
7
Home Value: $293,400
Rent: $1,163/mo
Affordability: 221
Population: 9,405
Walk Score: 0/100
8
Home Value: $580,400
Rent: $1,163/mo
Affordability: 221
Population: 9,111
Walk Score: 0/100
9
Home Value: $260,800
Rent: $1,163/mo
Affordability: 221
Population: 8,682
Walk Score: 0/100
10
Home Value: $272,000
Rent: $1,354/mo
Affordability: 218
Population: 13,654
Walk Score: 0/100
11
Home Value: $269,700
Rent: $1,354/mo
Affordability: 218
Population: 11,600
Walk Score: 0/100
12
Home Value: $164,400
Rent: $1,354/mo
Affordability: 218
Population: 89,435
Walk Score: 0/100
13
Home Value: $263,900
Rent: $1,354/mo
Affordability: 218
Population: 13,892
Walk Score: 0/100
14
Home Value: $162,900
Rent: $1,354/mo
Affordability: 218
Population: 13,737
Walk Score: 0/100
15
Home Value: $191,200
Rent: $1,354/mo
Affordability: 218
Population: 88,628
Walk Score: 0/100
Frequently Asked Questions About Affordability in Salem
What is the most affordable neighborhood in Salem, IL?▾
Based on 2026 data, Lynwood village is the most affordable neighborhood in Salem with a median home value of $195,900. Kurby analyzed 15 neighborhoods in the Salem area to compile these rankings.
What is the median home price in Salem, IL?▾
The median home price in Salem is $95,300, which is 66% below nat'l avg. The national median home value is $281,900 (Source: Kurby, 2026).
What is the average rent in Salem, IL?▾
The median monthly rent in Salem is $729. This is 37% below nat'l avg. The national median rent is $1,163/month (Source: Kurby, 2026).
What is the median household income in Salem?▾
The median household income in Salem is $55,536 compared to the national median of $74,580. This metric is important for understanding housing affordability in relation to local earning power (Source: Kurby, 2026).
How many neighborhoods in Salem are below the national average home price?▾
10 out of 15 ranked neighborhoods in Salem have a median home value below the national average of $281,900. The most affordable is Lynwood village at $195,900 (Source: Kurby, 2026).