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  4. /North Salem, IN - 46165

North Salem, IN—46165

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$362,000
5.5% YoY Growth
Household Income
$88,300
42.0% YoY Growth
Days on Market
56
4.0% Longer YoY
Home Price Forecast
1.9%
Median Rent
$850
N/A
1-Bed Rent
$850
N/A
2-Bed Rent
N/A
N/A
3-Bed Rent
N/A
N/A
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — North Salem, IN

As of May '26, the median home price in North Salem, IN is $362,000, with a year-over-year change of 5.5%. This indicates that home prices in North Salem, IN are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$362,0005.5%
Single Family $362,0006.2%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$224,0004.7%
    3 Bed
    		$360,0005.0%
    4 Bed
    		N/AN/A
    5 Bed N/AN/A
    Loading chart...

    % of Housing Stock

    1 Bedroom
    0.6%
    2 Bedrooms
    12.4%
    3 Bedrooms
    71.7%
    4 Bedrooms
    7.0%
    5+ Bedrooms
    8.2%

    Rental Trends — North Salem, IN

    North Salem, IN lacks sufficient rental market data for analysis.

    TypeMedian RentAverage Rent
    Average Rent$850$850
    Studio Rent N/AN/A
    1 Bed Rent $850$850
    2 Bed Rent N/AN/A
    3 Bed Rent N/AN/A
    4 Bed Rent N/AN/A
    Loading chart...

    % of Rental Stock

    1 Bedroom
    3.4%
    2 Bedrooms
    5.2%
    3 Bedrooms
    53.4%
    4 Bedrooms
    37.9%

    Property Listings — North Salem, IN

    As of May '26, Realtor.com reports that the median days on market for a home in North Salem, IN is 56. This is a increase of 4.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$600,00072.0%
    Listing Count
    		6200.0%
    Listings as % of Homes0.6%200.0%
    Days on Market
    		564.0%
    Loading chart...

    Demographics — North Salem, IN

    As of the latest ACS Survey released in 2023, North Salem, IN has a population of 2,060, which has increased by 39.5% over the past 5 years. North Salem, IN is a moderately popular place for families, as children make up 22.5% of the population. The area has a moderately educated workforce, with 25.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.5% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		2,06039.5%
    % Under 18
    		22.5%34.7%
    % Seniors
    		14.8%-30.5%
    % WFH
    		6.5%18.2%
    % w/ College Degree
    		25.6%31.3%
    Loading chart...

    As of the latest ACS Survey released in 2023, North Salem, IN is a predominantly white area, with 88.7% of the population identifying as white. The white population has shrunk by 10.9% in the last 5 years. The second most common race or ethnicity in North Salem, IN is asian, making up 2.4% of the population. Foreign-born residents account for 5.5% of the population in North Salem, IN, and this percentage has increased by 1000.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		88.7%-10.9%
    % Black
    		0.0%N/A
    % Hispanic
    		1.2%140.0%
    % Asian
    		2.4%∞%
    % Foreign Born
    		5.5%1,000.0%
    Loading chart...

    Mortgage and Risk — North Salem, IN

    North Salem, IN lacks sufficient mortgage origination data for analysis.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		N/A
    % Conventional Loans
    		N/A
    % Government Loans
    		N/A
    % Investor Loans
    		N/A
    % Second Loans
    		N/A
    % Cash Out Refinance
    		N/A
    Loading chart...
    Loading chart...

    Rentals and Section 8 — North Salem, IN

    North Salem, IN lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		N/A
    Total Units Section 8
    		N/A
    % Rentals under Section 8
    		N/A
    % Occupied Section 8
    		N/A

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$190$850$1,040
    2 BedroomN/AN/A$1,230
    3 BedroomN/AN/A$1,610
    4 BedroomN/AN/A$1,950

    Affordability — North Salem, IN

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.5
    Median Home Price$362,000
    Median Household Income$88,300

    North Salem, IN — ZIP Code Boundary Map

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    Frequently Asked Questions