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Salem city, NJ

ZIP 08079 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 08079

Median Home Value
$180,300
Median Rent
$871
Affordability Snapshot
$50,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,158/mo PITI).

17%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.0x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

17.3 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 08079 in Salem city, NJ, a household would need roughly $50,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,158. That sits below the local median household income ($60,375), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 17% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
58.3%-11% vs US avg
x
Vacancy Rate
17.1%+66% vs US avg
x
Broadband Access
84.2%-3% vs US avg
x
4+ Bedrooms
3.3%-77% vs US avg
x
Built Pre-1939
11.9%-7% vs US avg
x
Built Post-2014
0.4%-95% vs US avg
x
Rent Burden >30%
33.6%-32% vs US avg
x
Mortgage-Free
48.4%+27% vs US avg
x
$180,300
Home Value
$871
Rent
1953
Year Built
2010
Moved In

Residents have lived here since ~2010 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached60.1%
  • 1-unit attached12.8%
  • 2-9 units17.9%
  • 10+ units7.0%
  • Mobile home & other2.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$180,300
Median rent$871
Owner-occupied58.3%
Vacant17.1%
Price-to-income3.0x
Est. income to buy$50,000