Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the New Salem area can be challenging. Home prices in New Salem are now at a median cost of $178,400, higher than the Indiana average of $175,617.
The average cost of rent is $692/mo in New Salem, primarily driven by the current value of real estate in the New Salem area. While nearly 41.96% of residents own their homes outright in New Salem, 1.61% rent.
Housing affordability isn’t just about home prices, though. The average household income in New Salem is $5,030 per month. Households that rent pay about 13.76% of their income on rent here. New Salem's most expensive areas are in the northeastern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Glenwood, IN: less expensive homes
- Mauzy, IN: less expensive homes
- Rushville, IN: less expensive homes
- Milroy, IN: less expensive homes
- Columbia, IN: less expensive homes
- Clarksburg, IN: higher priced homes
- Gings, IN: less expensive homes
- Laurel, IN: less expensive homes
- Williamstown, IN: equally priced homes
- Buena Vista, IN: higher priced homes
Cities with Similar Populations
- Waldwick, WI: higher priced homes
- Clover Creek, WA: higher priced homes
- Cloverland, IN: less expensive homes
- Clymers, IN: less expensive homes
- Coalton, IL: less expensive homes
- Cobalt, ID: higher priced homes
- Coffey, MO: less expensive homes
- Colbert Heights, AL: less expensive homes
- Darlington, AL: higher priced homes
- Ellistown, MS: less expensive homes
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