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Preforeclosure Homes in Salem, OH 44460

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Salem, OH Foreclosures

How much do homes sell for in Salem, OH?
The average home price is currently $206,680.
In Salem, OH, how many homes are available?
There are currently 25 active home listings available in Salem.
What’s the average rental cost in Salem, OH?
The average rental price in Salem is $1,115.
What is the most expensive home in Salem?
The most expensive home sold in Salem had a price of $5,598,961.
What is currently the cheapest priced home in Salem, OH?
The cheapest home for sale in Salem is priced at $11,173.

Living in Salem, OH

Salem, OH, is a picturesque city known for its welcoming community and historical charm. With a variety of parks, recreational opportunities, and a vibrant downtown, Salem provides a perfect blend of small-town living and access to larger urban centers. Ideal for families and individuals, this city fosters a strong sense of community with various events throughout the year.

Current Market Conditions in Salem, OH

The real estate market in Salem, OH, is currently experiencing a period of stability with modest appreciation rates. Prices for homes have been relatively consistent, making it an attractive market for first-time buyers and investors alike. The availability of affordable homes contributes to the appeal of Salem as a residential choice.

In terms of neighborhood trends, there has been a steady interest in homes with more space, as families are seeking properties with larger yards and access to outdoor activities. As such, Salem's residential properties are seeing increasing interest from those looking for a community-oriented atmosphere.

Home Value Estimator For Salem, OH

There are currently 9,590 real estate properties in Salem, OH, with a median automated valuation model (AVM) price of $174,600.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Salem, OH, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Salem, OH, is $206,680.00, with the most expensive house in Salem, OH, topping out at $5,598,961.00 and the cheapest home in Salem, OH, clocking in at $11,173.00. In other words, there’s something for every potential homebuyer or savvy investor in Salem, OH!

Rent Prices In Salem, OH

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Salem, OH, is on a rollercoaster ride. The average rent price in Salem, OH, is $1,115.00. Indeed, when looking to rent in Salem, OH, you can expect to pay as little as $560.00 or as much as $1,980.00, with the average rent median estimated to be $1,080.00. The good news is that finding an affordable and desirable property to rent in Salem, OH -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Salem, OH 44460 Preforeclosure Homes

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