HomeMassachusettsEssex CountySalem city
Salem city, Massachusetts: commercial real estate data.
Salem city is a Census city of 44,795 people across 8.29 square miles of land, in Essex County. Median household income is $85,153, 49.7 percent of occupied homes are owned, and the SBA record carries 132 7(a) approvals to borrowers here worth $16.2 m.
78 sourced place values · tier FULL · 8 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Salem
What Salem is
- Census place typecity
- Land area8.29 sq mi
- Water area10.01 sq mi
- Population per square mile of land5,401
- County holding the largest share of its areaEssex County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Salem
How many people live in Salem
- Population44,795
- Median age39.3
- Population under 187,041
- Share under 1815.7 percent
- Population 65 and over7,721
- Share 65 and over17.2 percent
- Households20,267
- Family households10,453
- Share of households that are families51.6 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Salem
Income and work in Salem
- Median household income$85,153
- Per capita income$50,339
- Civilian labor force26,957
- Employed25,579
- Unemployed1,378 plus or minus 331
- Unemployment rate5.1 percent plus or minus 1.2
- Adults 25 and over33,046
- Adults 25 and over with a high school diploma or higher91.9 percent
- Adults 25 and over with a bachelor degree or higher47.8 percent
- Adults 25 and over with a graduate degree20.5 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Salem
Housing in Salem
- Housing units21,492
- Occupied units20,267
- Vacant units1,225 plus or minus 329
- Vacancy rate5.7 percent plus or minus 1.5
- Owner occupied10,073
- Renter occupied10,194
- Ownership rate49.7 percent
- Median owner-occupied home value$542,800
- Median gross rent, monthly$1,836
- Annual rent as a share of median income25.9 percent
- Single family units6,465
- Share single family30.1 percent
- Units in buildings of two or more15,022
- Share in buildings of two or more69.9 percent
- Mobile homes5 plus or minus 9
- Median year structure built1938
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Salem
How Salem gets to work
- Workers 16 and over who commute19,644
- Commuting under 15 minutes5,135
- Share commuting under 15 minutes26.1 percent
- Commuting 30 minutes or more7,496
- Share commuting 30 minutes or more38.2 percent
- Drove alone55.9 percent
- Carpooled5.9 percent plus or minus 1.6
- Public transport5.3 percent plus or minus 1.3
- Walked6.6 percent
- Worked from home21.6 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Salem
SBA loans in Salem (7(a))
- Approvals132
- Gross approval$16,157,900
- Average approval$122,408
- Median approval$52,500
- Ninetieth percentile approval$330,000
- Largest approval$999,500
- Jobs supported1,106
- Jobs per approval8.4
- Loans with a final outcome22
- Paid in full20
- Charged off2
- Charge-off rate over resolved loans9.1 percent
- Median term120 months
- Share on real estate terms of 20 years or more1.5 percent
- Share to franchises0.0 percent
- Distinct lenders18
- Distinct industries by NAICS65
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Salem
SBA loans in Salem (504)
- Approvals43
- Gross approval$26,579,000
- Average approval$618,116
- Median approval$331,000
- Largest approval$4,960,000
- Jobs supported247
- Loans with a final outcome13
- Charged off1
- Charge-off rate over resolved loans7.7 percent
- Median term240 months
- Distinct CDCs3
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Essex County, not Salem
Essex County context, not Salem figures
These are Essex County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Salem measurements.
- Establishments in Essex County19,988
- Employment at those establishments, Essex County287,960
- Covered employment, Essex County323,694
- Average annual pay, Essex County$75,548
- Average weekly wage, Essex County$1,453
- Housing units permitted, Essex County1,011
- Of those, single family, Essex County393
- County product, 2024, Essex County$60,732,738,000
- County product change over the prior year, Essex County4.3 percent
- Average income of an arriving household, Essex County$106,455
Every figure in this section is published for Essex County as a whole and is not a measurement of Salem. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Salem questions, answered from the record.
How many people live in Salem, Massachusetts?
44,795, in 20,267 households. Salem city covers 8.29 square miles of land, which is 5,401 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Salem in?
Essex County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Salem?
$85,153. The median owner-occupied home is valued at $542,800. Median gross rent is $1,836 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Salem businesses?
132 7(a) approvals totalling $16.2 m, across 18 lenders, median approval $52,500, plus 43 504 approvals worth $26.6 m. These count approvals to borrowers whose address is in Salem, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Salem borrowers get paid back?
Of the 22 loans that have reached a final outcome, 20 were paid in full and 2 charged off, a charge off rate of 9.1 percent. Loans still running are excluded because they have not yet succeeded or failed.
Are the county figures on this page Salem figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Essex County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Salem.
Is zoning published for Salem?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
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