Rental market snapshot for Salem, Massachusetts
Salem, Massachusetts Rental Property Market Overview
Salem, Massachusetts is a city located in Essex County with a population of 44,819 as of 2021, according to the US Census. Salem is known for its rich history, having been the site of the infamous Salem Witch Trials in 1692. Today, Salem is a vibrant city with a variety of attractions, including the Salem Witch Museum, the Salem Maritime National Historic Site, and the Salem Willows Park. The city is also home to a number of colleges and universities, making it a great place for students and professionals alike.
The average rent for an apartment in Salem is $2,455. The cost of rent varies depending on several factors, including location, size, and quality.
The average rent has decreased by 1.6% over the past year.
Last Updated April 22, 2023
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Average monthly rent graph in Salem Massachusetts | Cost of Living
- The most expensive ZIP code in Salem is 01970 with an average price of $2,595
- The cheapest ZIP code in Salem is 01970 with an average price of $2,350
Salem ZIP codes with the highest, most expensive rent
| # | ZIP Code | Average Rent |
|---|---|---|
| 1 | 01970 | $2,595 |
Live near Salem, Massachusetts's Top Sights and Attractions
Salem Willows is a historic seaside park located on a peninsula in Massachusetts. It features a boardwalk lined with arcades, restaurants, and souvenir shops, as well as a carousel, a miniature golf course, and a beach. The park also has a playground, picnic areas, and a bandstand for concerts. Visitors can take a ferry ride to nearby Marblehead or explore the nearby Salem Maritime National Historic Site.
The Salem Witch Museum is a museum dedicated to the history of the Salem Witch Trials of 1692. It features life-size figures, stage sets, and a narrative presentation of the events of the trials. Visitors can explore the history of the trials, the people involved, and the legacy of the events. The museum also features a gift shop with books, souvenirs, and other items related to the trials.
Winter Island Waikiki Beach is a beautiful beach located on a small island off the coast of Massachusetts. It is a popular destination for locals and visitors alike, offering stunning views of the Atlantic Ocean and a variety of activities. Visitors can enjoy swimming, fishing, kayaking, and beachcombing. There are also picnic tables and grills available for a relaxing day in the sun. The beach is also home to a variety of wildlife, including seabirds, seals, and even whales.
Railroad Right Of Way is a scenic walking trail located along the former Boston & Maine Railroad line. The trail is approximately 1.5 miles long and is lined with trees and wildflowers. It offers a peaceful respite from the hustle and bustle of the city, as well as stunning views of the surrounding countryside. The trail is also popular with joggers, cyclists, and birdwatchers.
Forest River Park is a scenic riverside park located in Salem, Massachusetts. It features a large grassy area with plenty of trees for shade, a playground, and a walking path along the river. There are also picnic tables, benches, and a boat launch. The park is a great spot for fishing, kayaking, and other outdoor activities. It's also a popular spot for bird watching, as many species of birds can be seen in the area.
Salem Willows Casino is a popular destination for locals and tourists alike. It features a classic boardwalk with a variety of arcades, restaurants, and shops. Visitors can take a stroll along the waterfront, enjoy a game of mini-golf, or take a ride on the historic carousel. The casino also offers a variety of gaming options, including slots, table games, and video poker. With its picturesque views and family-friendly atmosphere, Salem Willows Casino is a great place to spend a day.
Salem Willows Park is a picturesque seaside park located on the coast of Massachusetts. It features a large, grassy area with plenty of room for picnics and outdoor activities, as well as a boardwalk with a variety of shops, restaurants, and carnival rides. The park also has a beach area with a pier, a carousel, and a miniature golf course. Visitors can also enjoy stunning views of the ocean and the surrounding area.
Salem Maritime National Historic Site is a collection of historic structures, vessels, and landscapes that tell the story of Salem's maritime history. It includes a replica of the tall ship Friendship, a reconstructed wharf, a lighthouse, a replica of a 17th-century counting house, and a variety of other buildings. Visitors can explore the site on their own or take a guided tour to learn more about the history of Salem's maritime past. The site also offers educational programs, special events, and seasonal activities.
Mingo Beach is a popular beach destination located in Salem, Massachusetts. It is a sandy beach with a large grassy area and plenty of room to relax and enjoy the sun and surf. The beach is also known for its stunning views of the ocean and the nearby islands. Visitors can enjoy a variety of activities such as swimming, fishing, kayaking, and sunbathing. There are also picnic tables, grills, and restrooms available for visitors to use.
The Peabody Essex Museum is a world-renowned museum located in Salem, Massachusetts. It is home to a vast collection of art and artifacts from around the world, including works from Asia, the Americas, Africa, and Europe. The museum also features a variety of interactive exhibits and activities, as well as a research library and archives. The museum is a popular destination for visitors of all ages, offering a unique and educational experience.
Salem, Massachusetts area median rent change by ZIP code map
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How does Salem compare to other cities in Massachusetts ?
| city | median price |
|---|---|
| Stoneham | $3,118 |
| Charlestown | $3,591 |
| Millbury | $2,600 |
| Newburyport | $2,590 |
| Bellingham | $2,550 |
| Westford | $2,650 |
| Ashland | $2,164 |
Average household income in Salem area graph - US Census
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The median household income in Salem in 2021 was $72,884. This represents a 29.7% change from 2011 when the median was $56,203.
| # | category | percent |
|---|---|---|
| 0 | Less than $10,000 | 5.7% |
| 1 | $10,000 to $14,999 | 7.1% |
| 2 | $15,000 to $19,999 | 5.4% |
| 3 | $20,000 to $24,999 | 4.2% |
| 4 | $25,000 to $29,999 | 5.2% |
| 5 | $30,000 to $34,999 | 3.5% |
| 6 | $35,000 to $39,999 | 2.3% |
| 7 | $40,000 to $44,999 | 3.2% |
| 8 | $45,000 to $49,999 | 2.5% |
| 9 | $50,000 to $59,999 | 5.8% |
| 10 | $60,000 to $74,999 | 10.1% |
| 11 | $75,000 to $99,999 | 11.9% |
| 12 | $100,000 to $124,999 | 10.6% |
| 13 | $125,000 to $149,999 | 6.6% |
| 14 | $150,000 to $199,999 | 8.1% |
| 15 | $200,000 or more | 7.7% |
