The housing market in North Salem, IN is booming. The median value of a home in the area stands at $289,300 which is significantly lower than the US House median value of $338,100. Despite this disparity, the one-year house appreciation rate for North Salem is 13.55%, much higher than the US 1 year house appreciation rate of 8.27%. This makes North Salem an attractive option for potential homeowners looking to get a great deal on their home purchase.
The median home cost in North Salem is $289,300. Home appreciation the last 10 years has been 95.7%. Home Appreciation in North Salem is up 17.9%.
Average Age of Homes
- The median age of North Salem real estate is 78 years old
The Rental Market in North Salem
- Renters make up 24.4% of the North Salem population
- 0.0% of houses and apartments in North Salem, 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.