Real Estate Investing in Salem, Indiana (47167)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47167 (Salem, IN)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Salem, IN (47167)?
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Market Analysis: 47167 Salem
Investors eyeing 47167 need to respect the fundamentals at play. Home values of $211K come alongside slower price movement and elevated management overhead.
The 47167 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Nearby ZIPs in Salem have seen price recovery that 47167 has not matched. Washington County data supports the view that the spread is structural rather than temporary.
In practical terms, 15,573 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
New investors are better served looking at Salem's stable or hybrid ZIPs before stepping into 47167. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Salem:
Property Strategy for 47167
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $111,568 | $730 | 4.7% | +5.6% | $111,568 |
| 2BR | $146,134 | $960 | 4.7% | +7.6% | $73,067 |
| 3BR | $202,802 | $1,150 | 4.1% | +7.6% | $67,601 |
| 4BR | $282,458 | $1,270 | 3.2% | +7.4% | $70,614 |
| 5BR | $302,720 | — | — | +7.5% | $60,544 |
Market Trends
Home Value History (with trend line)
📊 How Does 47167 Compare?
| Metric | 47167 | Salem | Indiana |
|---|---|---|---|
| Home Value | $210,732 | $210,732 | $248,442 |
| 5-Year CAGR | 5.7% | 5.7% | 7.7% |
| Avg Rent | $864 | $864 | - |
| Cap Rate | 3.2% | 3.2% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 47167 (Salem, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $210,732 |
| Monthly Rent | $864 |
| Price-to-Rent | 20.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.9% |
| Cap Rate | 3.2% |
| 5-Year IRR | 8.9% |
📈 Home Appreciation
| 1-Year | +5.6% ▲ |
| 3-Year CAGR | +5.2% ▲ |
| 5-Year CAGR | +5.7% ▲ |
| 10-Year CAGR | +7.1% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.2%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 47167
Population: 15,573
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 47167
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
Frequently Asked Questions
Are homes affordable in Salem, IN?
In Salem, IN the median home value sits at $211K. Against the broader IN market, that reads as reasonable for most investors.
What are vacancy rates like in Salem, IN?
Expect elevated vacancy in Salem, IN. Rents at $864/mo are absorbed by the tenant base without meaningful lag.
Which real estate strategy fits Salem, IN?
In Salem, IN the robust play is typically careful cash-flow rentals with hands-on management. The combination of $211K prices and $864/mo rents suits that approach.
Is rental property easy to operate in Salem, IN?
Salem, IN falls under IN landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
How strong is tenant demand in Salem, IN?
Tenant demand in Salem, IN is solid. The local workforce $864/mo rents across most rental classes.
You know 47167 now. You don’t know where it ranks.
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