Residential

Salem, VA Residential Land & Home Lots Market Trends and Statistics

Explore 0 residential land & home lots for sale in Salem, VA on our real estate platform.

Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Commercial land 14
Industrial land 4
Residential land & home lots 3
Hunting land 2
Recreation land 2

Demographics Overview

Population 38K
Population Growth (5Y) +0.3%
Median Household Income $72,691
College Educated 42.5%

High-Yield Neighborhoods for Investment

Identify Salem submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
24153 $163.3K

Taxes & Financing

Tax Rate (average for all types) 1.16%
Property Tax per SF $16.64 per SF
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Salem city

New Delisted

Property Size Breakdown

The majority of commercial real estate listings in Salem fall within the 1 to 5 acres range.

Need Help?

Reach out if you need assistance with Realmo tools or have questions about your listings