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 CodeAverage Rent

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 ?

citymedian price

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.

0Less than $10,0005.7%
1$10,000 to $14,9997.1%
2$15,000 to $19,9995.4%
3$20,000 to $24,9994.2%
4$25,000 to $29,9995.2%
5$30,000 to $34,9993.5%
6$35,000 to $39,9992.3%
7$40,000 to $44,9993.2%
8$45,000 to $49,9992.5%
9$50,000 to $59,9995.8%
10$60,000 to $74,99910.1%
11$75,000 to $99,99911.9%
12$100,000 to $124,99910.6%
13$125,000 to $149,9996.6%
14$150,000 to $199,9998.1%
15$200,000 or more7.7%

Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.

As of March , the average rent in Salem is $2,455.
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