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Derby Street Neighborhood Salem, MA House Prices & Home Values 2026Average Data
05/23/2026 - The value range (VR) for house prices in Derby Street Neighborhood Salem, MA is $272.65/ sqft to $301.35/ sqft. An average home with 1672 sqft costs approximately $422,593 to $467,076. Salem, MA includes 1 ZIP codes and it is located in Essex county. The lowest prices are found in ZIP 01970, while the highest are in ZIP 01970. The average price per sqare feet is $287. Our analysis is based on 14 property listings. Avergage prices by ZIP codes Derby Street Neighborhood Salem
Historical development of home values in Derby Street Neighborhood Salem
Graph: estimated home values in Derby Street Neighborhood Salem over time (USD)Example: 100% financing house in Derby Street Neighborhood SalemLoan amount: $517,207 Interest rate: 5.56% Fixed monthly payment: $2,956.80
Breakdown in the 1st month: Yearly breakdown (100% financing)
Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included. How to sell in Derby Street Neighborhood Salem, MA
In 2026, houses in Derby Street Neighborhood Salem, MA will be offered at an average price of $287 per square foot. A 1,500 sqft home priced at $482,879 is 21.32% more expensive per square foot than a 3,900 sqft home priced at $1,027,216. Home prices in Derby Street Neighborhood Salem, MA vary significantly depending on the property’s condition and exact location. For a quick sale, a 2,700 sqft home should be listed at around $711,149. Sellers who can wait longer may achieve a higher price of up to $869,183. Derby Street Neighborhood, Salem MA: Historic Waterfront LivingThe Derby Street Neighborhood in Salem, MA blends a storied maritime past with vibrant, walkable city living. Anchored by Derby Wharf and the Salem Maritime National Historic Site, this waterfront district showcases cobblestone charm and harbor views. History and LandmarksHistory buffs appreciate 18th- and 19th-century homes, the Custom House, and interpretive trails that trace Salem?s global trade era. Museums, plaques, and guided tours create rich context while keeping attractions conveniently clustered along Derby Street and nearby lanes. Seasonal festivals and tall ship visits add photogenic moments that boost the area?s cultural profile and tourism appeal. Lifestyle and AmenitiesResidents and visitors enjoy indie boutiques, artisan galleries, and locally loved restaurants serving fresh seafood, craft beer, and creative New England fare. Housing and AccessDerby Street real estate ranges from restored Federal and Victorian row houses to modern condos, offering options for buyers and renters seeking character and convenience. Commuters value easy access to downtown Salem, the MBTA commuter rail, and scenic drives to Boston?s North Shore attractions. With strong walkability, year-round events, and authentic coastal charm, the Derby Street Neighborhood ranks among Salem?s most desirable places to live and explore. FAQ – Home Values in Derby Street Neighborhood SalemWhat is the median home value in Derby Street Neighborhood Salem in 2026?In 2026, the typical home value in Derby Street Neighborhood Salem is about $517,207 for an average home size of 1672 square feet. This corresponds to an average price of roughly $287 per square foot. What is the average cost per square foot in Derby Street Neighborhood Salem?In 2026, homes in Derby Street Neighborhood Salem sell for an average of around $287 per square foot, with a typical range between $272.65 and $301.35 per square foot, depending on the property’s location, condition, and lot size. What is the average home size in Derby Street Neighborhood?The average home size in Derby Street Neighborhood Salem is about 1672 square feet, with an estimated 2026 value around $517,207. Neighborhoods close to Derby Street Neighborhood Salem, MA
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