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North Salem, IN

Full City Profile · Indiana · Hendricks County County

3.2 /5.0
B Good
602 Population 1,771/sq mi density
$61,563 Median Income $26,399 per capita
$172,700 Home Value $335,876 Zillow
$1,550 Median Rent 24.5% income on rent
51°F Avg Temperature 293 sunny days/yr
263 Violent Crime/100K 1,082 property/100K
B
Overall
3.2 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.2 / 5.0
$61,563 median income, 1.4% unemployment
A+
Affordability
5.0 / 5.0
$172,700 home value, $1,550/mo rent
F
Safety
1.0 / 5.0
263 violent crimes/100K
C+
Education
2.7 / 5.0
21.6% bachelor's degree or higher

Housing Overview

Median Home Value
$172,700
39% below
US avg: $281,900
Median Rent
$1,550/mo
33% above
US avg: $1,163/mo
Homeownership Rate
94.0%
44% above US avg (65.4%)
Total Housing Units
223
Median year built: 1938

Home Value by Source

Census Median
$172,700
Zillow (ZHVI)
$335,876
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

94.0%
Owner-Occupied
6.0%
Renter-Occupied
94%
6%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$816/mo
1 Bedroom
$882/mo
2 Bedroom
$1,096/mo
3 Bedroom
$1,391/mo
4 Bedroom
$1,590/mo
Census median rent: $1,550/mo

Affordability & Housing Stock

Rent Burden
24.5%
of renters spending 30%+ of income on housing
21% below US avg (31.0%)
Median Year Built
1938
Average age of housing stock: 88 years
Homeownership Rate
94.0%

Complete Housing Data

Home Values

Census Median Value$172,700
Zillow Home Value (ZHVI)$335,876

Rent

Census Median Rent$1,550
FMR Studio$816
FMR 1-Bedroom$882
FMR 2-Bedroom$1,096
FMR 3-Bedroom$1,391
FMR 4-Bedroom$1,590

Market

Ownership & Stock

Owner-Occupied94.0%
Renter-Occupied6.0%
Homeownership Rate94.0%
Total Housing Units223
Median Year Built1938
Rent Burden24.5%