2026 Affordability Data
Most Affordable Neighborhoods in Salem - 2026 Data
The median home value in Salem is $231,900, 18% below nat'l avg. Median rent is $1,267/month. With an affordability index of 98, Salem is less affordable than the national baseline of 100. We ranked 15 neighborhoods by affordability to help you find the best value in the Salem, VA area.
Key Takeaways: Affordability in Salem
- 1The most affordable neighborhood in Salem is Pulaski, with a median home value of $137,400.
- 2Salem's median home value is $231,900, 18% below nat'l avg (national: $281,900).
- 3Salem's affordability index is 98 (baseline 100), making it less affordable than the national average.
- 4Median rent in Salem is $1,267/month, 9% above nat'l avg (national: $1,163/month).
- 5We 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
$231,900
18% below nat'l avg
Median Rent
$1,267/mo
9% above nat'l avg
Median Income
$68,402
8% below nat'l avg
Affordability Index
98
Near nat'l avg
Most Affordable Neighborhoods in Salem (Ranked)
| Rank | Neighborhood | Median Home Value |
|---|---|---|
| 1 | PulaskiVA | $137,400 |
| 2 | PurcellvilleVA | $570,600 |
| 3 | ChesapeakeVA | $310,000 |
| 4 | RichmondVA | $280,000 |
| 5 | NorfolkVA | $225,000 |
| 6 | WarrentonVA | $421,000 |
| 7 | MartinsvilleVA | $82,800 |
| 8 | RoanokeVA | $162,000 |
| 9 | PortsmouthVA | $213,300 |
| 10 | WilliamsburgVA | $385,600 |
| 11 | DanvilleVA | $102,000 |
| 12 | HamptonVA | $219,800 |
| 13 | PoquosonVA | $406,700 |
| 14 | LynchburgVA | $196,000 |
| 15 | AlexandriaVA | $655,700 |
Detailed Neighborhood Profiles
Home Value: $137,400
Rent: $1,063/mo
Affordability: 137
Population: 8,982
Walk Score: 0/100
Home Value: $570,600
Rent: $1,063/mo
Affordability: 137
Population: 8,928
Walk Score: 0/100
Home Value: $310,000
Rent: $1,245/mo
Affordability: 128
Population: 249,422
Walk Score: 10/100
4
Home Value: $280,000
Rent: $1,566/mo
Affordability: 120
Population: 226,610
Walk Score: 91/100
5
Home Value: $225,000
Rent: $1,625/mo
Affordability: 104
Population: 238,005
Walk Score: 79/100
6
Home Value: $421,000
Rent: $1,267/mo
Affordability: 98
Population: 10,111
Walk Score: 0/100
7
Home Value: $82,800
Rent: $1,267/mo
Affordability: 98
Population: 13,539
Walk Score: 0/100
8
Home Value: $162,000
Rent: $1,267/mo
Affordability: 98
Population: 99,213
Walk Score: 0/100
9
Home Value: $213,300
Rent: $1,267/mo
Affordability: 98
Population: 97,384
Walk Score: 0/100
10
Home Value: $385,600
Rent: $1,267/mo
Affordability: 98
Population: 15,486
Walk Score: 0/100
11
Home Value: $102,000
Rent: $1,267/mo
Affordability: 98
Population: 42,507
Walk Score: 0/100
12
Home Value: $219,800
Rent: $1,267/mo
Affordability: 98
Population: 137,217
Walk Score: 0/100
13
Home Value: $406,700
Rent: $1,267/mo
Affordability: 98
Population: 12,479
Walk Score: 0/100
14
Home Value: $196,000
Rent: $1,267/mo
Affordability: 98
Population: 79,166
Walk Score: 0/100
15
Home Value: $655,700
Rent: $1,267/mo
Affordability: 98
Population: 157,594
Walk Score: 0/100
Frequently Asked Questions About Affordability in Salem
What is the most affordable neighborhood in Salem, VA?▾
Based on 2026 data, Pulaski is the most affordable neighborhood in Salem with a median home value of $137,400. Kurby analyzed 15 neighborhoods in the Salem area to compile these rankings.
What is the median home price in Salem, VA?▾
The median home price in Salem is $231,900, which is 18% below nat'l avg. The national median home value is $281,900 (Source: Kurby, 2026).
Is Salem affordable compared to the national average?▾
Salem has an affordability index of 98, which means housing is less affordable than the national baseline of 100. An index above 100 indicates that a median-income household can afford a median-priced home in the area.
What is the average rent in Salem, VA?▾
The median monthly rent in Salem is $1,267. This is 9% above 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 $68,402 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?▾
9 out of 15 ranked neighborhoods in Salem have a median home value below the national average of $281,900. The most affordable is Pulaski at $137,400 (Source: Kurby, 2026).