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Salem, IN

Full City Profile · Indiana · Washington County County

2.9 /5.0
C+ Fair
6,484 Population 1,536/sq mi density
$51,786 Median Income $25,661 per capita
$136,800 Home Value $202,273 Zillow
$736 Median Rent 32.6% income on rent
55°F Avg Temperature 293 sunny days/yr
33 Violent Crime/100K 3,439 property/100K
C+
Overall
2.9 / 5.0
Fair overall score based on economy, affordability, safety and education
B+
Economy
3.6 / 5.0
$51,786 median income, 2.8% unemployment
A+
Affordability
5.0 / 5.0
$136,800 home value, $736/mo rent
F
Safety
1.0 / 5.0
33 violent crimes/100K
C
Education
2.2 / 5.0
14.5% bachelor's degree or higher

Housing Overview

Median Home Value
$136,800
51% below
US avg: $281,900
Median Rent
$736/mo
37% below
US avg: $1,163/mo
Homeownership Rate
74.1%
13% above US avg (65.4%)
Total Housing Units
2,693
Median year built: 1966

Home Value by Source

Census Median
$136,800
Zillow (ZHVI)
$202,273
Median Sale Price
$174,500
Median List Price
$182,950
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

74.1%
Owner-Occupied
25.9%
Renter-Occupied
74%
26%
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: $736/mo

Market Indicators (Redfin)

Median Days on Market
74 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
4
Price Drops
26.1%
of listings with price reduction
Price Per Sq Ft
$151
Active Inventory
23
homes for sale

Affordability & Housing Stock

Rent Burden
32.6%
of renters spending 30%+ of income on housing
5% above US avg (31.0%)
Median Year Built
1966
Average age of housing stock: 60 years
Homeownership Rate
74.1%

Complete Housing Data

Home Values

Census Median Value$136,800
Zillow Home Value (ZHVI)$202,273
Median Sale Price$174,500
Median List Price$182,950
Price Per Sq Ft$151

Rent

Census Median Rent$736
FMR Studio$816
FMR 1-Bedroom$882
FMR 2-Bedroom$1,096
FMR 3-Bedroom$1,391
FMR 4-Bedroom$1,590

Market

Days on Market74
Sale-to-List Ratio1.0%
Price Drops26.1%
Homes Sold4
Active Inventory23
Price Per Sq Ft$151

Ownership & Stock

Owner-Occupied74.1%
Renter-Occupied25.9%
Homeownership Rate74.1%
Total Housing Units2,693
Median Year Built1966
Rent Burden32.6%