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Salem Heights

Learn about the people, housing, costs and businesses in Salem Heights, Ohio

Median Home$139,633
Median Rent$788/month
Population344
Leading IndustriesRetail · Manufacturing20% retail
Home Value Growth⬆⬆+15.8% over 2 years
Young Adults28% of residentsnear the national average
Homeowners62% of occupied units
NotableAffordable Market$140k median home · lower cost than 78% of the country
Salem Heights
OH

Frequently Asked Questions

What are today's mortgage rates in Salem Heights?

As of today, the 30-year fixed mortgage rate for Salem Heights is approximately 7.059% (7.101% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Salem Heights?

The median home value in Salem Heights is $140k. The median monthly rent is $788. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Salem Heights?

Home values in Salem Heights have increased 15.8% 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 Heights?

Based on a typical all-in ownership cost of $772/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $33k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Salem Heights is $53k/year.

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What industries drive the economy in Salem Heights?

The largest employment sectors in Salem Heights are retail (20%) and public administration (19%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.