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Salem County

Learn about the people, housing, costs and businesses in Salem County County

Median Home$240,232
Median Rent$1,291/month
Population65,275
Leading IndustriesInformation & Media · Finance & Insurance · Transportation11% information & media
Home Value Growth⬆⬆⬆+22.7% over 2 years
Young Adults26% of residents
Homeowners71% of occupied units
NotableHigh Incomes$90k/year · top 12% nationally
Salem County
NJ

Frequently Asked Questions

What are today's mortgage rates in Salem County?

As of today, the 30-year fixed mortgage rate for Salem County is approximately 7.129% (7.157% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Salem County
What is the median home price in Salem County?

The median home value in Salem County is $240k. The median monthly rent is $1,291. Annual property taxes average $7k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Salem County?

Home values in Salem County have increased 22.7% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Salem County?

Based on a typical all-in ownership cost of $1,473/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $63k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Salem County is $90k/year.

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What industries drive the economy in Salem County?

The largest employment sectors in Salem County are public administration (26%) and information and media (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.

🗺️ Nearby Areas

Adjacent counties and areas