Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the South Salem area can be challenging. Home prices in South Salem are now at a median cost of $178,300, higher than the Indiana average of $175,617.
The average cost of rent is $395/mo in South Salem, primarily driven by the current value of real estate in the South Salem area. While nearly 60.40% of residents own their homes outright in South Salem, 17.22% rent.
Housing affordability isn’t just about home prices, though. The average household income in South Salem is $5,526 per month. Households that rent pay about 7.15% of their income on rent here. South Salem's most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Harrisville, IN: less expensive homes
- Union City, IN: less expensive homes
- Union City, OH: less expensive homes
- Long, OH: less expensive homes
- Spartanburg, IN: less expensive homes
- Saratoga, IN: less expensive homes
- Rural, IN: less expensive homes
- Winchester, IN: less expensive homes
- Snow Hill, IN: less expensive homes
- Elroy, OH: less expensive homes
Cities with Similar Populations
- Oak Grove, CO: higher priced homes
- Red Beach, ME: equally priced homes
- Red Apple Orchard, VA: less expensive homes
- Raymond, MT: less expensive homes
- Rathbone, MI: less expensive homes
- Ramona, KS: less expensive homes
- Rainbow Lake, NY: higher priced homes
- Oats, SC: less expensive homes
- Oakley, WI: equally priced homes
- Red Row, TN: less expensive homes
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