Salem, Massachusetts is a part of the North Shore Submarket submarket area, and contains zip codes 01970 and 01971.
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.