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CondominiumResidential
$487,956$417 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 95How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Oct 21, 2026
Last sold for $550,000 on Aug 3, 2022

40 SCHOOL ST

SALEM, MA 01970
2
Beds
2
Baths
1,169 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
3,690 ft²
Lot SizeThe size of the land the home sits on, from county records.
1880
Year BuiltThe year the home was originally built, according to county records.
2
StoriesHow many floors the home has above ground.
6
RoomsThe total room count in county records. Counties differ on which rooms they count, so compare it loosely.

Valuation

$488K
$462K low$513K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$550,000 · Aug 3, 2022

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$5,310 (2026)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$492,600 (2026)
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$492,600
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$467,000
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$490,343

Climate Risk

Overall riskThe average of the five hazard scores below, on a 0 to 100 scale. Higher means greater projected risk over the coming decades.33
1
FloodProjected flooding risk from rivers, heavy rain, and storm surge, scored 0 to 100. Higher is riskier.
1
WildfireProjected wildfire risk, scored 0 to 100, based on how much land burns in a typical year. Higher is riskier.
52
HeatProjected heat risk, scored 0 to 100, based on how many extremely hot days a year are expected. Higher is riskier.
83
StormProjected risk from heavy rainstorms, scored 0 to 100, based on how often extreme rainfall is expected. Higher is riskier.
32
DroughtProjected water shortage risk, scored 0 to 100. Higher means more strain on the local water supply.
FEMA Flood ZoneFEMA's flood zone for this address. Zones starting with A or V are high risk, and lenders usually require flood insurance there.minimal

Scores 0–100; higher = greater projected risk.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Condominium
StyleThe architectural style of the home, such as ranch or colonial.Condo/Apartment
CountyESSEX
Lot (acres)The size of the land the home sits on, from county records.0.09
ConstructionThe main material the home's frame and walls are built from.Frame (Unspecified)
RoofThe main material covering the roof, such as asphalt shingle or tile.Asphalt
HeatingThe type of heating system in the home.Forced Air With Air Conditioning
CoolingThe type of cooling or air conditioning in the home.Yes
PoolWhether the property has a pool, and what kind, such as in-ground.No

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

E
BatesC
Elementary · Grades PK–5 · 0.5 mi
H
Salem Preparatory High School
High · Grades 9–12 · 0.8 mi
M
Collins Middle SchoolD
Middle · Grades 6–8 · 0.9 mi

District: Salem School District

Neighborhood · ZIP 01970These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.116
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.93
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.87

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.95%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.29%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.11%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.2%
PopulationHow many people live in this area.44,728
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.4,443 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$85,271
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$107,638
Average tempThe average temperature here across a full year.50°F
Annual precipHow much rain and melted snow falls here in a typical year.46 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.58%

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Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

40 School St measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Worth less than 84% of homes in Essex County
  • Smaller than 83% of homes in Essex County
  • Has a smaller lot than 94% of homes in Essex County
  • Older than 92% of homes in Essex County

What homes are worth in Salem 01970

Each bar is how many homes fall in that price range. The marker is this home.

This home
$316K$1.2M

This home is worth more than 23% of homes in Salem 01970.

How it measures up in Salem 01970

The dot is this home. The mark in the middle is the typical home in Salem 01970.

Estimated value$487,956
CheaperTypical $605,794Pricier

Pricier than 23% of homes nearby

Price per ft²$417
CheaperTypical $418Pricier

Pricier than 50% of homes nearby

Living area1,169 ft²
SmallerTypical 1,655 ft²Bigger

Bigger than 23% of homes nearby

Lot size3,690 ft²
SmallerTypical 0.15 acBigger

Bigger than 19% of homes nearby

Year built1880
OlderTypical 1920Newer

Newer than 20% of homes nearby

How 40 School St ranks against every home in each area.
MeasureThis homeSalem 01970Essex County
Estimated valuepricier than$487,95623% of homes16% of homes
Price per ft²pricier than$41750% of homes56% of homes
Living areabigger than1,169 ft²23% of homes17% of homes
Lot sizebigger than3,690 ft²19% of homes6% of homes
Year builtnewer than188020% of homes8% of homes

About 40 School St

How much is 40 School St, Salem, MA worth?

The TopHap Estimate for 40 School St, Salem, MA is $487,956 as of Oct 21, 2026. The likely range is $462,493 to $513,419. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 40 School St, Salem, MA last sell?

40 School St, Salem, MA last sold on Aug 3, 2022 for $550,000, according to the county's recorded deed.

How big is 40 School St, Salem, MA?

40 School St, Salem, MA has 2 bedrooms, 2 bathrooms, 1,169 square feet of living space and a 0.09-acre lot.

When was 40 School St, Salem, MA built?

40 School St, Salem, MA was built in 1880, making it 146 years old. It is a condo/apartment home. The building has 2 stories.

What schools serve 40 School St, Salem, MA?

40 School St, Salem, MA is assigned to Bates (elementary), rated C; Salem Preparatory High School (high); Collins Middle School (middle), rated D. All sit in Salem School District. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 40 School St, Salem, MA compare to other homes in Salem 01970?

Among the 12,071 homes in Salem 01970, it is worth more than 23% of them ($487,956 against a typical $605,794), its price per square foot is higher than 50% of them ($417 against a typical $418), it is bigger than 23% of them (1,169 ft² against a typical 1,655 ft²), its lot is bigger than 19% of them (3,690 ft² against a typical 0.15 ac) and it is newer than 20% of them (1880 against a typical 1920). Measured against all of Essex County, it is worth more than 16% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 40 School St, Salem, MA?

The 2026 property tax bill for 40 School St, Salem, MA was $5,310. The county assessed it at $492,600.

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