500 E Homer Street, Salem, IN, 47167
About This Home
Welcome home to this beautifully updated Salem gem! From the brand-new kitchen cabinets to the recently replaced appliances, this home shines with thoughtful improvements throughout. Major mechanical updates include a 2-year-old roof, 2-year-old HVAC system, and a water heater that's only 1 year old—giving buyers confidence for years to come. Offering 2 bedrooms, 1 bath, over 1,000 square feet of living space, and a detached garage, this move-in ready property combines affordability, charm, and convenience in one package. Located near shopping, dining, and local amenities, this is the perfect place to call home. Schedule your showing today before it's gone!
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Resale
- Year built: 1951
Materials
- Foundation: Crawlspace
- Roof: Shingle
- Construction materials: Frame,Vinyl Siding
Type & Style
- Home type: SingleFamily
- Architectural style: One Story
- Property subType: Single Family Residence
Interior
Appliances
- Laundry features: Main Level,Laundry Room
Basement
- Basement: Crawl Space
Bedroom
- Level: First
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Features
- Eat-in Kitchen,Main Level Primary
- Finished area below ground: 0
- Finished area above ground: 1,008
Heating & Cooling
- Heating features: Forced Air
- Cooling features: Central Air
Interior Area
- Total structure area: 1,008
- Total interior livable area: 1,008 sqft
Kitchen
- Level: First
Living Room
- Level: First
Master Bedroom
- Level: First
Other
- Level: First
Property
Details
- Parcel number: 882417112065000022
- Zoning: Residential
- Zoning description: Residential
Features
- Levels: One
- Stories: 1
- Patio & porch: Porch
- Exterior features: Fence,Porch
- Fencing: Yard Fenced
Lot
- Lot size: 9,583 sqft
- Features: Corner Lot
Parking
- Total spaces: 1
- Parking features: Attached,Garage
- Has garage: Yes
- Attached garage spaces: 1
- Covered spaces: 1
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Tornado
- Inland Flooding
- Strong Wind
- Winter Weather
- Cold Wave
- Earthquake
- Heat Wave
- Lightning
How This Home’s Risks Compare
FEMA Declared Disasters Across Indiana Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $920 | $11,040 |
| Home Insurance * | $158 | $1,896 |
| Property Taxes | $288 | $3,456 |
| Electricity | $184 | $2,212 |
| Total | $1,550 | $18,600 |
Income You'd Need if You Spent...
Indiana FAIR Plan Programs
Indiana Basic Property Insurance Underwriting Association
Wildfire
HailWindHow Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-29 | Listed for sale | $182,000 |
| 2024-04-23 | Sold | $40,000 |
| 2024-04-02 | Pending sale | $50,000 |
| 2023-12-01 | Sold | $25,561 |
View on Zillow