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Salem city, IN

ZIP 47167 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 47167

Median Home Value
$161,500
Median Rent
$481
Affordability Snapshot
$44,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,037/mo PITI).

10%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.8x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

28.0 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 47167 in Salem city, IN, a household would need roughly $44,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,037. That sits below the local median household income ($57,697), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
79.4%+21% vs US avg
x
Vacancy Rate
7.1%-31% vs US avg
x
Broadband Access
82.9%-5% vs US avg
x
4+ Bedrooms
5.0%-67% vs US avg
x
Built Pre-1939
7.3%-43% vs US avg
x
Built Post-2014
2.4%-66% vs US avg
x
Rent Burden >30%
25.2%-49% vs US avg
x
Mortgage-Free
40.3%+6% vs US avg
x
$161,500
Home Value
$481
Rent
1975
Year Built
2011
Moved In

Residents have lived here since ~2011 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached79.0%
  • 1-unit attached0.5%
  • 2-9 units2.7%
  • 10+ units1.7%
  • Mobile home & other16.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$161,500
Median rent$481
Owner-occupied79.4%
Vacant7.1%
Price-to-income2.8x
Est. income to buy$44,000