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📍 Salem, NY · Zillow ZHVI · July 2026

Average Home Price in
Salem, NY

Glens Falls, NY metro area · Washington County County

Median Home Value
$241,233
↑ 4.2% year-over-year
vs. National Median
$410,000
Salem is 41% below
Est. Monthly Payment
$1,258/mo
20% down · 6.8% rate
Income Needed
$64K
gross annual (30% rule)
Median Home Value
$241,233
↑ 4.2% year-over-year
Down Payment (20%)$48,247
Monthly P&I$1,258/mo
With Taxes & Ins.~$1,598/mo
Income Needed$63,920/yr
Data SourceZillow ZHVI
Market Overview

Home Prices in Salem, NY

The median home value in Salem, NY is $241,233 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.2% compared to a year ago and down 0.4% from two years prior.

Compared to the U.S. national median of $410,000, homes in Salem are priced41% below average. Salem is part of the Glens Falls, NY metro area.

City Comparison

Salem vs. National Median

🏠 Salem
$241,233
National Median
$410,000

At $241,233, homes in Salem cost 41% below the national median of $410,000. This makes Salem a relatively affordable market for buyers seeking value.

Affordability

What Does It Cost to Buy in Salem?

20% Down Payment
$48,247
on $241,233
Monthly P&I
$1,258/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,598/mo
incl. taxes & insurance
Income Needed
$63,920
gross annual (30% rule)
10% Down Option
$24,123
+ PMI applies
Loan Amount (20% dn)
$192,986
at current rates

Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.

FAQ

Frequently Asked Questions

What is the average home price in Salem, NY?
The median home value in Salem is $241,233 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.2% year-over-year.
How much have home prices changed in Salem?
Over the past year, home values in Salem have increased by 4.2%.
How much do I need to earn to buy a home in Salem?
To comfortably afford the median home price of $241,233 with a 20% down payment ($48,247) at today's rates (6.8%), you'd need a gross annual income of approximately $63,920. This assumes keeping total housing costs at or below 30% of gross income.
How does Salem compare to the national average home price?
The national median home value is approximately $410,000. At $241,233, homes in Salem are 41% below the national average.
What metro area is Salem part of?
Salem is part of the Glens Falls, NY metropolitan area. Home prices and market conditions can vary across the broader metro region.