US5.com
  1. Home
  2. States
  3. Virginia
  4. ZIP 24153
  5. Housing & Real Estate
Salem city, VA

ZIP 24153 — 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 24153

Median Home Value
$251,400
Median Rent
$868
Affordability Snapshot
$69,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,615/mo PITI).

14%
Rent-to-Income Ratio

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

3.5x
Home Price-to-Income Ratio

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

24.1 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 24153 in Salem city, VA, a household would need roughly $69,000 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 $1,615. That is roughly in line with the local median household income ($72,691). 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
71.7%+10% vs US avg
x
Vacancy Rate
7.9%-23% vs US avg
x
Broadband Access
88.3%+1% vs US avg
x
4+ Bedrooms
5.2%-65% vs US avg
x
Built Pre-1939
6.1%-52% vs US avg
x
Built Post-2014
0.6%-91% vs US avg
x
Rent Burden >30%
23.8%-52% vs US avg
x
Mortgage-Free
37.6%-2% vs US avg
x
$251,400
Home Value
$868
Rent
1972
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

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

  • 1-unit detached77.8%
  • 1-unit attached2.8%
  • 2-9 units6.7%
  • 10+ units10.0%
  • Mobile home & other2.8%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$251,400
Median rent$868
Owner-occupied71.7%
Vacant7.9%
Price-to-income3.5x
Est. income to buy$69,000