A typical Salamonie home is worth roughly $130,000
What kind of housing town is Salamonie?
Read from the numbers below. The page puts what stands out first.
A typical home costs 1.8 years of income
Less than across Indiana (3.6 years). Try your own numbers below.
That covers a typical Salamonie home, with $158K to spare.
A two-bedroom rents for about $1,090 a month here, $340 more than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Salamonie’s typical property tax (0.61% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
A two-bedroom rents for about $1,090
Renters already here pay a median of $955, so moving in tends to cost more than staying put.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Wells County, IN HUD Metro FMR Area): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
66% of Salamonie households own their home
Half of Salamonie’s homes were built before 1972.
Indiana: 71% own.
U.S. Census Bureau, American Community Survey 2020-2024.
Salamonie vs. its neighbors
Salamonie is the 2nd least expensive of 5 neighboring towns. Tap one to see its housing page.
Compare more
| Town | Typical value | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|---|
| Salamonie | $130K* | — | $1,090 | $70,950 |
| Jackson | $236K* | — | $1,050 | $85,438 |
| Jefferson | $187K* | — | $1,090 | $68,375 |
| Rock Creek | $183K* | +2.4%† | $980 | $77,100 |
| Liberty | $125K* | — | $980 | $56,080 |
Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.
Neighbors talk housing
What Salamonie buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.