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Foreclosure Homes in Salem, NJ

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Market-st-Salem-NJ-08079
Foreclosure
$70,000 List Price

Market St
Salem, NJ 08079

3 Bed | 1.1 Bath | 2,344 Sq. Ft.

Grant-st-Salem-NJ-08079
Foreclosure
$125,035 EMV

Grant St
Salem, NJ 08079

| 3,698 Sq. Ft.

Salem-quinton-rd-Salem-NJ-08079
Preforeclosure
$96,815 EMV

Salem Quinton Rd
Salem, NJ 08079

| 1,209 Sq. Ft.

Grant-st-Salem-NJ-08079
Preforeclosure

Grant St
Salem, NJ 08079

Eighth-st-Salem-NJ-08079
Preforeclosure

Eighth St
Salem, NJ 08079

| 0 Sq. Ft.

8th-st-Salem-NJ-08079
Preforeclosure

8th St
Salem, NJ 08079

Eighth-street-Salem-NJ-08079
Preforeclosure

Eighth Street
Salem, NJ 08079

Market-st-Salem-NJ-08079
Preforeclosure
$105,910 EMV

Market St
Salem, NJ 08079

| 3,280 Sq. Ft.

Grant-st-Salem-NJ-08079
Preforeclosure

Grant St
Salem, NJ 08079

Magnolia-st-Salem-NJ-08079
Preforeclosure
$37,630 EMV

Magnolia St
Salem, NJ 08079

| 936 Sq. Ft.

Displaying 1 - 10 of 441

Foreclosure Homes in Salem, NJ

Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Salem, NJ area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Salem, NJ and much more. Save thousands at closing with home foreclosure listings in Salem, NJ — up to 75% off market value!


Top Reasons To Live In Salem, NJ In 2021

Salem is located in Salem, New Jersey, with an estimated municipal population of 4,706 residents. All of the best foreclosed homes for sale in Salem are located in the following zip code areas on Foreclosure.com: 08079. The estimated population per square kilometer (.62 miles) in Salem is 775.


Cost Of Living In Salem, NJ

So, about how much do homes cost in Salem? The most recent median value of resident-owned homes in Salem is 82,484. An estimated 34.1 percent of households in Salem own their homes, with an average family size of 3.33. The median household income in Salem is 24,926, with9.6 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Salem, the median commute time of resident workers (in minutes) is 26.1. And last, but certainly not least, are you looking for homes to rent in Salem? If so, the average rent price paid by renters in Salem is 869, according to recent statistics.


Diversity And Demographics In Salem, New Jersey

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Salem, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Salem is 33.2, split between 44.5 percent male versus 55.5 female. The percentage of residents who report being married in Salem is 29.5, with an average family size of 3.33.

The percentage of residents who report their race in Salem is as follows:

White 31.9%
Black / African American 60.3%
Asian 0.3%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 7.2%
Other 0.3%

Looking for family-friendly neighborhoods in and/or near Salem? Or maybe you are searching for 55+ active adult communities in and/or near Salem?

The percentage of residents who report their age in Salem is as follows:

Under 10 24.6%
Aged 10-19 8.8%
20s 11.1%
30s 16%
40s 8%
50s 10.5%
60s 12.9%
70s 5.6%
80+ 2.4%

Best Schools In Salem, New Jersey

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Salem with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Salem.


Pros And Cons Of Living In Salem, New Jersey

How do you know that living in -- or moving to -- Salem is right where you need to be? Perhaps you grew up in Salem or already live nearby; therefore, the decision to buy a home in Salem is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Salem for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Salem:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Salem.


Reasons To Move To Salem, New Jersey, In 2021

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Salem can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Salem, meanwhile, can field multiple offers from more qualified buyers.

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Listing types in Salem, NJ

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