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Salisbury

Learn about the people, housing, costs and businesses in Salisbury

Median Home$251,111
Median Rent$1,265/month
Population129,736
Leading IndustriesPublic Administration · Construction29% public administration
Home Value Growth⬆⬆+18.1% over 2 years
Young Adults32% of residentsslightly above average
Homeowners64% of occupied units
NotableTransit74/100 · excellent transit access
Salisbury

Frequently Asked Questions

What are today's mortgage rates in Salisbury?

Mortgage rates for Salisbury are updated daily on Safe Rate using live investor pricing. Rates depend on your credit score, loan type (Conventional, FHA, VA, Jumbo), and down payment. A 30-year fixed rate is the most common product for home purchases.

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

The median home value in Salisbury is $251k. The median monthly rent is $1,265. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Salisbury?

Home values in Salisbury have increased 18.1% 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 Salisbury?

Based on a typical all-in ownership cost of $1,265/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $54k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Salisbury is $75k/year.

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What industries drive the economy in Salisbury?

The largest employment sectors in Salisbury are public administration (29%) and retail (9%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.