Salem is a coastal city in Essex County, located on Massachusetts’ North Shore. It is a New England bedrock of history and is considered one of the most significant seaports. The city is home to the House of Seven Gables, Salem State University, Salem Willows Park, Forest River Park, Federal Street District and the Peabody Essex Museum. Salem is a residential and tourist area which includes the neighborhoods of Salem Neck, Downtown Salem District, The Point and more.
Much of the city’s cultural identity reflects its role as the location of the infamous Salem which trials of 1692, as featured in Arthur Miller’s The Crucible. Tourists know Salem as a mix of important historical sites and a vibrant downtown that has more than 60 restaurants, cafes, and coffee shops. In 2012, the Retailers Association of Massachusetts chose Salem for their inaugural “Best Shopping District” award.
Population of Salem is around 43,132, with 19,130 people and 9,708 families residing in the city. The population density is 4,986.0 people per square mile (1,926.1/km²). There is 18,175 housing units at an average density of 2,242.7 per square mile (866.3/km²).
The racial makeup of the city is 81.5% White, 4.9% African American, 2.6% Asian, 0.22% Native American, and 2.74 from two or more races.
The median income for a household in the city is $44,033, and the median income for a family is $55,635. Per capita income for the city is $23,857. About 6.3% of families and 9.7% of the population are below the poverty line, including 12.2% of those under age 18 and 7.9% of those age 65 or over.
Salem, MA Multi-family Property Market Data for 2017
The following set of numbers are the key indicators for the Salem multifamily market. The city of Salem has roughly 2,507 properties according public records. We will update this list on a monthly basis with the three primary market drivers. To view Salem listings click here.