City:

Salem, NJ

Salem is a city in the state of new-jersey with a population of roughly 10,030. It is in Salem County, New Jersey the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD core-based statistical areas (CBSA), and the Philadelphia-Reading-Camden, PA-NJ-DE-MD combined statistical area (CSA).Its Zip codes include 08079 .

The Recent Trends in Home Prices in Salem, NJ

Salem, NJ is a city located in Salem County, New Jersey, United States. As of the 2010 United States Census, the city's population was 27,814. Salem was founded by Dutch colonists in 1660 and became an important commercial center for the region. The city has been the home of several notable people including Jonathan Edwards and John Adams.

Real estate in Salem is primarily made up of residential properties and small businesses. The city has a population density of 2,700 people per square mile which is lower than most other municipalities in New Jersey. There are also a number of single-family homes available for purchase as well as apartments and condos.

The real estate market in Salem is stable with prices generally increasing over time. The average price for a home in the city was $269,000 as of May 2016 which is higher than the statewide average but lower than some other municipalities in New Jersey such as Newark or Elizabeth. There are also a number of rental properties available for purchase or rent including apartments and condos.

Price Index: Wilmington, DE-MD-NJ (MSAD)

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