The housing market in 47167 Salem, IN is showing strong signs of appreciation with a median value of $174,100. This is significantly lower than the US house median value of $338,100 and indicates that compared to the nationwide average, the housing in 47167 Salem is more affordable. Furthermore, there has been a 13.41% year-over-year appreciation rate for houses in 47167 Salem compared to 8.27% nationwide. This indicates that investing in real estate in this area could be an excellent opportunity for those looking for an affordable and appreciating asset.
The median home cost in Salem (zip 47167) is $174,100. Home appreciation the last 10 years has been 81.4%. Home Appreciation in Salem (zip 47167) is up 15.2%.
Average Age of Homes
- The median age of Salem (zip 47167) real estate is 44 years old
The Rental Market in Salem (zip 47167)
- Renters make up 20.4% of the Salem (zip 47167) population
- 0.0% of houses and apartments in Salem (zip 47167), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.