Performance indicators for the Salem short-term rental market based on reliable data.
Listings
Reliable / Active
Cap Rate
Middle-Earners Gross Yield
Revenue
Middle-Earners Revenue
Occupancy
Middle-Earners Occupancy
Home Value
Median Home Sale Price
Top Earners
Top-Earners Revenue
The highest-performing listings in Salem.
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Challenging to Investors
STRs are legally recognized (as “Vacation Rentals”) but are constrained: they are not permitted in single‑family districts and B&Bs are banned in those zones, so allowable areas are limited. The process is multi‑step—zoning permit, site plan review, conditional use/BZA hearing, and building/life‑safety inspections—creating time, cost and approval uncertainty. No caps are cited, and the tone is administrative rather than restrictive, but the zone limitations and procedural hurdles keep the environment challenging for investors.
Local STR Agent
STR specialist · Salem, OH
Salem is a city in northern Columbiana County, Ohio, United States. At the 2020 census, the city's population was 11,915. Extending into southern Mahoning County, it is the principal city of the Salem micropolitan area, which includes all of Columbiana County. It lies about 18 miles (29 km) southwest of Youngstown, 28 miles (45 km) east of Canton, and 60 miles (97 km) southeast of Cleveland. Founded by the Quaker society in 1806, Salem was notably active in the abolitionist movement of the early- to mid-19th century as a hub for the American Underground Railroad. Through the 20th century, Salem served as one of many industrial towns in Northeast Ohio's Mahoning Valley region. Today, the city is a commuter town and an economic center of Columbiana County, home to Allegheny Wesleyan College and Kent State University at Salem.