Salisbury, Maryland Housing Market Prices
Salisbury Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 32% below the Maryland median$182,685
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Median rent 27% below the Maryland median$1,241
Housing Market Overview
| Metric | Salisbury | Maryland Avg | US Average |
|---|---|---|---|
| Median Home Price | $182,685 | $267,101 | $248,835 |
| Price Trend (Annual %) | 5.6% | 3.4% | 7.5% |
| Median Gross Rent | $1,241 | $1,704 | $1,407 |
| Rent Trend (Annual %) | 2.9% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Salisbury is about 32% lower than in Maryland. Rent is about 27% lower than the Maryland average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Salisbury, up about 5.6% and 2.9% a year respectively. Home prices are changing faster.
Median rent in Salisbury rose about 25.9% between 2015 and 2024, from $986 to $1,241. Over the same span, rent in Maryland rose about 38.7%.
Affordability
On average, housing unit costs 2.9 yearly household incomes in Salisbury.
Buying the median-priced home in Salisbury costs roughly 12.3 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Salisbury. The price-to-rent ratio in Maryland is about 13.1.
| Metric | Salisbury | Maryland Avg | US Average |
|---|---|---|---|
| Median Home Price | $182,685 | $267,101 | $248,835 |
| Median Household Income | $62,262 | $103,916 | $80,455 |
| Price-to-Income Ratio | 2.9 | 2.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Salisbury rose about 34.9%, while median household income rose about 34.2% between 2009 and 2025 — keeping pace with each other.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Salisbury | Maryland Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 35.9% | 62.4% | 58.5% |
| Rental Rate | 53.4% | 29.9% | 31.2% |
| Vacancy Rate | 10.6% | 7.7% | 10.2% |
| Median Tenure (years) | 9.0 | 15.0 | 15.0 |
| Median Year Moved In | 2017 | 2011 | 2011 |
Salisbury has a homeownership rate of 35.9%, lower than the Maryland average of 62.4%. Its housing vacancy rate is 10.6%, compared with 7.7% in Maryland.
Housing Stock
| Metric | Salisbury | Maryland Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.45 people | 2.57 people | 2.53 people |
| Median Structure Built Year | 1974 | 1977 | 1978 |
| Median Number of Rooms | 5.4 | 6.2 | 5.5 |
The typical housing unit in Salisbury was built around 1974. On average, 2.5 people live in a home with about 5.4 rooms, staying for about 9.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Salisbury, Maryland.
What is the median home price in Salisbury, Maryland?
The median home price in Salisbury, Maryland is $182,685, lower than the Maryland average of $267,101.
What is the average home price in Salisbury, Maryland?
The typical home price in Salisbury, Maryland, reported as the median sale price, is $182,685. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Salisbury, Maryland?
The median gross rent in Salisbury, Maryland is $1,241 per month, lower than the Maryland average of $1,704.
What was the median gross rent in Salisbury in 2020?
In 2020, the median gross rent in Salisbury, Maryland was $1,054 per month.
What is the price-to-rent ratio in Salisbury, Maryland?
The price-to-rent ratio in Salisbury, Maryland is about 12.3, meaning it would take roughly 12.3 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Salisbury.
Are home prices or rent rising faster in Salisbury, Maryland?
Both home prices and rent are rising in Salisbury, up about 5.6% and 2.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Salisbury, Maryland?
35.9% of households in Salisbury, Maryland own their home, lower than the Maryland average of 62.4%.
What is the vacancy rate in Salisbury, Maryland?
The housing vacancy rate in Salisbury, Maryland is 10.6%, higher than the Maryland average of 7.7%.
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