Surrounding submarket Area
Salem, Massachusetts is a part of the North Shore Submarket submarket area, and contains zip codes 01970 and 01971.
Salem Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Salem, MA submarket area was $2,062, which is 23.99% higher than 2014 average rent. This represents a compounded annual growth rate of 4.39%. 2019 vacancy in Salem, MA was 3.20%.
The total population of the city of Salem, MA has grown 5.37% since 2010. As of 2018, the population was 43,559. The median household income of the Salem was $65,565, which is 8.74% higher than the national average.
- submarket area North Shore Submarket
- avg rent $2,062
- rent growth 23.99%
- vacancy 3.20%
- median income $65,565
- population (2018) 43,559
- population growth 5.37%
- vs. nat'l avg 8.74%
- zip codes 01970 01971