Housing in Salem, IN
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$143,500
Median List Price
$185,000
Price Per Sq Ft
$132
Days on Market
79
Active Inventory
19
Months of Supply
1.9
Seller's market
Zillow Home Value
$199,598
ZHVI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
20.0%
Off Market in 2 Weeks
10.0%
Sale-to-List Ratio
98.4%
Buyer's market
Market Activity
Source: RedfinHomes Sold
10
New Listings
8
Pending Sales
10
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$132
Median List $/SF
$162
Salem vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Salem is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$136,800
Median Rent
$736
Total Housing Units
2,765
Vacancy Rate
5.4%
Owner Occupied
74.1%
Renter Occupied
25.9%
Median Property Tax
$848
per year
Monthly Cost (w/ Mortgage)
$791
Housing Types
The current median sale price in Salem, IN is $143,500 according to Redfin data. Homes spend a median of 79 days on the market. 20.0% of homes sold above asking price. The market has 1.9 months of supply. The median price per square foot is $132. The median rent is $736 per month (Census ACS). About 74.1% of housing units are owner-occupied. The median year homes were built is 1967. There are 2,765 total housing units.