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Salem Heights

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

Median Home$276,568
Median Rent$1,214/month
Population3,752
Leading IndustriesRetail · Professional Services20% retail
Home Value Growth⬆⬆+17.4% over 2 years
Young Adults30% of residentsabove average nationally
Homeowners89% of occupied units
NotableHigh Incomes$110k/year · top 12% nationally
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 6.943% (6.981% 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 $277k. The median monthly rent is $1,214. Annual property taxes average $4k. 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 17.4% 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 $1,531/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $66k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Salem Heights is $110k/year.

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What industries drive the economy in Salem Heights?

The largest employment sectors in Salem Heights are public administration (21%) and retail (20%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.