Is Salem, OH a good place to invest in rental property?

Salem, OH has a median modeled monthly cash flow of $-552 and a median cap rate of 2.9%, on a median sold price of $195,000. Prices changed +6.6% year over year.

What is the average cap rate in Salem, OH?

The median cap rate across recently sold homes in Salem, OH is 2.9%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Salem, OH?

The median sold price in Salem, OH is $195,000 (about $145 per square foot).

Investing in Salem, OH Real Estate

A data-driven snapshot of the Salem, OH rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$195,000Median sold price

$145Median $/sqft

2.9%Median cap rate

$-552Modeled cash flow / mo

+6.6%Appreciation YoY

5.9Months of supply

127Active listings

260Sold (last 12 mo)

What the Salem numbers say

In Salem, OH, the median home sold for $195,000 (about $145 per square foot), and the typical deal models out to a 2.9% cap rate with a median $-552 of monthly cash flow. Sold prices moved +6.6% over the past year. Inventory sits at about 5.9 months of supply. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Ohio markets to compare

See Salem cash-flowing listings

CashFlowRE ranks every for-sale home in Salem, OH by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Salem deals, or browse the national market data.