47167
Salem, Indiana.
Salem, Washington County, IN · Louisville/Jefferson County, KY-IN metro · population 15,375
to buy the typical home at today's mortgage rate — +$616 (+128%) since Jan 2020.
- 1 year
- Up $5,659 +3%
- $202,970$208,629 since Sep 2025
- 5 years
- Up $46,247 +28%
- $162,383$208,629 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- 47167$1,095
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 14 years.
Typical home values in zip 47167 rose 2.8% over the past year — faster than the nation's +1.2%.
Zillow also publishes an index for the city itself: Salem, IN — measured over the city limits, which is a different area from this zip.
Typical home value — 47167
Mid-tier homes, smoothed and seasonally adjusted.
- 47167$208,629
- United States$366,157
Within 20 miles
| Miles sorted ascending, activate to sort descending | Zip activate to sort by Zip | City activate to sort by City | Population activate to sort by Population | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|---|
| 8.7 | 47165 | Pekin | 6,292 | — | $236,059 |
| 9.4 | 47108 | Campbellsburg | 2,155 | — | $200,093 |
| 11.8 | 47120 | Fredericksburg | 960 | — | $230,489 |
| 12.3 | 47281 | Vallonia | 1,541 | — | $237,136 |
| 14.0 | 47164 | Palmyra | 3,312 | — | $233,589 |
| 14.3 | 47170 | Scottsburg | 15,451 | — | $212,553 |
| 14.3 | 47106 | Borden | 4,670 | — | $307,210 |
| 15.4 | 47125 | Hardinsburg | 1,988 | — | $204,373 |
| 16.7 | 47177 | Underwood | 1,782 | — | $255,433 |
| 16.8 | 47260 | Medora | 1,809 | — | $185,889 |
| 17.3 | 47126 | Henryville | 4,372 | — | $326,275 |
| 17.3 | 47124 | Greenville | 5,357 | — | $344,610 |
| 17.9 | 47452 | Orleans | 5,152 | — | $195,563 |
| 18.1 | 47229 | Crothersville | 2,965 | — | $193,914 |
| 18.8 | 47220 | Brownstown | 6,136 | — | $244,717 |
| 19.0 | 47102 | Austin | 6,659 | — | $157,861 |
| 19.4 | 47115 | Depauw | 2,782 | — | $228,101 |
| 19.7 | 47143 | Memphis | 3,833 | — | $301,253 |
| 19.7 | 47161 | New Salisbury | 3,611 | — | $273,616 |
Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.