26426, Salem, WV

Salem, West Virginia is located in the Appalachian region of the United States. The 26426 zip code covers an area of approximately 2 square miles and has a population of approximately 6,000. Home equity and home prices in this zip code are among the lowest in the country.

The average home value in this zip code is $50,000. The median home value is $41,500 and the median household income is $30,000. Approximately 60% of households in this zip code own their homes outright while 40% are owner-occupied with a mortgage. The percentage of households that owe more than their home's worth is high at 73%. This indicates that there are a large number of homeowners who are able to afford their homes but may be struggling to pay off their mortgages.

The average monthly payment on a mortgage in this zip code is $1,811 which indicates that most households are able to afford their homes despite having high levels of debt burden. Despite being one of the poorest areas in West Virginia, Salem has maintained strong housing values over time due to low levels of unemployment and poverty rates which have remained relatively stable over recent years.