Median price for residential apartments in as of Sep, 2021.
Remember to negotiate your price according to median sale prices. Also, take into account that the price depends on the size/amenities of the apartment.
28 Salem, IN 47167, USA apartments for sale
Salem
According to statistics, the population in Salem, IN amounts to 6,191, which shows decline 0% compared to the previous year. The median age of the city’s residents is 40. The average household income is $34,483, shifting growth 4% from the past year, and the average property value in Salem, IN decline -2% to $81,700 throughout the year.
| Population | 6,191 |
| Median Age | 39.7 |
| Poverty Rate | 20% |
| Household Income | $34,483 |
| Number Of Employees | 2,516 |
| Median Property Value | $81,700 |
Household Income
The average household income in Salem, IN grew from $33,022 to $34,483 in the past year. This data is an estimate based upon 2,697 households in Salem, IN . The chart below presents how household income is distributed in Salem, IN in comparison to the revenue allocation amid households nationally.
- USA
- Salem, IN
Property Value
According to data from last year, the average property value in Salem, IN shifted from $83,700 to $81,700 throughout the year. The subsequent graph indicates the share of properties in the given price range in Salem, IN in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Salem, IN properties falls in the '$60,000 to $69,999' range, which is lower than the most significant median property across the country.
- USA
- Salem, IN
Rent vs. Own
- Rent62%
- Own38%
Property Taxes
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Salem, IN compared to median property taxes around the country. The prevalent amount of property taxes in Salem, IN equals $800, which is less than the national average.
- USA
- Salem, IN
Housing Trends
Salem, IN 47167, USA Housing Trends
Average sale in Salem: $242,966 (+55.8%)
| Apartment Size | Sep | vs Last Month |
|---|---|---|
| 3 bed apartments | $246,950 | +31.1% |
| 4+ bed apartments | $235,000 | +119.3% |
During Sep 2021, the average price for an apartment in/near Salem, IN increased by 55.8% to $242,966.
Reports state that an average 3-bed apartment price did not change, so you can still get yourself one for $246,950. According to statistics, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around $235,000 for a big-family home.
| Listing Type | Sep | vs Last Month |
|---|---|---|
| Apartments for sale | $59,900 | N/A |
| Houses for sale | $242,500 | +45.6% |
| Lofts for sale | $243,900 | N/A |
While assessing the property pricing Salem, IN, you can note that it remains flat with a price tag of $59,900. According to statistics, average house is still $242,500 with no significant changes this month. The price statistics of lofts have not significantly changed, it now still goes for $243,900.
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