There are currently 501 real estate properties in North Salem, IN, with a median automated valuation model (AVM) price of $249,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in North Salem, IN, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in North Salem, IN, is $287,470.00, with the most expensive house in North Salem, IN, topping out at $1,974,500.00 and the cheapest home in North Salem, IN, clocking in at $126,400.00. In other words, there’s something for every potential homebuyer or savvy investor in North Salem, IN!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in North Salem, IN, is on a rollercoaster ride. The average rent price in North Salem, IN, is $1,254.00. Indeed, when looking to rent in North Salem, IN, you can expect to pay as little as $680.00 or as much as $2,600.00, with the average rent median estimated to be $1,190.00. The good news is that finding an affordable and desirable property to rent in North Salem, IN -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the North Salem, IN area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in North Salem, IN and much more. Save thousands at closing with home foreclosure listings in North Salem, IN — up to 75% off market value!
North Salem is located in Hendricks, Indiana, with an estimated municipal population of 538 residents. All of the best foreclosed homes for sale in North Salem are located in the following zip code areas on Foreclosure.com: 46165. The estimated population per square kilometer (.62 miles) in North Salem is 698.
So, about how much do homes cost in North Salem? The most recent median value of resident-owned homes in North Salem is 116,081. An estimated 70.1 percent of households in North Salem own their homes, with an average family size of 2.95. The median household income in North Salem is 42,857, with12 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in North Salem, the median commute time of resident workers (in minutes) is 33.1. And last, but certainly not least, are you looking for homes to rent in North Salem? If so, the average rent price paid by renters in North Salem is 817, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to North Salem, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in North Salem is 44.5, split between 44.9 percent male versus 55.1 female. The percentage of residents who report being married in North Salem is 57.1, with an average family size of 2.95.
The percentage of residents who report their race in North Salem is as follows:
|Black / African American||0%|
|American Indian / Alaskan Native||0%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near North Salem? Or maybe you are searching for 55+ active adult communities in and/or near North Salem?
The percentage of residents who report their age in North Salem is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in North Salem with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in North Salem.
How do you know that living in -- or moving to -- North Salem is right where you need to be? Perhaps you grew up in North Salem or already live nearby; therefore, the decision to buy a home in North Salem is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to North Salem for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in North Salem:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like North Salem.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in North Salem can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in North Salem, meanwhile, can field multiple offers from more qualified buyers.
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