How has pricing changed in Charter Street Historic District over the past year?

Prices in Charter Street Historic District, Salem, Massachusetts are down 4.6% over the past year. The neighborhood is priced in line with Salem and about 11% above Massachusetts, with gross yield at 5.5%. The Red Flag score is 61, walkability is 88, and education is in the 50th percentile.

What should buyers know about walkability and schools in Charter Street Historic District?

Walkability in Charter Street Historic District, Salem, Massachusetts is 88, and education is in the 50th percentile. The data also shows gross yield at 5.5%, pricing in line with Salem and about 11% above Massachusetts, and a Red Flag score of 61. Prices are down 4.6% over the past year.

Neighborhood

Charter Street Historic District

Salem, Massachusetts US

Charter Street Historic District, Salem, Massachusetts has a walkable, mid-yield profile with elevated risk and a softer price trend. Pricing is in line with Salem and about 11% above Massachusetts, while gross yield is 5.5%. Prices are down 4.6% over the past year. The Red Flag score is 61, walkability is 88, and education is in the 50th percentile, balancing strong pedestrian access against a higher risk reading.

AI Summary•Updated May 2026

Area

6.18 mi²

ZIP Code

01970

County

Essex County

State

Massachusetts

Redfin — median sale & volumeZillow ZORI — asking rentFEMA National Risk Index v1.20OpenStreetMap — POIFBI UCR — state crimeEPA — radon zonesEPA FRS / BTS — hazard screeningUS Census ACS / TIGER 2024

Verified Price · Median Sale

$589,825

YoY-4.6%

Gross Rental Yield

5.5%

Listed rent · ZORI annualized

Red Flag Index

High

61 / 100

Walkability Score

Very Walkable

OpenStreetMap POI density · national percentile

Education Score

50 / 100

Fair · better than 50% of U.S. districts

Pre-pandemic SEDA (2018/19) · district proxy

AI Score

Fair

DistrictScore attractiveness · national model

Charter Street Historic District Property Prices & Rental Yield

Verified Redfin sale data and Zillow ZORI asking rent for Charter Street Historic District, Salem.

Unlock the Charter Street Historic District 12-month price trend

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Market Economics Snapshot

May 2026

Metric	Value	YoY
Median Sale Price	$589,825	-4.6%
Price / Sq Ft (Verified)	$423/sqft	+1.2%
Asking Rent (Median)	$2,717/mo	+3.0%
Gross Rental Yield	5.5%	—
Liquidity Score	33 / 100	Moderate
Homes Sold (Period)	106	-23.2%

Is Charter Street Historic District Safe? Natural-Hazard Risk

FEMA National Risk Index composite across eight hazards, plus inherited Massachusetts crime context.

Red Flag Breakdown

61 / 100

High Risk

Composite is weighted by expected impact — frequent low-damage hazards (hail, wind) weigh less than flood or wildfire.

Flood100Very High

Hurricane80Very High

Earthquake80Very High

Tornado60High

Heat40Moderate

Strong Wind40Moderate

Wildfire20Low

Hail20Low

8/8 hazards scored · FEMA NRI v1.20

Crime (state-level): Massachusetts averaged 14.3 crimes and 3.1 violent per 1,000 residents (+0.1% YoY) in 2024(FBI UCR). Compare the state to the country, not states as a ranking — full Safety & Crime data lives on the state page.

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Tract-level hazard heatmap & parcel detail with Pro

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What Stands Out AI Insight

Above-average gross rental yield at 5.5%

Highly walkable neighborhood — score 88/100

Active transaction volume — 106 homes sold last period

Dense amenities — 98 dining & 19 grocery options nearby

Flood risk is Very High (100/100)

Hurricane risk is Very High (80/100)

Insights are generated from Charter Street Historic District's live DistrictScore metrics.

Charter Street Historic District Environment & Safety

Satellite PM2.5 air-quality history, FBI UCR crime trend (Massachusetts-level, the finest official aggregation), EPA radon potential and point-source hazard screening.

Massachusetts Crime Trend

FBI UCR

20132024

All crimes / 1k

Violent / 1k

Year	Crimes / 1k	Violent / 1k	YoY
2024	14.3	3.1	+0.1%
2023	14.4	3.2	+4.2%
2022	14.0	3.2	+7.4%
2021	13.0	3.0	-3.1%
2020	13.6	3.1	-9.8%
2019	15.1	3.3	—

Reported at the state level — the finest official US crime aggregation; Charter Street Historic District inherits the Massachusetts figures.

Radon Potential

EPA

Zone 1

Zone 1 — Highest potential · Charter Street Historic District

EPA radon zones estimate indoor radon potential county-wide (Zone 1 highest, Zone 3 lowest). Testing is recommended in all zones.

Environmental Hazards

EPA / BTS

Superfund (NPL)2.5 kmHigh

Industrial odor3 nearbyVery High

Point-source screening near Charter Street Historic District: EPA Superfund National Priorities List & Facility Registry (2026), BTS aviation noise (2020, 24-hour average level). Superfund shows distance to the nearest listed site; odor shows detected sources within the screening radius. Only detected sources are listed; the bar shows severity vs. all U.S. neighborhoods.

Walkability & Amenities in Charter Street Historic District

Amenity density and pedestrian access from OpenStreetMap points of interest.

Walkability & Amenities

OpenStreetMap POI

88

Very Walkable

Walkability Score

19

Grocery

98

Dining

11

Schools

8

Universities

0

Hospitals

5

Pharmacies

32

Parks

2

Rail Transit

1

Coworking

POI counts are amenities within Charter Street Historic District's boundary plus a 400 m walk buffer. Rail transit excludes bus stops.

Charter Street Historic District vs Salem vs Massachusetts

How Charter Street Historic District benchmarks against its city and state medians.

Benchmark vs City & State

In Charter Street Historic District, the median sale price sits in line with the median for Salem neighborhoods and about 14% above the statewide median. Gross rental yield is 5.5%, against 5.5% for Salem neighborhoods and 4.8% statewide. Over the past 12 months, prices fell 4.6%. Transaction liquidity sits in line with the median for Salem neighborhoods and above the statewide median.

Area	Median / Sq Ft	Gross Yield	Liquidity
Charter Street Historic District	$423/sqft	5.5%	33
Salem	$423/sqft	5.5%	33
Massachusetts	$372/sqft	4.8%	20

Unlock the Charter Street Historic District benchmark

Compare Charter Street Historic District against Salem and Massachusetts medians — free with a DistrictScore account.

Buying Property in the US as a Foreigner

Federal & Massachusetts tax facts for non-resident buyers, plus the latest local market news.

Buying as a Foreigner

US Tax & Ownership

Applies to everyone7

Capital Gains (Federal)

Long-term capital gains taxed federally at 0/15/20%, plus a 3.8% Net Investment Income Tax on higher incomes (2026).

Property Tax

Property tax: ~0.95% average effective rate (statewide average; set and collected locally).

State Income Tax

State income tax up to 5% (+4% surtax over $1M); rental income is taxed at these rates.

State Capital Gains

Capital gains are taxed as ordinary income at state rates.

Transfer Tax

Real estate transfer tax: $4.56 per $1,000.

Assessment Cap

No Proposition 13-style assessment cap; property is reassessed at market value.

Mansion Tax / Rent Control

No statewide mansion tax or statewide rent control.

US citizens & tax residents7

Primary-Home Exclusion

Selling your main home: exclude up to $250k of gain (single) / $500k (married) if you owned and lived there 2 of the last 5 years.

1031 Like-Kind Exchange

A 1031 like-kind exchange defers capital gains tax on investment property; 45 days to identify, 180 to close. Real estate only.

Depreciation Recapture

Residential rentals depreciate over 27.5 years; on sale, recaptured depreciation is taxed up to 25% (Section 1250).

Mortgage Interest Deduction

Mortgage interest is deductible on up to $750k of home debt. The SALT cap rose to $40,000 for 2025-2029 (reverts to $10k in 2030).

Opportunity Zones

Opportunity Zones are now permanent (2025): reinvested capital gains get deferral plus a basis step-up, and are tax-free after 10 years.

Rental Income (Resident)

Rental income is reported on Schedule E; passive-loss rules (Section 469) limit deducting rental losses against other income.

1031 State Conformity

Conforms to 1031 but tracks deferred in-state gain after an out-of-state exchange.

Foreign buyers (non-residents)5

FIRPTA (Foreign Sellers)

FIRPTA: the buyer withholds 15% of the gross sale price when a nonresident sells US property. It is an advance deposit, not the final tax.

Non-Resident Capital Gains

Nonresident sellers pay US capital gains tax (generally 15-20%) on the net gain via Form 1040-NR; FIRPTA withholding is credited.

Non-Resident Rental Tax

Nonresident rental income is taxed at 30% of gross by default, or on net income at graduated rates via a Section 871(d) election (W-8ECI).

Estate Tax (Non-Resident)

Nonresidents get only a $60,000 US estate-tax exemption (vs $13.99M for residents); US property above it is taxed up to 40%. Treaties may help.

ITIN Requirement

Nonresidents without an SSN need an ITIN (Form W-7) to file US tax returns, claim FIRPTA refunds, and report rental income.

Talk to a US real-estate tax advisor

FIRPTA, ITIN & Massachusetts property-tax guidance for foreign buyers

Latest Salem Real-Estate News

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Guaranteed Rate • Jun 18, 2026

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Charter Street Historic District Real Estate FAQ

Charter Street Historic District, Salem, Massachusetts has gross yield at 5.5% and walkability of 88. Pricing is in line with Salem and about 11% above Massachusetts, while prices are down 4.6% over the past year. The Red Flag score is 61, and education is in the 50th percentile.

Neighborhoods near Charter Street Historic District

Compare Charter Street Historic District with nearby neighborhoods in Salem.

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