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Salem CDP, GA

ZIP 31016 — Housing & Real Estate

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

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 31016

Median Home Value
$184,700
Median Rent
$453
Affordability Snapshot
$51,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,186/mo PITI).

12%
Rent-to-Income Ratio

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

3.9x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

34.0 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 31016 in Salem CDP, GA, a household would need roughly $51,000 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 $1,186. That is roughly in line with the local median household income ($47,096). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
84.2%+29% vs US avg
x
Vacancy Rate
9.6%-6% vs US avg
x
Broadband Access
69.3%-20% vs US avg
x
4+ Bedrooms
3.4%-77% vs US avg
x
Built Pre-1939
3.0%-77% vs US avg
x
Built Post-2014
0.5%-92% vs US avg
x
Rent Burden >30%
3.7%-92% vs US avg
x
Mortgage-Free
64.4%+69% vs US avg
x
$184,700
Home Value
$453
Rent
1978
Year Built
2001
Moved In

Residents have lived here since ~2001 on average

Housing Structure

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

  • 1-unit detached80.9%
  • 1-unit attached1.3%
  • 2-9 units0.0%
  • 10+ units0.0%
  • Mobile home & other17.8%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$184,700
Median rent$453
Owner-occupied84.2%
Vacant9.6%
Price-to-income3.9x
Est. income to buy$51,000