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Housing in Salem City
Both Census and HUD figures represent gross rent — contract rent plus estimated utility costs for electricity, heat, water, and sewer.
Rent in Salem City averages $1,133/month for a 2‑bedroom in 2024, compared to the Virginia median of $1,579 and the national median of $1,413. Local renters spend approximately 31% of household income on rent, below the national average of 32%.
HUD 2026 50th Percentile Rent Estimates for Salem City FMR Area are $1,072 for a studio, $1,125 for 1‑bedroom, $1,340 for 2‑bedroom, $1,863 for 3‑bedroom, and $2,248 for 4‑bedroom.
HUD 2026 Rent Estimates reflect market movement since 2024 Census data — a $207 increase for a 2-bedroom in Salem City shows a 18% rise over that period.
The U.S. Bureau of Labor Statistics annual unemployment rate for Salem City was 2.9% in 2024, compared to Virginia at 2.9% and the national rate of 4.0%.
