Similar to its nearby areas, it is a lot less expensive compared to the rest of the country. However it's substantially more expensive compared to the city of Cleveland.
Home prices
The median home in Salem costs $96,900. This is roughly $4,080 (4%) higher in comparison to its nearby areas.It is roughly $120,600 (55%) lower compared to the entire country, and compared to the city of Cleveland is roughly $27,300 (39%) higher.
Rents
Salem's median monthly rent is $677. In comparison to its surrounding areas this is approximately $8 (1%) higher.It is roughly $385 (36%) lower compared to the country as a whole, and it is roughly $42 (5%) lower compared to the city of Cleveland.
Nearby places
Washingtonville
Washingtonville is approximately 3 miles east of Salem. The housing prices there are somewhat less expensive. Washingtonville's median home cost is $78,300, which comes out to $18,600 (23%) lower than Salem. Rents there are fairly similar. In Washingtonville the median rent is $675 a month, which is very similar to Salem.
Leetonia
Leetonia is roughly 4 miles southeast from Salem. Real estate prices there are somewhat less expensive. The median home in Leetonia costs $83,400, which is $13,500 (16%) lower than Salem. The rent there is a bit more expensive. The median monthly rent in Leetonia is $837, which is $160 (19%) higher than Salem.
Beloit
Beloit is approximately 6 miles west of Salem. The real estate prices there are substantially less expensive. Beloit's median home cost is $71,700, which comes out to $25,200 (35%) lower than Salem. Its rents are a little less expensive. The median monthly rent in Beloit is $583, which is $94 (16%) lower than Salem.
Sebring
Sebring is approximately 7 miles west of Salem. Its real estate prices are a little less expensive. The median home in Sebring costs $82,400, which is $14,500 (17%) lower than Salem. Rents there are similar. Sebring's median rent is $668 a month, which comes out to $9 (1%) lower than Salem.
Columbiana
Columbiana is approximately 7 miles east from Salem. The housing prices there are significantly more expensive. The median home cost in Columbiana is $148,300, which works out to $51,400 (34%) higher than Salem. Rent there is a little less expensive. In Columbiana the median monthly rent is $584, which is $93 (15%) lower than Salem.
