The typical owner-occupied home in Salome is worth about $117,400, 70% below the Arizona median of $394,500 and 65% below the national median of $332,700. The median household earns $79,960 a year, so the median home costs 1.5 times the median income (4.9 times for Arizona). 87% of occupied homes here are lived in by their owners, and 28% of those owners still have a mortgage.
Salome at a glance
| Salome | Arizona | U.S. | |
|---|---|---|---|
| Median home value | $117,400 | $394,500 | $332,700 |
| Median property tax paid per year | – | $1,879 | $3,119 |
| Median household income | $79,960 | $79,964 | $80,734 |
| Homes lived in by their owners | 87% | 67% | 65% |
| Owner homes with a mortgage | 28% | 62% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,803 | $1,963 |
| Median rent | – | $1,543 | $1,413 |
| Median year homes were built | 1977 | 1992 | 1980 |
| Vacant homes | 49.6% | 10.5% | 10.1% |
| Population | 730 | 7,378,838 | 334,922,499 |
What a typical home costs per month in Salome
At this week's average 30-year rate of 7.11%, buying the median Salome home of $117,400 with 20% down costs about $788 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $984, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $33,786 for the 20%-down payment. That payment is 12% of the median Salome household income of $79,960; at that income and 20% down, the 28% guideline points to a home of about $278,000.
| Down payment | $23,480 |
|---|---|
| Loan amount | $93,920 |
| Principal and interest | $632 |
| Property taxes (1.10% a year) | $108 |
| Homeowners insurance (our estimate, 0.5% a year) | $49 |
| PMI | $0 |
| Total per month | $788 |
Change the numbers in the calculator
| Down payment | $4,109 |
|---|---|
| Loan amount | $115,274 |
| Principal and interest | $775 |
| Property taxes (1.10% a year) | $108 |
| Homeowners insurance (our estimate, 0.5% a year) | $49 |
| FHA mortgage insurance | $52 |
| Total per month | $984 |
Change the numbers in the calculator
Questions about home buying in Salome
What is the median home value in Salome?
About $117,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
What income do you need to buy a home in Salome?
For the median home with 20% down at 7.11%, the payment is about $788 a month. Keeping that under 28% of gross income takes about $33,786 a year.
More about Salome
- Mortgage Refinance in Salome
- Debt Relief in Salome
- Home Equity Loans in Salome
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data