Housing & Real Estate — Salem, Indiana

Overview

Total Housing Units2,765
Occupied2,616
Vacant149
Owner-Occupied1,939
Renter-Occupied677
Median Home Value (Census)$144,700
Estimated 2026~$165,000
Median Rent$736/mo
Median Property Tax$896/yr

Affordability

Home Price to Income RatioN/Ax
Home Affordabilityaffordable
Rent as % of Income15.6%
Severely Rent-Burdened48.1%

Housing Age

Built 2010 or later120
Built 2000-2009195
Built 1990-1999287
Built before 19601,165
Median Year Built1966
Sources: Census ACS 5-Year 2023; Census ACS 5-Year 2023, B25077; HUD FMR FY2026.