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Salem city, KY

ZIP 42078 — 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 42078

Median Home Value
$78,700
Median Rent
$475
Affordability Snapshot
$22,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$506/mo PITI).

12%
Rent-to-Income Ratio

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

1.6x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

13.8 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 42078 in Salem city, KY, a household would need roughly $22,000 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 $506. That sits below the local median household income ($48,155), 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 26% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
86.7%+33% vs US avg
x
Vacancy Rate
26.2%+155% vs US avg
x
Broadband Access
77.9%-10% vs US avg
x
4+ Bedrooms
0.5%-96% vs US avg
x
Built Pre-1939
8.2%-36% vs US avg
x
Built Post-2014
0.7%-91% vs US avg
x
Rent Burden >30%
11.0%-78% vs US avg
x
Mortgage-Free
70.6%+85% vs US avg
x
$78,700
Home Value
$475
Rent
1975
Year Built
2002
Moved In

Residents have lived here since ~2002 on average

Housing Structure

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

  • 1-unit detached78.2%
  • 1-unit attached0.0%
  • 2-9 units1.8%
  • 10+ units1.0%
  • Mobile home & other19.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$78,700
Median rent$475
Owner-occupied86.7%
Vacant26.2%
Price-to-income1.6x
Est. income to buy$22,000