Land and home values in Salem, MA
Salem is a city in Essex County, Massachusetts, home to about 44,795 people. Residential land runs about $32.30 per sq ft, the typical home is worth about $623,000, and a 2-bedroom rents for about $2,410 a month, as of October 12, 2026.
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| Land: residential | $32.30 | per sq ft |
| Land: residential | $1.41M | per acre |
| Land: quarter-acre lot | $351,747 | 10,890 sq ft |
| Home: typical (median) | $623,000 | value |
| Home: entry-level | $507,000 | lower quartile |
| Home: upper-end | $822,000 | upper quartile |
| Build new | $179 | per sq ft, no land |
| Rent: 1-bedroom | $2,040 | per month |
| Rent: 2-bedroom | $2,410 | per month |
| Rent: 3-bedroom | $2,910 | per month |
| Rent: 4-bedroom | $3,200 | per month |
| Gross yield, 2-bed | 4.6% | a year |
Questions people ask
How much is land worth in Salem, MA?
Residential land in Salem, MA is about $32.30 per square foot, or $1.41M an acre, as of October 2026. A quarter-acre lot (10,890 sq ft) is about $351,747. Smaller lots sell for more per square foot and large tracts for less.
What is the typical home value in Salem, MA?
The typical (median) home in Salem, MA is worth about $623,000, with entry-level homes around $507,000 and upper-end homes around $822,000, as of October 2026.
How much is rent in Salem, MA?
A 2-bedroom rents for about $2,410 a month in Salem, MA, a 1-bedroom about $2,040 and a 3-bedroom about $2,910 (gross rent including utilities, HUD Fair Market Rent basis).
Is this an appraisal?
No. Indicative values for screening, budgeting and negotiation, not an appraisal. For lending, a tax appeal or legal use, hire a state-licensed or certified appraiser.