Why Live in Depot Village
Depot Village in Salem, New Hampshire, offers a diverse range of homes, from compact mobile homes and garden-style condos to three-bedroom townhouses, Cape Cods, ramblers, Colonial Revivals, and bilevels. The neighborhood features homes built from the early 1900s to recent constructions within the last decade. Streets become more suburban and tree-lined as you move away from the main roads, with mobile homes, condos, and townhouses concentrated around South Broadway. Residents enjoy proximity to Canobie Lake, a 375-acre reservoir ideal for kayaking, sailing, and fishing, and Canobie Lake Park, a popular amusement park. The Salem Rail Trail provides a multi-use path for hikers and cyclists extending to Methuen, Massachusetts. Depot Village is home to the Mall at Rockingham Park, the largest shopping mall in New Hampshire, and Rockingham Plaza, which includes a Market Basket supermarket. Tuscan Village offers upscale dining and fast-casual options, along with low-rise condo complexes. South Broadway and Main Street are the main commercial areas, featuring eateries like MaryAnn’s Diner and Giovanni’s Roast Beef and Pizza. Tuscan Village hosts public events such as summer concert series, Christmas markets, car shows, and Fourth of July fireworks. The neighborhood has improved pedestrian infrastructure with sidewalks and bike lanes, making it less car-dependent. Commuters can drive 34 miles to Boston or take the Boston Express bus from Raymond Avenue. Depot Village is served by the Salem School District, with Woodbury Middle School being highly rated. The area has a low crime risk compared to the national average.
Frequently Asked Questions
Is Depot Village a good place to live?
Depot Village is a good place to live. Depot Village is considered car-dependent and somewhat bikeable. It has a median age of 46. The average household income is $113,884 which is above the national average. College graduates make up 39.7% of residents. A majority of residents in Depot Village are home owners, with 44.9% of residents renting and 55.1% of residents owning their home. A
local real estate agent serving Depot Village can help you decide if this neighborhood is the right one for you. Learn more on our
Depot Village neighborhood guide.
How much do you need to make to afford a house in Depot Village?
The median home price in Depot Village is $587,450. If you put a 20% down payment of $117,500 and had a 30-year fixed mortgage with an interest rate of 6.77%, your estimated principal and interest payment would be $3,050 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $131K a year to afford the median home price in Depot Village. The average household income in Depot Village is $114K.
What are the best public schools in Depot Village?
The best public schools that serve Depot Village are:
What are the best private schools in Depot Village?
The best private schools that serve Depot Village are:
What are the most popular zip codes in Depot Village, Salem, NH?
What are the most popular neighborhoods near Depot Village, Salem, NH?
Are home prices dropping in Depot Village?
Yes, home prices in Depot Village are down 19% in the last 12 months.
Home Trends in Depot Village, NH
On average, homes in Depot Village, Salem sell after 33 days on the market compared to the national average of 50 days. The median sale price for homes in Depot Village, Salem over the last 12 months is $594,950, down 15% from the median home sale price over the previous 12 months.
Median Sale Price
$594,950
Median Single Family Sale Price
$560,000
Median Townhouse Sale Price
$730,000
Median 2 Bedroom Sale Price
$262,500
Median 1 Bedroom Sale Price
$635,000
Average Price Per Sq Ft
$389
Number of Homes for Sale
7
Last 12 months Home Sales
62
Median List Price
$587,450
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-15%