North Salem IN Commercial Properties For Sale
The median home value in North Salem, IN is $289,300. This is lower than the county median home value of $307,300. The national median home value is $338,100. The average price of homes sold in North Salem, IN is $289,300. Approximately 73.91% of North Salem homes are owned, compared to 15.42% rented, while 10.67% are vacant. North Salem real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you're interested in, contact a North Salem real estate agent to arrange a tour today!
Learn More About North Salem Real EstateStatistics & facts
611
Population
$289K
Medium Home Value
226
# of Households
10.67%
Housing Vacancy
48.55%
Future Job Growth
2.10%
Unemployment Rate
Albert Wright Page, License RB14038157, Xome Inc., License RC51300094, albertw.page@xome.com, 844-400-XOME (9663), 4471 North Billman Estates, Shelbyville, IN 46176
Listings courtesy of MIBOR as distributed by MLS GRID. Based on information submitted to the MLS GRID as of {{last updated}}. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. © 2024 Metropolitan Indianapolis Board of REALTORS®. All Rights Reserved.
Population
North Salem has a population of approximately 611 and experiences a population change rate of 3.38%. The population density is 2,350 / sq mi.
Household
The median household income for North Salem is $53,194, with 226 households and an average household size of 2.7.
Cost of Living
The cost of living index in North Salem is 97.8%.
Home Value
The median value of a home in North Salem is $289,300 with an appreciation rate of 17.9%. 73.9% of housing in the city is owned while 15.4% is rented.
Employment
The unemployment rate in North Salem is 2.10%, and recent job growth is at 2.54%. Future job growth is projected at 48.55%.
Taxes
The sales tax rate in North Salem is 7.00%, while the income tax rate is 3.23%.
Education
School expenditures in North Salem are $13,510, and the school ratio is 16.9:1.
Weather
The average high temperature in July is 83.7 degrees, with an average low temperature in January of 17.5 degrees. The average rainfall is approximately 42.5 inches per year, with 16.2 inches of snow per year.
Education near North Salem IN
| Metric | City | County |
|---|---|---|
| High School Graduates | 85.68 | 95.12 |
| College Degree - 2 year | 23.96 | 8.44 |
| College Degree - 4 year | 17.45 | 39.46 |
| Graduate Degree | 1.3 | 10.67 |
| Expenditures per Student | $13,510 | $13,510 |
| Students per Teacher | 16.90 | 16.90 |
Elementary Schools near North Salem IN
| School | Grades | Students | P/T Ratio | ZIP |
|---|---|---|---|---|
| Granville Wells Elementary School | PK - 06 | 488 | 24.4 | 46147 |
| North Elementary School | PK - 05 | 564 | 17.1 | 46122 |
| North Salem Elementary School | PK - 05 | 248 | 17.3 | 46165 |
| Roachdale Elementary School | KG - 05 | 255 | 15 | 46172 |
| South Elementary School | 03 - 04 | 356 | 19.2 | 46122 |
Middle Schools near North Salem IN
| School | Grades | Students | P/T Ratio | ZIP |
|---|---|---|---|---|
| Danville Middle School | 04 - 08 | 806 | 19.5 | 46122 |
| North Putnam Middle School | 06 - 08 | 358 | 14.3 | 46172 |
| Tri-West Middle School | 06 - 08 | 451 | 19.6 | 46149 |
High Schools near North Salem IN
| School | Grades | Students | P/T Ratio | ZIP |
|---|---|---|---|---|
| Danville Community High School | 09 - 12 | 805 | 18.3 | 46122 |
| North Putnam Senior High School | 09 - 12 | 484 | 14.2 | 46172 |
| Tri-West Senior High School | 09 - 12 | 595 | 21.3 | 46149 |
