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Salem County, NJ

RANK #310 / 996  ·  POP 64,840  ·  NJ

PROJECTED GROWTH: +1.5%

Salem County combines solid growth with real affordability — a rare combination.

[01] Why Salem County?

Salem County, New Jersey, distinguishes itself with its preserved rural character and Quaker heritage, evident in towns like Woodstown with its classic Main Street feel. Located in South Jersey, it serves as the westernmost county, bordered by the Delaware River and connected to Delaware via the Delaware Memorial Bridge. Philadelphia is approximately an hour away, making it a consideration for commuters. The community offers a quieter pace of life, with extensive farmlands and natural scenery, including six rivers and over 34,000 acres of marshland. Outdoor recreation opportunities include birding at Supawna Meadows National Wildlife Refuge and hiking at Fort Mott and Parvin State Parks.

Life in Salem County often appeals to those seeking affordability, open spaces, and a small-town environment. Many residents own their homes, and the county's public schools are generally above average. Commute times are shorter than the state average, and while some residents commute to nearby cities like Philadelphia, the county also attracts remote workers. The local economy is supported by sectors such as agriculture, with a long history of farming, and manufacturing, including glass companies. Recent economic developments also show investment in energy and infrastructure.

[02] Market Snapshot

Housing Ratio
2.4x

Undervalued relative to economy

GDP Growth
+4.5%

Well above national median

Home Prices
+1.6%

Above national median

Climate & Terrain
-0.2

Below-average climate & terrain

Price/Rent
15x

Above national median (13x)

Housing looks undervalued at 2.4x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Salem County U.S. National

The Numbers

DEMOGRAPHICS
Population
64,840
+0.14% YoY
Median Household Income
$73,378
Median Home Value
$208,200
+1.58% 12mo
Median Rent
$1,165
Average Annual Pay
$67,562
+3.5% YoY
Employment
21,587
-2.8% YoY
Income-to-Home-Value
0.3524
More affordable than average
Migration Inflow
3.2%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$207,750
Days on Market
68
Slower market
Months of Supply
4.8
Balanced market
Sale-to-List Ratio
98.8%
Near asking price
Sold Above List
34.1%
Listings w/ Price Drops
20.5%
Building Permits (2024)
64
Single-Family Permits
64

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$1,310M
TOTAL
PROJECT AMOUNT STATUS
New Jersey Wind Port (Phase 1 & 2)
New Jersey Economic Development Authority (NJEDA)
$637M Under Construction
Orchard 230kV Battery Project
Undisclosed
$415M Planned
Nichomus Run Solar Project
Enel Green Power
$150M In Development
Carneys Point Logistics Park (707,400 sq ft)
EQT
$70M Planned
Fenwick Creek Solar Project
AES Corporation
$38M Planned
Salem & Hope Creek Nuclear Plant License Extensions
PSEG Nuclear LLC
Proposed

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +4.5% 79 percentile
Population Growth +0.1% 36 percentile
Income Growth +8.1% 38 percentile
Vacancy Rate 1.2% 37 percentile
Home Price Change +1.6% 54 percentile
Price/Rent 15x 36 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Salem County, NJ a good place to move to?

Salem County has a Boom Town Index score of 69/100, ranking #310 among 996 U.S. counties. With job growth at -2.8% and a median household income of $73,378, it's an above-average county on economic indicators.

Is Salem County affordable?

The median home value in Salem County is $208,200 with median rent at $1,165/month. The income-to-home-value ratio is 0.3524, which is more affordable than the national average.

Is Salem County growing or shrinking?

Population growth: +0.1% year-over-year. Job growth: -2.8%. Home values changed +1.6% in the past 12 months.

Are people moving to Salem County?

Yes — 3.2% of Salem County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

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