Land Market Insights and Pricing in Salem County, New Jersey

Salem County, New Jersey, offers diverse land opportunities along the Delaware River's western boundary. This westernmost county features a flat coastal plain ideal for agriculture and development. With the largest municipality spanning 72.46 square miles, Salem boasts potential for expansive land parcels. The county's strategic location in the Philadelphia metropolitan area balances rural charm with urban accessibility. Waterfront properties, marshlands, and fertile agricultural areas characterize the landscape. Salem's economy is evolving, with a growing logistics and warehouse sector potentially influencing land values. However, prospective buyers should note the 3.03% effective property tax rate, significantly higher than the national average. Despite an unemployment rate of 7.5%, above the national average, Salem's median worker earnings of $46,634 surpass the U.S. median. This unique blend of natural resources, economic potential, and strategic location makes Salem County an intriguing destination for land investors.