Home prices
Salem's median home cost is $82,600. In comparison to other places in this area this is approximately $5,500 (6%) lower.Compared to the US as a whole it is approximately $134,900 (62%) lower, and compared to the city of Bloomington it is about $118,100 (58%) lower.
Rents
Salem's median rent is $557 a month. Compared to the surrounding areas this is approximately $116 (17%) lower.Compared to the nation as a whole it is approximately $505 (47%) lower, and in comparison to the city of Bloomington is roughly $360 (39%) lower.
Nearby places
New Pekin
New Pekin is about 8 miles southeast of Salem. Its housing prices are somewhat more expensive. The median home in New Pekin costs $92,900, which works out to $10,300 (11%) higher than Salem. Rents there are somewhat more expensive. The median rent in New Pekin is $644 per month, which is $87 (13%) higher than Salem.
Campbellsburg
Campbellsburg is roughly 8 miles northwest of Salem. The real estate prices there are a little less expensive. The median home in Campbellsburg costs $68,900, which works out to $13,700 (19%) lower than Salem. Its rents are somewhat more expensive. Campbellsburg's median monthly rent is $675, which works out to $118 (17%) higher than Salem.
Saltillo
Saltillo is approximately 10 miles northwest of Salem. Housing prices there are significantly less expensive. The median home in Saltillo is valued at $58,300, which is $24,300 (41%) lower than Salem. Rents there are a little less expensive. The median rent in Saltillo is $495 a month, which works out to $62 (12%) lower than Salem.
Little York
Little York is about 11 miles northeast of Salem. Its real estate prices are a bit more expensive. The median home in Little York costs $99,700, which is $17,100 (17%) higher than Salem. Rents there are a little more expensive. Little York's median rent is $813 a month, which comes out to $256 (31%) higher than Salem.
Borden
Borden is roughly 11 miles southeast from Salem. The real estate prices there are somewhat more expensive. The median home price in Borden is $120,700, which works out to $38,100 (31%) higher than Salem. Rent there is a bit more expensive. The median rent in Borden is $740 a month, which works out to $183 (24%) higher than Salem.
