House Prices

House Prices & Home Values Salem, IN 2026


Average Data

average house price$183,655
average size per house1950 ft²
average price per ft²95 $ / ft²

04/05/2026 - The value range (VR) for house prices in Salem, IN is $97/ sqft to $97/ sqft. An average home with 1950 sqft costs approximately $189,150 to $189,150. Salem, IN includes 1 ZIP codes and it is located in Washington county. The lowest prices are found in ZIP 47167, while the highest are in ZIP 47167. The average price per sqare feet is $95. Our analysis is based on 11 property listings.

Avergage prices by ZIP codes Salem

4716792 $ / ft²




Historical development of home values in Salem

Year Estimated value (USD) Change vs. 2025
2010 $85,293 -53.6%
2011 $81,994 -55.4%
2012 $81,774 -55.5%
2013 $84,830 -53.8%
2014 $89,048 -51.5%
2015 $93,619 -49.0%
2016 $98,504 -46.4%
2017 $103,821 -43.5%
2018 $109,561 -40.3%
2019 $114,641 -37.6%
2020 $120,567 -34.4%
2021 $137,132 -25.3%
2022 $159,865 -13.0%
2023 $168,585 -8.2%
2024 $178,338 -2.9%
2025 $183,655 0.0%

Graph: estimated home values in Salem over time (USD)



Example: 100% financing house in Salem

Loan amount: $183,655

Interest rate: 6.00%

Fixed monthly payment: $1,101.10

Breakdown in the 1st month:
Interest portion: $918.28  –  Principal portion: $182.83

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $10,957.95 $2,255.30 $181,399.70
2 $10,818.85 $2,394.41 $179,005.29
3 $10,671.17 $2,542.09 $176,463.20
4 $10,514.37 $2,698.88 $173,764.32
5 $10,347.91 $2,865.34 $170,898.98
6 $10,171.19 $3,042.07 $167,856.91
7 $9,983.56 $3,229.70 $164,627.21
8 $9,784.36 $3,428.90 $161,198.32
9 $9,572.87 $3,640.38 $157,557.93
10 $9,348.34 $3,864.91 $153,693.02
11 $9,109.96 $4,103.29 $149,589.72
12 $8,856.88 $4,356.38 $145,233.35
13 $8,588.19 $4,625.07 $140,608.28
14 $8,302.92 $4,910.33 $135,697.95
15 $8,000.06 $5,213.19 $130,484.76
16 $7,678.52 $5,534.73 $124,950.03
17 $7,337.15 $5,876.10 $119,073.93
18 $6,974.73 $6,238.52 $112,835.40
19 $6,589.95 $6,623.30 $106,212.10
20 $6,181.44 $7,031.81 $99,180.29
21 $5,747.73 $7,465.52 $91,714.77
22 $5,287.28 $7,925.98 $83,788.79
23 $4,798.42 $8,414.83 $75,373.95
24 $4,279.41 $8,933.84 $66,440.11
25 $3,728.39 $9,484.86 $56,955.25
26 $3,143.39 $10,069.87 $46,885.38
27 $2,522.30 $10,690.96 $36,194.42
28 $1,862.90 $11,350.35 $24,844.07
29 $1,162.84 $12,050.42 $12,793.66
30 $419.60 $12,793.66 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Salem, IN


1500 sqft3900 sqft
Ø selling price$172,425$366,796
Ø fast selling$156,750$330,116
Ø high price sale$188,101$403,475

In 2026, houses in Salem, IN will be offered at an average price of $95 per square foot. A 1,500 sqft home priced at $172,425 is 21.64% more expensive per square foot than a 3,900 sqft home priced at $366,796. Home prices in Salem, IN vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $253,936. Sellers who can wait longer may achieve a higher price of up to $310,365.


Salem, Indiana Travel & Living Guide

Overview

Located in Washington County, Salem, Indiana is the county seat that blends small-town charm with convenient amenities. The city sits about 35 miles from Louisville, KY, making it a convenient base for commuters and weekend explorers.
Its historic downtown anchors local culture with preserved 19th-century architecture, murals, and community pride.

Things to Do & Dining

Top things to do in Salem include touring the John Hay Center, browsing antique shops, and catching events around the iconic courthouse square. Foodies will find locally owned restaurants, bakeries, and coffee spots that showcase Southern Indiana flavors.

Outdoors & Family Life

Outdoor recreation thrives at Lake Salinda, nearby Delaney Park, and the Knobstone Trail, offering hiking, fishing, paddling, and family picnics. Families appreciate solid schools, youth sports, and festivals like Old Settlers' Day that celebrate Salem's heritage.

Economy & Housing

The local economy features manufacturing, healthcare, agriculture, and small businesses, paired with a budget-friendly cost of living. Homebuyers can explore a mix of restored historic homes near downtown and newer subdivisions with spacious lots on the city's edge.

Getting There

Travelers can reach Salem via State Roads 56 and 60 or nearby I-65 and I-64, and smart visitors check event calendars and book lodging early during major festivals.



FAQ – Home Values in Salem

What is the median home value in Salem in 2026?

In 2026, the typical home value in Salem is about $183,655 for an average home size of 1950 square feet. This corresponds to an average price of roughly $95 per square foot.

What is the average cost per square foot in Salem?

In 2026, homes in Salem sell for an average of around $95 per square foot, with a typical range between $97 and $97 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Salem is about 1950 square feet, with an estimated 2026 value around $183,655.



Locations close to Salem, IN

Scottsburg, IN118 $ / ft²
Sellersburg, IN123 $ / ft²
Taswell, IN300 $ / ft²
Ramsey, IN196 $ / ft²
Pekin, IN117 $ / ft²
Palmyra, IN126 $ / ft²
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