Salem, VA housing market: August 2026
What's happening in the Salem market right now.
12-month outlook
−0.5% to +3.5% for the typical Salem home value over the next 12 months.
A projection from past prices (the trend of the last 3 and 12 months, damped), not a prediction or advice. Local conditions can move faster than any trend.
Sources: Zillow Home Value Index, August 2026 · Zillow Observed Rent Index, August 2026.
Salem market — questions answered
What is the typical home value in Salem, VA?
$310,395 as of August 2026, +4.1% on a year earlier (Zillow Home Value Index).
Are home prices going up in Salem, VA?
Yes — the typical home value changed +4.1% over the year to August 2026 and +31.6% over five years.
How much is rent in Salem, VA?
The typical rent is $1,631 a month as of August 2026, +1.4% on a year earlier (Zillow Observed Rent Index).
Who are the best real estate agents in Salem, VA?
Homegrity lists 182 licensed Salem agents, each checked against the state license register. Placement is never bought. See them at /real-estate-agents/salem-va.