Studio Apartments for Rent in Salem, MA

Salem's rich historical legacy comes alive through world-renowned attractions like the Peabody Essex Museum, featuring the 200-year-old Yin Yu Tang Chinese house, and the Salem Maritime National Historic Site where visitors can explore the 1797 merchant ship replica Friendship of Salem. The city's haunting past is preserved at sites like the Salem Witch Trials Memorial and The Witch House, the only remaining structure directly connected to the 1692 trials. The dining scene features distinctive restaurants like Ledger Restaurant & Bar, housed in the former Salem Savings Bank building, and Turner's Seafood at Lyceum Hall, serving classic New England seafood in a historic setting.

The Salem real estate market spans diverse price points across distinct neighborhoods. The median sale price in Salem is $580,000, with median single family home prices reaching $675,000. In the prestigious Chestnut Street area, the median single family home price rises to $1,585,000, while Collins Cove presents more moderate options with a median of $510,000. Condo seekers will find median one-bedroom prices of $405,000 in Salem Common and $316,500 in South Salem.

Property taxes in Salem maintain a 1.07% effective rate, matching nearby Beverly, Peabody, and Marblehead. The Massachusetts state income tax rate is 5.00% for a yearly salary of $48,593.00. Salem's educational landscape includes highly rated private schools like Tower School and North Shore Christian School, plus Salem State University. The city connects easily to Boston via a 30-minute MBTA commuter rail ride or seasonal ferry service from May through October. The walkable downtown area places most attractions, shops, and restaurants within a convenient mile radius.