Salem
Salem County, NJ08079Local property tax rates, FHA loan limits, and home price data for Salem, New Jersey.
Est. Monthly Tax
$1,264/mo
Est. P&I Payment (80% LTV, 7% rate, 30yr)
$1,845/mo
Buying a Home in Salem?
Salem is located in Salem County, New Jersey. Based on recent Zillow Home Value Index data, the estimated median home price in Salem is approximately $346,556.
The effective property tax rate for Salem is 4.378%, resulting in an estimated annual property tax of $15,172 (or roughly $1,264 per month). Property taxes are a critical factor in your total monthly housing payment, especially when qualifying for an FHA loan.
The current FHA loan limit for Salem County is $561,200. This means FHA financing is available for homes up to that purchase price with as little as 3.5% down. Conventional conforming loan limits may differ — contact a licensed NJ mortgage originator for the most current figures.
To estimate your full monthly payment — including principal & interest, property taxes, and mortgage insurance — use our free calculator below.
Get a Custom Rate Estimate for Salem
Enter your purchase price and zip code to see a real payment estimate from a licensed South Jersey mortgage originator.
Data source: Zillow Home Value Index (ZHVI) paired with 2024 General/Effective Tax Rates from the NJ Department of Community Affairs. FHA Loan Limits per HUD guidelines. All figures are estimates and subject to change.