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market report · 62881
Salem, IL · 62881
17 active listings$179,000 median ask$2,305 est. rent1.3% price/rent
$179,000
Median list price
$2,305/mo
Estimated rent
1.3%
Price / rent ratio
17
Listings
FHFA home price index · 2016–2025
71.5% cumulative change over the window. Source: FHFA ZIP-level HPI.
$1.21
Median rent / sqft
14 comps
$119.69
Median sold / sqft
14 comps
—
Walkability
4.6%
Area unemployment
BLS LAUS
Median household income $71,270 · median home value $115,200 · ACS 2024.
Natural-hazard risk Relatively High (FEMA NRI score 92).
3 schools within ~4 km of the ZIP centroid.
top deals · highest rent-to-price
615 N Indiana Ave, Salem, IL 62881
Salem, IL
$94,900$1,931/mo2%
915 N Broadway Ave, Salem, IL 62881
Salem, IL
$165,000$2,510/mo1.5%
506 N Indiana Ave, Salem, IL 62881
Salem, IL
$120,000$1,825/mo1.5%
4581 Hotze Rd, Salem, IL 62881
Salem, IL
$179,000$2,402/mo1.3%
1204 N Dawley St, Salem, IL 62881
Salem, IL
$167,500$2,127/mo1.3%
506 E Elm St, Salem, IL 62881
Salem, IL
$94,900$1,009/mo1.1%