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Salem, IL

Full City Profile · Illinois · Marion County County

2.9 /5.0
C+ Fair
7,341 Population 1,050/sq mi density
$57,083 Median Income $31,213 per capita
$99,800 Home Value $143,214 Zillow
$752 Median Rent 23.9% income on rent
55°F Avg Temperature 293 sunny days/yr
298 Violent Crime/100K 4,736 property/100K
C+
Overall
2.9 / 5.0
Fair overall score based on economy, affordability, safety and education
B+
Economy
3.6 / 5.0
$57,083 median income, 1.6% unemployment
A+
Affordability
5.0 / 5.0
$99,800 home value, $752/mo rent
F
Safety
1.0 / 5.0
298 violent crimes/100K
C
Education
2.2 / 5.0
14.8% bachelor's degree or higher

Housing Overview

Median Home Value
$99,800
65% below
US avg: $281,900
Median Rent
$752/mo
35% below
US avg: $1,163/mo
Homeownership Rate
62.8%
4% below US avg (65.4%)
Total Housing Units
3,276
Median year built: 1970

Home Value by Source

Census Median
$99,800
Zillow (ZHVI)
$143,214
Median Sale Price
$125,000
Median List Price
$99,250
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

62.8%
Owner-Occupied
37.2%
Renter-Occupied
63%
37%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$774/mo
1 Bedroom
$854/mo
2 Bedroom
$1,063/mo
3 Bedroom
$1,370/mo
4 Bedroom
$1,561/mo
Census median rent: $752/mo

Market Indicators (Redfin)

Median Days on Market
168 days
Sale-to-List Ratio
0.9%
Buyers market
Homes Sold
1
Price Drops
25.0%
of listings with price reduction
Price Per Sq Ft
$124
Active Inventory
16
homes for sale

Affordability & Housing Stock

Rent Burden
23.9%
of renters spending 30%+ of income on housing
23% below US avg (31.0%)
Median Year Built
1970
Average age of housing stock: 56 years
Homeownership Rate
62.8%

Complete Housing Data

Home Values

Census Median Value$99,800
Zillow Home Value (ZHVI)$143,214
Median Sale Price$125,000
Median List Price$99,250
Price Per Sq Ft$124

Rent

Census Median Rent$752
FMR Studio$774
FMR 1-Bedroom$854
FMR 2-Bedroom$1,063
FMR 3-Bedroom$1,370
FMR 4-Bedroom$1,561

Market

Days on Market168
Sale-to-List Ratio0.9%
Price Drops25.0%
Homes Sold1
Active Inventory16
Price Per Sq Ft$124

Ownership & Stock

Owner-Occupied62.8%
Renter-Occupied37.2%
Homeownership Rate62.8%
Total Housing Units3,276
Median Year Built1970
Rent Burden23.9%