47167, Salem, IN

Salem, Indiana is a small town located in the heart of the Midwest. The population of Salem was just over 10,000 as of the 2010 census. Salem is home to several businesses and industries including manufacturing, health care, and education.

The median household income in Salem was $50,000 as of 2010. This is much lower than the national median household income which was $57,617 that year. However, Salem's median household income is still higher than many other towns in Indiana which have a population under 10,000. The unemployment rate in Salem was 3.5% as of December 2016 which is lower than most towns in Indiana (4-6%).

Home prices in Salem have been on a steady rise for the past few years. As of February 2017, the median home price in Salem was $130,000 according to Zillow data. This represents an increase of over 20% from January 2016 when the median home price was $105,500 according to Zillow data. It is important to keep in mind that this data only reflects homes that are for sale and does not include homes that are currently being rented out or owned by investors/flippers.

It should also be noted that there are several neighborhoods within Salems boundaries that have significantly higher home prices than other parts of town. For example, neighborhoods like Northgate and Westfield have median home prices that are well above $200K while areas like Downtown and East Side tend to have lower home prices overall but still represent healthy gains from year-to-year (over 5%).

Overall it seems safe to say that homeownership rates (both primary residence and second homes) continue to rise throughout most parts of America while rental rates remain relatively stable or decline slightly nationwide (depending on location). This trend has led some experts to speculate about a future where more Americans will live primarily within their own households rather than renting out space within their residences or using multiple residences throughout different states/countries