Real Estate Investing in Salem, Ohio

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

1 ZIP codes • Population: 25,289 • Columbiana County

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Should you buy in Salem, OH? Our answer, based on the numbers below.

🏠 For Homebuyers
MIXED
Grade C (66/100)

Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
1 flag
  • Elevated vacancy: 10.2% vacancy may signal weakening demand.

What’s happening in Salem, OH?

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

5.9% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $192,330
Avg Monthly Rent $795
ZIP Codes 1

Investing in Salem Real Estate

Salem in Ohio is one of the markets where the numbers warn before they reward — 1 ZIPs, a sizable population, and a rating that reflects material risk.

Across Salem's 1 ZIPs, fundamentals run sluggish: thin appreciation, soft rents, and demographic trends that don't obviously reverse in the medium term.

Transaction volume in Salem has thinned in a way that amplifies price discovery risk. On the rental side, investors without local context should treat every number on the page with skepticism.

Salem's population trends and income levels suggest a market where affordability is strained, which constrains how aggressively rents can rise without hurting collections.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Best ZIP codes in Salem, OH

Salem is part of this metro. Every ZIP in it, ranked. Free.

Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

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Avg Home Value
$192,330
Avg Monthly Rent
$795
1% Rule
✗ Below
Landlord Friendly (OH)

📉 Market Crash Risk Index

Based on Salem, OH metro

1/10
Low Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
1/3
54%
Days Pending
0/2
0 days

View all metro crash risk rankings →

☀️ Warm Market — Salem, OH metro
0
Days to pending
8.0%
Listings with price cuts
0.0%
Sale-to-list ratio
📅 Data as of August 29, 2026 — updated weekly

🎓 Colleges & Universities in Salem

3 Colleges 1,563 Students 393 Off-Campus Renters
C+
Allegheny Wesleyan College
4-Year Private · 70 students
C
Kent State University at Salem
4-Year Public · 1,463 students
📍 ~378 students rent off-campus
C
Hannah E Mullins School of Practical Nursing
Vocational Public · 30 students

ZIP Codes in Salem, OH

Screen every ZIP in Salem

Filter Salem’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Salem, OH

What is the investability score for Salem, OH?

Yes - Salem, OH a 3.0/5 investability score. With $192K home prices against $795/mo monthly rent, the market delivers a reasonable entry point for new investors.

What do rentals go for in Salem, OH?

Rental rates in Salem, OH average $795/mo. Tenant demand and $192K home values make the yield look reasonable by investor standards.

Do landlords face vacancy issues in Salem, OH?

Rental vacancy in Salem, OH is elevated. Investors should budget normal turnover but not chronic empty units.

What type of investing works in Salem, OH?

A careful cash-flow rentals with hands-on management strategy Salem, OH best. The market produces stable results for that approach at the $192K price point.

How do landlord-tenant laws work in Salem, OH?

OH law landlord-friendly for landlords, and Salem inherits those rules. Investors should still review local ordinances for rental licensing.

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