Market Overview
Home Prices in South Salem, OH
The median home value in South Salem, OH is $187,467 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.9% compared to a year ago and up 0.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in South Salem are priced54% below average. South Salem is part of the Chillicothe, OH metro area.
Over the past five years, South Salem home values have risen by approximately20.2%, reflecting strong long-term appreciation in this market.
Price History
South Salem Home Price Trend
City Comparison
South Salem vs. National Median
At $187,467, homes in South Salem cost 54% below the national median of $410,000. This makes South Salem a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in South Salem?
20% Down Payment
$37,493
on $187,467
Monthly P&I
$978/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,242/mo
incl. taxes & insurance
Income Needed
$49,680
gross annual (30% rule)
10% Down Option
$18,747
+ PMI applies
Loan Amount (20% dn)
$149,974
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 South Salem, OH?
The median home value in South Salem is $187,467 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.9% year-over-year.
How much have home prices changed in South Salem?
Over the past year, home values in South Salem have increased by 1.9%. Over five years, prices have risen approximately 20.2%.
How much do I need to earn to buy a home in South Salem?
To comfortably afford the median home price of $187,467 with a 20% down payment ($37,493) at today's rates (6.8%), you'd need a gross annual income of approximately $49,680. This assumes keeping total housing costs at or below 30% of gross income.
How does South Salem compare to the national average home price?
The national median home value is approximately $410,000. At $187,467, homes in South Salem are 54% below the national average.
What metro area is South Salem part of?
South Salem is part of the Chillicothe, OH metropolitan area. Home prices and market conditions can vary across the broader metro region.