House Prices

Palmer Cove Salem, MA House Prices & Home Values 2026


Average Data

average house price$525,018
average size per house1697 ft²
average price per ft²292 $ / ft²

05/23/2026 - The value range (VR) for house prices in Palmer Cove Salem, MA is $277.4/ sqft to $306.6/ sqft. An average home with 1697 sqft costs approximately $442,974 to $489,603. 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 $292. Our analysis is based on 14 property listings.

Avergage prices by ZIP codes Palmer Cove Salem

01970298 $ / ft²




Historical development of home values in Palmer Cove Salem

Year Estimated value (USD) Change vs. 2025
2010 $243,828 -53.6%
2011 $234,399 -55.4%
2012 $233,768 -55.5%
2013 $242,506 -53.8%
2014 $254,564 -51.5%
2015 $267,629 -49.0%
2016 $281,596 -46.4%
2017 $296,795 -43.5%
2018 $313,203 -40.3%
2019 $327,726 -37.6%
2020 $344,668 -34.4%
2021 $392,022 -25.3%
2022 $457,010 -13.0%
2023 $481,938 -8.2%
2024 $509,819 -2.9%
2025 $525,018 0.0%

Graph: estimated home values in Palmer Cove Salem over time (USD)



Example: 100% financing house in Palmer Cove Salem

Loan amount: $525,018

Interest rate: 5.65%

Fixed monthly payment: $3,029.26

Breakdown in the 1st month:
Interest portion: $2,470.21  –  Principal portion: $559.05

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $29,466.16 $6,885.01 $518,132.99
2 $29,067.21 $7,283.96 $510,849.03
3 $28,645.15 $7,706.02 $503,143.01
4 $28,198.63 $8,152.54 $494,990.47
5 $27,726.24 $8,624.93 $486,365.54
6 $27,226.48 $9,124.70 $477,240.84
7 $26,697.75 $9,653.42 $467,587.42
8 $26,138.39 $10,212.78 $457,374.64
9 $25,546.62 $10,804.55 $446,570.09
10 $24,920.56 $11,430.61 $435,139.47
11 $24,258.22 $12,092.95 $423,046.52
12 $23,557.51 $12,793.67 $410,252.86
13 $22,816.19 $13,534.99 $396,717.87
14 $22,031.91 $14,319.26 $382,398.61
15 $21,202.19 $15,148.98 $367,249.63
16 $20,324.40 $16,026.77 $351,222.86
17 $19,395.74 $16,955.43 $334,267.43
18 $18,413.27 $17,937.90 $316,329.53
19 $17,373.87 $18,977.30 $297,352.23
20 $16,274.25 $20,076.92 $277,275.31
21 $15,110.91 $21,240.26 $256,035.04
22 $13,880.16 $22,471.01 $233,564.03
23 $12,578.09 $23,773.08 $209,790.95
24 $11,200.58 $25,150.59 $184,640.36
25 $9,743.25 $26,607.92 $158,032.44
26 $8,201.48 $28,149.70 $129,882.74
27 $6,570.36 $29,780.81 $100,101.93
28 $4,844.74 $31,506.43 $68,595.50
29 $3,019.12 $33,332.05 $35,263.45
30 $1,087.72 $35,263.45 $0.00

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 Palmer Cove Salem, MA


1500 sqft3900 sqft
Ø selling price$498,712$1,060,895
Ø fast selling$453,374$954,806
Ø high price sale$544,049$1,166,985

In 2026, houses in Palmer Cove Salem, MA will be offered at an average price of $292 per square foot. A 1,500 sqft home priced at $498,712 is 21.64% more expensive per square foot than a 3,900 sqft home priced at $1,060,895. Home prices in Palmer Cove 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 $734,466. Sellers who can wait longer may achieve a higher price of up to $897,681.

FAQ – Home Values in Palmer Cove Salem

What is the median home value in Palmer Cove Salem in 2026?

In 2026, the typical home value in Palmer Cove Salem is about $525,018 for an average home size of 1697 square feet. This corresponds to an average price of roughly $292 per square foot.

What is the average cost per square foot in Palmer Cove Salem?

In 2026, homes in Palmer Cove Salem sell for an average of around $292 per square foot, with a typical range between $277.4 and $306.6 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in Palmer Cove?

The average home size in Palmer Cove Salem is about 1697 square feet, with an estimated 2026 value around $525,018.



Neighborhoods close to Palmer Cove Salem, MA

Asbury Grove South Hamilton, MA402 $ / ft²
North Bellingham Bellingham, MA245 $ / ft²
Ponkapoag Canton, MA482 $ / ft²
Pigeon Cove Rockport, MA449 $ / ft²
West Peabody Peabody, MA270 $ / ft²
Salisbury Beach Salisbury, MA311 $ / ft²
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