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These days, finding an affordable place to live in the North Salem area can be challenging. Home prices in North Salem are now at a median cost of $285,518, higher than the Indiana average of $232,932.
The average cost of rent is $1,291/mo in North Salem, primarily driven by the current value of real estate in the North Salem area. In North Salem, 9.78% of households rent, and 35.80% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in North Salem is $7,007 per month. Households that rent pay about 18.43% of their income on rent here. North Salem’s most expensive areas are in the southern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Montclair, IN: higher priced homes
- Lizton, IN: equally priced homes
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- Roachdale, IN: less expensive homes
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- New Brunswick, IN: less expensive homes
- New Ross, IN: less expensive homes
- Reno, IN: equally priced homes
- Carpentersville, IN: less expensive homes
Cities with Similar Populations
- Hull, TX: less expensive homes
- Simpson, NC: less expensive homes
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- Pinetop Country Club, AZ: higher priced homes
- Legion, TX: higher priced homes
- Kilmichael, MS: less expensive homes
- Killdeer, ND: higher priced homes
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