Commercial Real Estate Market in Salem, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
46 active listings and 1,415 off-market properties in Salem, OH.
Market Trends
Salem, OH spans 107.4 square miles in Columbiana County, Ohio. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Salem, OH runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Salem, OH runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Salem, OH runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Salem, OH runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 67.2%
- Industrial 19.8%
- Commercial 13%
Largest Zones share of zoned land by district
Single Family Residential
Heavy Industrial
Single Family Residential
Single Family Residential
General Commercial
Salem, OH zones 4,094 acres across 11 districts. Commercial zoning covers 13% of zoned land, residential 67.2% and industrial 19.8%. The largest single district is Single Family Residential at 21.9%. For commercial buyers the practical constraint is that only 32.8% of land carries a commercial or industrial designation.
Single Family Residential (RS-1)
RS-1 is intended to promote single-family dwelling.
Market overview
Demographics & Economy
Salem, OH has 25,393 residents in 11,595 households. Density runs 237 people per square mile. Median household income here is $59,882 and median gross rent $770 a month.
25,393
Population
11,595
Households
2.2
Avg Household Size
46
Median Age
20%
College-Educated
90%
High-School Grad
107.4 sq mi
ZIP Area
237
Density / Sq Mi
$59,882
Median Household Income
$35,912
Median Earnings
$770
Median Rent
$153,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Greenford | — | — |
| Washingtonville | — | — |
| Damascus | — | — |
| Leetonia | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Salem?
Salem, OH zones 4,094 acres across 11 districts, of which 13% is commercial and 19.8% industrial. The largest single district is Single Family Residential at 21.9% of zoned land. RS-1 is intended to promote single-family dwelling. Residential zoning covers 67.2% and open space 0%.
Where does Realmo's Salem market data come from?
Realmo compiles Salem, OH figures from 7 recent recorded sales, 31 active sale listings, 15 active lease listings, 1,415 tracked off-market properties, the current Salem zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 31 active for-sale and 15 active for-lease listings in Salem, OH. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 4,094 zoned acres across 11 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, retail vacancy is reported at Midwest region level and industrial vacancy is reported at Midwest region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
