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
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-Occupied | 94.0% |
| Renter-Occupied | 6.0% |
| Homeownership Rate | 94.0% |
| Total Housing Units | 223 |
| Median Year Built | 1938 |
| Rent Burden | 24.5% |
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