The story of this market
The typical home in ZIP 24153 sells for about $228,000, or $181 per square foot.
Prices are up +3.2% from a year ago, so sellers still have some momentum. Homes take about 20 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,124 a month.
ZIP 24153 — Salem
The housing market in 24153 remains stable with low inventory and consistent demand for established residential properties. Prices have seen modest year-over-year growth, supported by the area's appeal to families and its proximity to major regional employers. Market velocity is steady, reflecting a balanced environment for buyers and sellers.
This ZIP is well-suited for family buyers and long-term residents seeking established, quiet neighborhoods with solid housing stock and convenient access to regional amenities.
Median prices moved up 3.2% year over year.
Homes spend a median of 20 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 98.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.0% · poverty 9.9% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 2.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 24153, Roanoke County/Salem VA
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
The area is served by established public schools within the Salem and Roanoke County systems, generally regarded as stable with consistent performance metrics.
The region is subject to standard regional flood and wind risks; property insurance remains available but premiums are sensitive to national hazard trends.
The area benefits from proximity to the Roanoke Valley employment core, with steady demand for established residential housing and limited new large-scale commercial development.
Property taxes are assessed at the local level by the respective county or city jurisdiction; rates are determined by annual budget requirements and property valuations.
Residents primarily commute via major corridors like I-81 and US-460 toward the Roanoke employment hub, with typical drive times reflecting regional traffic patterns.
The area features access to local parks, community trails, and proximity to the Roanoke River, with shopping and dining concentrated along the Main Street corridor.
The rental market is characterized by steady demand for single-family and townhouse units, with limited vacancy pressure and stable rent growth.
The local economy is anchored by healthcare, education, and manufacturing sectors within the broader Roanoke Valley, providing a stable employment base.
Development is primarily focused on infill and residential maintenance rather than large-scale new construction projects.
Parcels are subject to standard municipal and county tax levies, with no major special assessment districts reported.
Property insurance remains stable, though premiums are influenced by regional weather patterns and national carrier adjustments.
Data retrieved from data.census.gov ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Extensive trail system providing recreational access along the river.
Primary commercial hub featuring over 50 local restaurants and retail shops.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.