Welcome to our 1970 real estate data hub, tailored for investors in Salem, MA. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.
Explore essential data such as home prices, rental rates, and appreciation trends specific to 1970 in Salem, MA. Discover Section 8 housing opportunities and challenges to maximize your investment potential in ESSEX COUNTY.
Leverage our comprehensive, zip code-specific data to excel in Salem, MA real estate investing. Uncover the wealth of information available, and position yourself for success in the Salem property market.
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Location Overview
- Zip Code: 1970
- City: Salem
- State: MA
- Metro Area: Boston-Cambridge-Newton, MA-NH
- County Name: ESSEX COUNTY
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Real Estate Market Snapshot
- Average Home Price (All Types): $530,722
- Average Home Price (Single Family Homes): $593,196
- Average Monthly Rental Price (All Types): $2,494
- Price-to-Rent Ratio: 18
- Zillow Projected % appreciation from 4/2023-4/2024: -0.5%
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Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $2,240
- Average 3 Bedroom Section 8 Rental Rates: $2,730
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 19.74
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 16.2
- Number of Units Offered in Section 8 in the County: 7660
- Number of Occupied Units in Section 8 in the County: 7423
- Percentage of Section 8 Units Occupied in the County: 96.90000153%
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Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): 244.5
- Total % Appreciation since 2000 (Government Data): 153.23
- YTD Appreciation (Backwards from 4/2023, Realtor Data): 0.46%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 4.43%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 29.08%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 44.8%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 108.8%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 92.2%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 108.01%
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Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): 0.92%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 8.19%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 25.93%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 36.05%