Salem, OH home prices
Typical home $162,250 · +3.7% in a year · income needed $46,700
The Salem, OH metro area ranks 785 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +3.7% in a year and +24.6% over five years. With 20% down at 7.11%, the typical home costs about $1,090 a month including 1.01% property tax (Columbiana County rate).
Mortgage on the typical Salem home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $32,450 | $129,800 | $873 | $0 | $217 | $1,090 | $46,700 |
| 10% down | $16,225 | $146,025 | $982 | $61 | $217 | $1,260 | $54,000 |
| 5% down | $8,112 | $154,137 | $1,037 | $64 | $217 | $1,318 | $56,500 |
| 3.5% down (FHA) | $5,679 | $159,311 | $1,072 | $72 | $217 | $1,361 | $58,300 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.01% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Salem area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Columbiana County, OH | $162,260 | +3.7% | 1.01% |
What can you afford in Ohio on your salary? · Ohio home prices · Salaries in Ohio
Frequently asked questions
How much is a house in Salem?
The typical home in the Salem, OH metro area is worth $162,250 (Zillow, September 2026).
What salary do you need to buy a house in Salem?
About $46,700 a year for the typical home with 20% down at 7.11%.