Market Snapshot
Report generated March 2026
| Indicator | Value |
|---|---|
| Population | 25,477 ↑ 0.5% since 2020 |
| Median Household Income | $66,716 11% below national median |
| Median Home Value | $244,800 |
| Unemployment Rate | 3.4% |
| Median Age | 40.3 years |
| Housing Vacancy Rate | 8.6% |
| Total Land Sales (Past 12 Months) | 35 transactions |
| Active Listings | 7 properties |
| Avg Days on Market | 678 days |
Rural Land Sales (1+ Acres) (Jun 2025 – Jun 2025)
| Metric | Value |
|---|---|
| Median Price/Acre | $55,814 |
| Recent Sales | 12 transactions |
| Avg Days on Market | 648 days |
| Avg Parcel Size | 4.30 acres |
| Active Listings | 4 properties |
Recent Rural Land Sales
| Date | Acres | Price | $/Acre | Location |
|---|---|---|---|---|
| Jun 2025 | 1.04 | $18,000 | $17,308 | Salem |
Suburban/Urban Land Sales (Under 1 Acre) (Oct 2025 – Nov 2025)
| Metric | Value |
|---|---|
| Median Lot Price | $42,000 |
| Recent Sales | 23 transactions |
| Avg Days on Market | 693 days |
| Avg Parcel Size | 0.50 acres |
| Active Listings | 3 properties |
Recent Suburban/Urban Land Sales
| Date | Acres | Price | Location |
|---|---|---|---|
| Nov 2025 | 0.29 | $42,000 | Salem |
| Oct 2025 | 0.16 | $45,726 | Salem |
| Oct 2025 | 0.60 | $200,000 | Salem |
| Oct 2025 | 0.45 | $1,000 | Salem |
County Profile
| Demographic | Value |
|---|---|
| Total Population (2023) | 25,477 |
| Population (2020) | 25,346 |
| Population Growth | 0.52% |
| Median Household Income | $66,716 |
| Median Home Value | $244,800 |
| Total Housing Units | 11,096 |
| Vacant Housing Units | 956 |
| Housing Vacancy Rate | 8.6% |
| Median Age | 40.3 |
| Bachelor's Degree or Higher | 3,113 (12.2%) |
| Unemployment Rate | 3.4% |
Market Overview
Salem city, Virginia has a population of 25,477, which has grown 0.52% since 2020. The median household income is $66,716, below the national median of $74,580 by 10.5%. The housing vacancy rate of 8.6% suggests balanced market conditions. As part of Virginia, Salem city benefits from the state's growing interest in vacant land investment. Recent rural land sales show a median price of $55,814 per acre, with properties averaging 4.30 acres. There are currently 7 active land listings in the county.
Related Resources
Nearby County Reports
Frequently Asked Questions
What is the current population of Salem city, Virginia?
As of the 2023 American Community Survey, Salem city has a population of 25,477. The county has grown 0.52% since the 2020 Census, indicating a growing community.
What is the median household income in Salem city?
The median household income in Salem city is $66,716, which is 10.5% below the national median of $74,580.
Is Salem city growing or shrinking?
Salem city is growing. The population has increased 0.52% since 2020.
What is the housing market like in Salem city?
The median home value in Salem city is $244,800. The housing vacancy rate is 8.6%, which suggests balanced market conditions. The unemployment rate is 3.4%, reflecting the local economic conditions. Recent rural land sales (1+ acres) show a median price of $55,814 per acre. Suburban/urban lots under 1 acre have a median lot price of $42,000.
Does Reelvest buy land in Salem city, Virginia?
Yes! Reelvest Properties buys vacant land throughout Virginia, including Salem city. We make cash offers within 24-48 hours, close in 14-30 days, and pay all closing costs. Get your free cash offer today.
Data Sources: Market data reflects recent vacant land transactions in the county. Demographic data from U.S. Census Bureau American Community Survey (2023), Bureau of Labor Statistics (2025). Updated monthly.