Salem IN Real Estate & Commercial for Sale

130 Properties Found

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Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
202645315
Type:
Mixed Use
Subdivision:
None
Lot size:
0.64 Acres
Year built:
1965
Courtesy: Mainstreet Realtors
View additional info

ADDITIONAL INFORMATION

Endless possibilities await with this large commercial property offering approximately 0.86 acre across two separate parcels bordering two main roads! The main building features nearly 4,000 square feet of open space, two private offices, a bathroom, a receiving dock, and two entry doors. Improvements in 2017 included two new AC units, two new furnaces, a water heater, new flooring, and a partial roof replacement. New duct work in 2025. The building was freshly painted in 2023. Three additional buildings provide even more flexibility for storage, workspace, or business operations. One is an open-sided 24' x 60' structure with 14' clearance. Another measures 26' x 50' and features a large room with a garage door. The additional storage building includes three sliding doors and four open bays. Approximately 35 parking spaces are available, with the potential for additional parking on the adjoining lot. Possible uses include retail, hardware, lawn and garden, flea market, mower sales or repair, floral shop, storage, and many other business opportunities. Bring your vision and explore the possibilities this versatile commercial property has to offer! Call to schedule your showing today!!

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
202643062
Type:
Retail
Subdivision:
None
Lot size:
0.26 Acres
Year built:
1990
Courtesy: Mainstreet Realtors
View additional info

ADDITIONAL INFORMATION

Endless possibilities with this commercial property located in the heart of Salem. This well insulated block building has it all!! Large office space with laminate flooring and restroom, 19 x 29 showroom space with a 6 x 8 storage room and a 29 x 40 warehouse space with 12 ft. ceiling and 6 x 8 parts room. One loading dock for easy loading or unloading with 8 x 10 garage door. Gas heat and central air. Currently being used as a HVAC company and also has been used as a music store. Metal roof was coated 1 year ago. Security system is already in place. Plenty of parking for your customers. Also, located near the Monon Walking trail and within a short distance of the historic Salem Square and many restaurants. Don't let this golden opportunity pass you by to start that new business or expand your existing business.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
2026012530
Type:
Other
Lot size:
2.4 Acres
Courtesy: Jack Bridgewater Real Estate 812-752-3844
View additional info

ADDITIONAL INFORMATION

Prime high traffic corner with 2.4 acres!! Located Hwy 60 & Webb St across from Retail Shopping and close to Residential. Great Investment for many business opportunities.

Beds:
n/a
Baths:
Sq.Ft.:
7,548
Status:
Active
MLS#:
2026010832
Type:
Office
Lot size:
0.08 Acres
Year built:
1940
Courtesy: HOOSIER REALTY 812-883-8200
View additional info

ADDITIONAL INFORMATION

Exceptional investment or owner-user opportunity on Salem’s historic Public Square! This versatile approximately 7,548 SF commercial property is zoned CB (Central Business) and features two completely separate street-level commercial storefronts, allowing two independent businesses to operate simultaneously. Each storefront offers its own entrance, street-level presence, large display windows and separate utilities, with the exception of shared water service. One storefront also provides access to the basement, offering additional storage and usable space. The building features three HVAC systems, three restrooms, two kitchenettes and private rear parking—a valuable feature for a downtown property. The expansive unfinished upper level, previously under renovation, provides substantial additional space and exciting potential for future development. Depending upon applicable zoning and approvals, the space may offer possibilities for residential, office, studio or other permitted uses. Located directly on Salem’s historic Public Square, this property combines two independently functioning commercial storefronts, existing tenancy, excellent visibility, private parking, substantial square footage and future development potential. Whether purchased as an investment or for an owner-user seeking space for their own business while benefiting from a separate commercial unit, this property offers tremendous flexibility and long-term potential.

Beds:
n/a
Baths:
Sq.Ft.:
7,800
Status:
Active
MLS#:
2026010767
Type:
Industrial
Lot size:
0.61 Acres
Year built:
1940
Courtesy: Semonin REALTORS 812-944-9800
View additional info

ADDITIONAL INFORMATION

Versatile 7,808 sq. ft. commercial building offering approximately 6,710 sq. ft. clear span, conditioned warehouse/manufacturing space with endless possibilities for industrial, warehouse, distribution, contractor, automotive, or other commercial uses. Ideally located on a main commercial corridor through Salem directly across from Walmart, this 0.611-acre property offers excellent visibility and ample parking. Interior features include a reception area, two private offices, break room with sink, cabinetry and refrigerator, two restrooms and a rear drive-in overhead door for easy loading and unloading. The property includes existing equipment listed in the attachment including many CNC machines and a forklift. Seller would consider selling real estate only, providing flexibility for owner-users and investors alike.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
202630297
Type:
Mixed Use
Subdivision:
None
Lot size:
0.16 Acres
Year built:
1860
Courtesy: Brixton Realty
View additional info

ADDITIONAL INFORMATION

Office Space with Apartment above. Located on the busy square in Salem Indiana this updated historical building is ready for your modern office needs. Formerly a bustling law firm, this building has been updated for modern times and modern yet vintage appearance inside. Included is an addition parcel for easy parking off the square, and the building includes a recently remodeled and updated apartment on the upper floor, with separate street access.

Beds:
n/a
Baths:
Sq.Ft.:
4,388
Status:
Active
MLS#:
202608997
Type:
Other
Lot size:
0.05 Acres
Year built:
1910
Courtesy: Mainstreet REALTORS 812-883-9555
View additional info

ADDITIONAL INFORMATION

A Rare Investment Opportunity Just Steps from Historic Salem Square! Don't miss this incredible opportunity to own a beautifully remodeled historic building just off the south side of Historic Salem Square! Offering charm, versatility, and multiple income-producing possibilities, this three-story commercial property is a unique investment opportunity with endless potential. Completely remodeled throughout all three levels, the building features numerous recent updates, including a new roof, replacement windows, and three heating and air conditioning units, all installed within the past five years. The main level offers a spacious front office area complete with a full bathroom, along with a private 1-bedroom, 1-bath apartment in the rear featuring its own separate entrance. Upstairs, you'll find an additional 3-bedroom, 2-bath apartment, providing even more rental income potential. Need another income stream? The basement offers approximately 27' x 15.8' of additional space that could be utilized for office rentals or other business opportunities. Whether you're looking to expand your investment portfolio, operate a business while generating rental income, or create a charming boutique Airbnb, this property offers multiple possibilities in a desirable historic downtown location. Three levels. Multiple income opportunities. Endless potential! Call today to schedule your private showing and explore all this unique property has to offer!

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
202608989
Type:
Other
Lot size:
2.4 Acres
Courtesy: Mainstreet REALTORS 812-883-9555
View additional info

ADDITIONAL INFORMATION

PRIME COMMERCIAL OPPORTUNITY! Don't miss your chance to own 2.3959 acres on S. Westminster Drive in Salem, Indiana! Ideally located on the outskirts of town near the bypass, this property offers excellent potential for your next business or development project. With continued growth and development in our community, now is a great time to invest and bring your vision to life! A portion of the property is currently zoned commercial, while the remaining acreage is unzoned. The seller is willing to secure the appropriate zoning to accommodate the buyer's intended use. Take advantage of this outstanding location and endless possibilities! Call today for more information!

Beds:
n/a
Baths:
Sq.Ft.:
3,567
Status:
Active
MLS#:
202608823
Type:
Retail
Lot size:
0.1 Acres
Year built:
1884
Courtesy: The Day Company Realtors & Auctioneers 812-883-5112
View additional info

ADDITIONAL INFORMATION

THIS IS A CUSTOM REMODELED THREE STORY COMMERCIAL LOCATION ON HISTORIC SALEM COURTHOUSE SQUARE.... The Street level commercial/retail/office has original refinished wood floors, 1/2 bath, kitchenette, large display windows and ready for your business dream to come true. The top floor is over 2000+ sq feet with 3 bedrooms, office, curved handle beautiful staircase, 2 full baths, full large kitchen dining area with Wilcox Custom Cabinets and all high end stainless appliances that remain. This top level has original refinished wood floors, back deck with a panoramic view. The walk out basement level has parking, 2 bedrooms, 1 full large bath, kitchen, washer, dryer, range/oven, refrigerator remain. This commercial buildings offers a great income potential. Replacement windows throughout. Heat, Air, & water heaters 3-4 yrs old. 14 X 24 Shed with electric and covered insulated walls for storage. Next door is a brand new parking area within steps for all your quests. 4 Dedicated parking spots in the rear. Shown by appointment this one will surprise you with it being in excellent condition. Immediate possession at closing.

Beds:
n/a
Baths:
Sq.Ft.:
7,548
Status:
Active
MLS#:
202608221
Type:
Retail
Lot size:
0.08 Acres
Year built:
1940
Courtesy: HOOSIER REALTY 812-883-8200
View additional info

ADDITIONAL INFORMATION

Welcome to 18 Public Square in the heart of downtown Salem. This versatile mixed-use commercial property features two separate storefronts, private parking, basement storage, and an unfinished upper level with residential apartment potential. The building offers excellent flexibility for investors or owner-occupants with multiple income stream opportunities. Features include three HVAC systems, three restrooms, two kitchenettes, large display windows, strong exposure, and prime downtown visibility. One storefront is currently tenant occupied while the additional storefront provides owner-user or additional rental potential. The upper level was previously under renovation and offers opportunities for custom residential buildout, office space, studio use, or additional income-producing space. Rare private parking behind the building adds significant value and convenience rarely found on the Square. The combination of active commercial space, future residential potential, and downtown location makes this property ideal for investors, entrepreneurs, or business owners seeking long-term upside. Property is zoned CB (Central Business). Shown by appointment only. Listing broker is property owner and licensed Indiana managing broker. Buyer/buyer’s broker to verify measurements, zoning, permitted uses, utility information, ordinances, restrictions, and all material facts. No warranties expressed or implied.

Beds:
n/a
Baths:
Sq.Ft.:
3,272
Status:
Active
MLS#:
202608149
Type:
Retail
Lot size:
0.4 Acres
Year built:
1950
Courtesy: The Day Company Realtors & Auctioneers 812-883-5112
View additional info

ADDITIONAL INFORMATION

BUSINESS SPACE or INVESTMENT OPPORTUNITY or BOTH!! This location on the west side of Salem, IN sits in a highly visible area at the Jct. of W. State Road 56 & W. State Road 60. Property could potentially have three businesses in one location. Front building could be used as one unit or easily converted to a business duplex. Rear building has a 15x30 office area with half bath & 3 car garage. Both buildings are equipped with NGFA heating. Ample parking, access from two points & signage.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
202608062
Type:
Other
Lot size:
2.4 Acres
Courtesy: Jack Bridgewater Real Estate 812-752-3844
View additional info

ADDITIONAL INFORMATION

Prime high traffic corner with 2.4 acres!! Located Hwy 60 & Webb St across from Retail Shopping and close to Residential.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
202611950
Type:
Business Opportunities
Subdivision:
None
Lot size:
8.44 Acres
Year built:
1985
Courtesy: Mainstreet Realtors
View additional info

ADDITIONAL INFORMATION

Prime Commercial Location on State Road 56! Don't miss this excellent opportunity to own nearly 8.5 acres in a high-visibility location along heavily traveled State Road 56 between Salem and Scottsburg. This property consists of three parcels and offers outstanding potential for commercial development or a variety of future uses. The value is primarily in the land. The existing steel building sustained fire damage, with approximately half potentially salvageable. Whether you're looking to invest, develop, or expand your business, this property offers a great location with plenty of possibilities. DO NOT ENTER THE BUILDING. Call today to schedule your showing!

Beds:
n/a
Baths:
Sq.Ft.:
3,444
Status:
Active
MLS#:
202505453
Type:
Other
Lot size:
1.93 Acres
Year built:
1920
Courtesy: Streamline Real Estate, LLC 812-620-0046
View additional info

ADDITIONAL INFORMATION

Attention Storage Unit Investors! GREAT Income Property is zoned B1. Seller has engineering plans for 88 storage units to built on the property and is approved by the state of Indiana. Large Home is a fixer upper but can be 4+ bedrooms along with a newer garage added to the home and would make a great rental property or small business location. Home is sold as is and needs a lot of repairs. When completed, the property has the potential to gross $7500+ per month in income. Property is located 1 mile south of the Salem Square between the square and the bypass. Great location, with a lot of potential. Seller is a licensed real estate agent. Please verify square footage of home if important.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
202505088
Type:
Other
Lot size:
14.51 Acres
Courtesy: The Day Company Realtors & Auctioneers 812-883-5112
View additional info

ADDITIONAL INFORMATION

THIS IS A HOT PRIME COMMERCIAL LOCATION WITH B-2 ZONING ALREADY IN PLACE & 14.51 ACRES AND SELLER OFFERING TO DIVIDE TRACTS.. FOR YOUR DREAM DEVELOPMENT..... ALL CITY UTILITES AVAULABILE, IMMEDIATE POSSESSION. Abundance of road frontage on State Road & business district county road, very high continuous traffic count, easy access & exit. A parcel this size does not come along very often with these specific city amenities Salem can offer you! Call today to discuss your multi use commercial dream and business opportunity.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
202505016
Type:
Other
Lot size:
0.71 Acres
Courtesy: The Day Company Realtors & Auctioneers 812-883-5112
View additional info

ADDITIONAL INFORMATION

THE BEST LOCATION IN SALEM.....Zoned B-2, Build your dream, .71 acres, very high visibility and traffic count. This location is at the stoplight at the Intersection of State Road 135 & 56. All city utilities, good frontage on two sides and rear alley access. Shown By Appointment. Do not miss out on this location.

Beds:
n/a
Baths:
Sq.Ft.:
10,296
Status:
Active
MLS#:
2024012175
Type:
Multi-Family
Lot size:
0.12 Acres
Year built:
1940
Courtesy: The Day Company Realtors & Auctioneers 812-883-5112
View additional info

ADDITIONAL INFORMATION

Investment Property within historic downtown Salem. Combination of 1 large commercial space, 1-two bedroom unit, 2-one bedroom units, and an additional commercial unit! Open your own business and have rental income that makes your payment.... add to your current portfolio....use this to start your own investment portfolio....live in one unit while running a business and still having income to make your mortgage....so many possibilities that you can't go wrong.

Beds:
n/a
Baths:
Sq.Ft.:
3,149
Status:
Active
MLS#:
2024011907
Type:
Multi-Family
Lot size:
0.2 Acres
Year built:
1940
Courtesy: Mainstreet REALTORS 812-883-9555
View additional info

ADDITIONAL INFORMATION

What a great LOCATION!! FANTASTIC BUSINESS OPPORTUNITY!! Great commercial building or residential home with CHARACTER on the HISTORIC North Main Street. This is the former James L. Tucker house with lots of history, original HARDWOOD FLOORS, NATURAL WOODWORK THROUGHOUT, The house on the property is currently being utilized as a successful Airbnb. Also, in the rear there is a carriage house, now converted into 2 efficiency rental apartments for additional income. Updated wiring a few years ago, Boiler in cellar is 17 yrs. old, tankless water heater, replacement windows throughout downstairs (except sunroom). 8 parking spaces in the rear and street parking out front. This property is cross listed MLS # 2024011897.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
2024011708
Type:
Business Opportunities
Lot size:
0.17 Acres
Year built:
1934
Courtesy: eXp Realty, LLC 888-611-3912
View additional info

ADDITIONAL INFORMATION

OPPORTUNITY OF A LIFETIME...H&R Bakery has been a staple to Southern Indiana for over three-quarters of a century, arguably serving the most delicious donuts and there are no words to describe their famous brownies! The Salem location, in addition to Huckleberry's in Mitchell, along with all fixtures, furniture and equipment of both and most importantly the established business, loyal multi-generational customer base and treasured baking secrets are included in the sale. Different streams of revenue could be added with food service and meeting/party space rental. Information provided in this listing for the Salem Location. Please see listing for 915 Main Street, Mitchell, Indiana for information specific to Huckleberry's location MLS#2024011719. BOTH LOCATIONS, FURNITURE, FIXTURES, EQUIPMENT AND BUSINESS ALL SELL TOGETHER

Beds:
n/a
Baths:
Sq.Ft.:
2,138
Status:
Active
MLS#:
2024011234
Type:
Retail
Lot size:
0.2 Acres
Year built:
1950
Courtesy: Brixton Realty 812-570-0013
View additional info

ADDITIONAL INFORMATION

For Sale or Lease!! Here is your chance to own/rent prime commercial space. The building has 2 front entrances and large glass storefront. Would make great barbershop/Salon, Tattoo shop, thrift store, vape shop. Located on a high traffic road with high visibility. Call to see it today!

Beds:
n/a
Baths:
Sq.Ft.:
4,026
Status:
Active
MLS#:
2024010700
Type:
Retail
Lot size:
0.34 Acres
Year built:
1935
Courtesy: Mainstreet REALTORS 812-883-9555
View additional info

ADDITIONAL INFORMATION

Multiple Opportunities with this unique property! LIVE WHERE YOU WORK!! BUSINESS LOCATION on one side with a 46 x 22 store front with some new exterior metal and new heater in store and plenty of parking. Previous businesses included a variety store and floral shop. Over 4,000 sq. ft. total to work with. Also included is a 3-4 BR, 1 BA LIVING QUARTERS with OPEN FLOOR PLAN, Kitchen with appliances, dining area, first floor laundry room, media/office area, and living room with electric FIREPLACE and a newly built carport. All new flex pipes for water/faucets in store and kitchen. New CENTRAL AIR, water heater, new washer hook up. REASONABLE UTILITIES! Could also be used as 2 rentals for extra inclome. Upstairs there are TWO very large rooms one is 34 x 21 and the other is 24 x 12 with many possiblities. 21 x 26 Detached garage with concrete and 2 sliding doors. GREAT NEIGHBORHOOD located just off of HWY 56 and 5 miles from Salem. Property is being sold "As Is". Immediate possession at closing.

Beds:
n/a
Baths:
Sq.Ft.:
1,440
Status:
Active
MLS#:
202409663
Type:
Other
Lot size:
4.53 Acres
Year built:
1987
Courtesy: Mainstreet REALTORS 812-883-9555
View additional info

ADDITIONAL INFORMATION

Property features 54x48 garage with 12x32 upstairs office, 2 -12' rollup doors, 1 service door, electric and water, natural gas is available. Flat to gently rolling with good building sites and ample road frontage and parking. The building has been well insulated.

Beds:
n/a
Baths:
Sq.Ft.:
3,524
Status:
Active
MLS#:
202409455
Type:
Other
Courtesy: Streamline Real Estate, LLC 812-620-0046
View additional info

ADDITIONAL INFORMATION

Really Nice Perfect Flex Property with 5 offices, conference room, large 2 bay attached garage, 3 storage units, new HVAC in 2020. May sell on contract with $50,000 down payment. Great road frontage in high traffic area on Main Street in Salem. The property currently generates $1150 monthly income on a month to month basis. Seller may consider a monthly Lease at $2300 Per Month + Utilities. Owner is a real estate agent. Reach out to me if you have an interest in the property.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
202408627
Type:
Business Opportunities
Lot size:
1.69 Acres
Year built:
1970
Courtesy: The Day Company Realtors & Auctioneers 812-883-5112
View additional info

ADDITIONAL INFORMATION

Large commercial property presenting an incredible opportunity for your commercial business. Situated on a generous 1.69 acre lot, the property offers ample space and flexibility to bring your business to the next level. The building offers nearly 14,000 square feet of flexible space which provides plenty of room for growth and expansion. BRAND NEW office space boasts 3426 square feet with six private offices, inviting foyer, conference room & storage rooms. Additionally, there are two docks for efficient loading & unloading operations. Three standards for additional parking lot lighting. This property offers a wide range of possibilities for various needs. Ample parking for 60+ vehicles or large area to accommodate tractor trailers. Parking lot & front of building are secured with fencing. Utilities include: City of Salem, Duke Energy & Midwest Natural Gas. Additional updates: fire suppression system, fire alarm system, multiple NEW HVAC units, partial roof resealing, NEW commercial gutters & downspouts, full exterior painting & parking lot sealcoating(7/5-7/9).

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
202408529
Type:
Other
Lot size:
2.46 Acres
Courtesy: The Day Company Realtors & Auctioneers 812-883-5112
View additional info

ADDITIONAL INFORMATION

This large COMMERCIAL 2.46 acre site is Zoned I-1 for all your business dreams. Situated on West State Road 56 (W. Mulberry St.) with very high traffic count daily. This has had recent highway construction making this a hot spot Commercial location to buy. Very level, 200 ft State Highway frontage, all city utilities available.

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Albert Wright Page, License RB14038157, Xome Inc., License RC51300094, [email protected], 844-400-XOME (9663), 4471 North Billman Estates, Shelbyville, IN 46176


Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX information provided by the Indiana Regional MLS. Copyright 2026 Indiana Regional MLS. All rights reserved.

Albert Wright Page, License RB14038157, Xome Inc., License RC51300094, [email protected], 844-400-XOME (9663), 4471 North Billman Estates, Shelbyville, IN 46176

Information is provided exclusively for consumers personal, non - commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026, Southern Indiana Realtors Association. All rights reserved.




Salem Real Estate

Salem is located in Indiana. Salem, Indiana has a population of 6,276. Salem is more family-centric than the surrounding county with 27.62% of the households containing married families with children. The county average for households married with children is 26.57%.

The median household income in Salem, Indiana is $43,021. The median household income for the surrounding county is $53,932 compared to the national median of $69,021. The median age of people living in Salem is 37.9 years.

Salem Weather

The average high temperature in July is 87 degrees, with an average low temperature in January of 22.7 degrees. The average rainfall is approximately 45.7 inches per year, with 14.4 inches of snow per year.

Salem Map

Salem Real Estate Market Conditions

  • Median sales price

    $235,400
    15.2%
    change since last quarter
  • # Active listings

    1,108
    30-day change

Salem Schools and Demographics

Education near Salem, IN

City County
High School Graduates 84.29 86.67
College Degree - 2 year 12.55 10.34
College Degree - 4 year 12.27 12.84
Graduate Degree 3.35 2.81
Expenditures per Student 12,085 12,085
Students per Teacher 13.7 13.7

Elementary Schools near Salem, IN

Grades Students P/T Ratio ZIP
Bradie Shrum Elementary KG - 05 909 18.9 47167
East Washington Elementary School KG - 04 528 22 47165
Johnson Elementary School PK - 05 221 13.8 47170
Morgan Elementary School PK - 05 484 21 47164
Scottsburg Elementary School KG - 05 480 20.9 47170
Vienna-Finley Elementary School KG - 05 310 18.2 47170
West Washington Elementary School KG - 06 410 17.1 47108

Middle Schools near Salem, IN

Grades Students P/T Ratio ZIP
East Washington Middle School 05 - 08 493 19.3 47165
Salem Middle School 06 - 08 463 14.9 47167
Scottsburg Middle School 06 - 08 594 18 47170

High Schools near Salem, IN

Grades Students P/T Ratio ZIP
Eastern High School 09 - 12 450 17.3 47165
Salem High School 09 - 12 560 17 47167
Scottsburg Senior High School 09 - 12 858 18.9 47170
West Washington Junior/Senior High School 07 - 12 407 15.1 47108

Demographics near Salem, IN

City County
Neighborhood Type Suburban
Population 6,276 28,025
Population Density 1,569 55
Median Age 37.9 40.7
People per Household 2.5 2.6
Median Household Income 43,021 53,932
Average Income per Capita 22,633 26,393

Real estate near Salem