The story of this market
The typical home in ZIP 03079 sells for about $667,000, or $355 per square foot.
Prices are up +4.2% from a year ago, so sellers still have some momentum. Homes take about 34 days to sell. HUD's fair market rent for a two-bedroom is $1,625 a month.
ZIP 03079 — Salem
The Salem housing market remains resilient with steady demand and limited inventory, keeping prices elevated. While interest rates have tempered some buyer activity, the area's strong economic base and proximity to major employment hubs continue to drive consistent sales. Market conditions are currently characterized by a competitive environment for well-priced, move-in-ready homes.
This ZIP is ideal for families and commuters who value suburban living with convenient access to major highways. It attracts those seeking a balance between proximity to Boston/Manchester employment hubs and the recreational amenities of southern New Hampshire.
Median prices moved up 4.2% year over year.
Homes spend a median of 34 days on market with 2.8 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 99.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.8% · poverty 5.0% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 9.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 03079, Rockingham County NH
Salem generally experiences lower crime rates compared to larger urban centers in the region, with property crime being the primary concern. Local law enforcement maintains a stable presence, and the area is considered safe for families.
The Salem School District serves the area with schools generally receiving average to above-average ratings, focusing on college and career readiness. The district is well-regarded for its community involvement and extracurricular programs.
The area faces moderate risks from winter storms and occasional heavy precipitation, which can lead to localized flooding. Property insurance premiums are influenced by these regional climate factors and the proximity to forested areas.
Economic momentum is driven by the retail and commercial corridor along I-93, which serves as a major employment hub. Ongoing infrastructure improvements and mixed-use developments continue to attract businesses and residents to the area.
New Hampshire does not have a general sales tax or state income tax on wages, relying heavily on local property taxes to fund municipal and school services. Property tax rates are determined by local municipal and school district budgets, with assessments conducted by the town.
Residents benefit from direct access to I-93, providing a primary transit corridor for commuters traveling to Manchester or the Greater Boston area. Public transit options are limited, making personal vehicle ownership essential for most daily commutes.
The area features access to Canobie Lake and several local parks, including the Salem Town Forest, which offers trails for hiking and outdoor activities. Shopping and dining are concentrated along the Route 28 corridor, providing extensive retail options.
The rental market remains competitive with steady demand, driven by the area's proximity to major employment centers. Vacancy rates are low, and there is a mix of traditional apartment complexes and single-family home rentals.
The economy is anchored by retail, hospitality, and light industrial sectors, benefiting from its strategic location on the Massachusetts border. Major employers include regional retail centers and service-based businesses.
The area is served by I-93, which is the primary artery for regional travel. Infrastructure focus remains on managing traffic flow along the Route 28 and I-93 corridors.
Development is currently focused on the expansion of mixed-use projects like Tuscan Village, which aims to increase housing density and commercial activity.
Parcels are subject to municipal and school district taxes, with no significant MUD/PID structures common in other states.
Property insurance rates are stable but reflect regional risks associated with severe weather events common in New England.
Data retrieved from data.census.gov using ZCTA 03079 profile.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Canobie Lake Park4.52 mi
- Kimball Farm Westford4.619.9 mi
- K1 Speed Boston-Wilmington4.215.4 mi
- Dave & Buster's Woburn4.119.4 mi
- Water Park of New England3.817.6 mi
- Canobie Lake Park4.52 mi
- Cider Hill Farm4.716.2 mi
- Tsongas Center4.510 mi
- The Brook4.217.9 mi
- SNHU Arena4.419.1 mi
- Canobie Lake Park4.52 mi
- AMC Methuen 204.33.7 mi
- Cinemark Rockingham Park and XD4.70.9 mi
- Wamesit Lanes - Family Entertainment Center ( Bowling & Arcade Game Rooms )4.311 mi
- Showcase Cinema de Lux Lowell4.412.7 mi
- Currier Museum of Art4.719.5 mi
- America's Stonehenge4.44.6 mi
- SEE Science Center4.519.5 mi
- Lowell National Historical Park Visitor Center4.510.4 mi
- Boott Cotton Mills Museum4.810.1 mi
- Benson Park4.89.6 mi
- Harold Parker State Forest4.712.5 mi
- Griffin Park4.83.2 mi
- Winnekenni Castle4.67.8 mi
- Shedd Park4.510.7 mi
- Crescent Yacht Club4.47.3 mi
- Pheasant Lane Mall4.312.4 mi
- The Mall at Rockingham Park4.41 mi
- Tuscan Village4.40.6 mi
- Kohl's4.113 mi
- Burlington4.25.2 mi
- Boston Logan International Airport4.130.3 mi
- Manchester-Boston Regional Airport4.615.3 mi
- Portsmouth International Airport4.629.3 mi
- Park Shuttle & Fly4.528.6 mi
- The Lounge3.430 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A major regional amusement park and historic landmark.
Extensive trail network for hiking and nature observation.
A large regional shopping destination with numerous retail and dining options.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.