Home Values

Town of Salem Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$105,800

  • -2.3% 1-year change
  • -1.6% 1-year forecast

The median home value in Town of Salem is $105,800. Town of Salem home values have declined -2.3% over the past year and Zillow predicts they will fall -1.6% within the next year.

Foreclosures will be a factor impacting home values in the next several years. In Town of Salem 16.0 homes are foreclosed (per 10,000). This is greater than the Glens Falls Metro value of 5.4 and also greater than the national value of 3.8

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Town of Salem is 5.4%, which is lower than the national value of 6.0%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Town of Salem homeowners underwater on their mortgage is 23.3%, which is higher than Glens Falls Metro at 14.6%.

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Relative ZHVI
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Town of Salem Market Overview

Data through Jun 30, 2015
  • $105,800 ZHVI
  • -1.6% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Jun 30, 2016)
  • No data Median listing price
  • No data Median sale price
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Town of Salem Market Health

Data through Jun 30, 2015
  • 3.4/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 23.3% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 5.4% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)

Homes foreclosed (per 10,000)

16(Dec 31, 2014) Town of Salem
5(May 31, 2015) Glens Falls Metro
4 United States
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Nearby Cities

Name Median ZHVI
Pawlet $223,500
Shaftsbury $198,500
Town of Arlington $178,900
Name Median ZHVI
Jackson $152,900
Town of Cambridge $142,300
Town of Greenwich $140,400
Name Median ZHVI
Town of Argyle $134,600
White Creek $133,600
Hebron $118,300

Listings & Sales

  • No data
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Town of Salem Rentals

Data through Jun 30, 2015
  • Zillow Rent Index

  • $1,564 Town of Salem
    $1,659 Glens Falls Metro
    $1,369 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.0 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Mar 31, 2015)
  • No data Rent list price
  • No data Rent list price / sq ft
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