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205 S Posey Street, Salem, IN 47167

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For Sale

$160,000

4 beds • 2 baths • 1 half baths • 2,153 sqft

Estimated Payment

$ 868 /mo. †

6.67% APR for 30 yrs.
$531 in taxes
Change Loan Terms

  • Single Family Detached
    Property type

  • Newly Listed
    Time on Century 21

  • $74.31
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

This stunning 4-bedroom, 2.5-bath home offers a perfect blend of charm and functionality! The first-floor primary bedroom provides convenience, while the spacious laundry room adds to everyday ease. Enjoy breathtaking park-like views from the covered porch, perfect for relaxing or entertaining. With two stories of beautifully designed space, this home is a must-see!
MLS# 202506645

Courtesy Of RE/MAX FIRST

(812) 283-4778

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Porch, Ceiling Fan
  • Architecture Style
    Other
  • Fireplace
    Fireplace
  • Heating System
    Baseboard, Fireplace
  • Lot Size
    0.31 Acres
  • Rooms
    Basement
  • View Type
    Park

Map and Directions

Directions to 205 S Posey Street, Salem, IN 47167

Home seller CENTURY 21 River Valley Real Estate, Inc.

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 River Valley Real Estate, Inc.

(812) 273-1234
Learn More About Us

Mortgage Calculator

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Loan Term
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Monthly Payment Breakdown

  • Principle and Interest
    $823
  • Property Taxes
    $44
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $868

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

Schools

Bradie Shrum Elementary School

Grades PK-5 Public School

Salem, IN 47167 0.8 miles
11101 n shelby st

809 total students
15:1 Student teacher ratio

School Rating: B

School Details

Salem Middle School

Grades 6-8 Public School

Salem, IN 47167 0.7 miles
1001 n harrison st

411 total students
14:1 Student teacher ratio

School Rating: C+

School Details

Salem High School

Grades 9-12 Public School

Salem, IN 47167 0.5 miles
700 n harrison st

542 total students
15:1 Student teacher ratio

School Rating: C-

School Details

School information does not guarantee enrollment. School service boundaries are provided as a reference only, may change, and are not guaranteed to be accurate. Contact the school district directly to verify school enrollment eligibility.

Local area information for Salem, IN 47167

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Salem, IN 47167

This community’s employment is highest in the production occupations and administrative support industries. The area’s overall household expenses are below the national average.

88° July
Hottest Average Month
22° January
Coldest Average Month
5,993 Total Households in Area
0.5% Increase in population since the year 2010
29%
of households
have children
28 minutes
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Demographic facts
for Salem, IN 47167

Salem, IN 47167 has a population of 15,266 people in 5,993 households with a median age of 42.2 years old.

0.5%
Increase in population
since the year 2010
Population is Trending up
5,986
Total households as of 2010
1.8%
projected percent change in total
households in 5 years

Community Population By Age

The median age for this area is 42.2 years old. The smallest percentage group is 55-64 years and the largest percentage is the 85+ years age range.

Community Population By Ethnicity

White 95%
Hispanic 1%
Other <1%
Asian <1%
Black <1%
Native American <1%
The most prevalent ethnicity is White at 95%, followed by Hispanic at 1%, Other at <1%, and Asian at <1%.

Economics
for Salem, IN 47167

71 /sq mi
Population Density
$55,527 /yr
Median Household Income
$199,500
Median Sales Price
28 min
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Household by Income

Out of the households in this area, the largest income group is $50-74,999k representing 18.12% of the households.

Transportation to Work

  • Drive 93%
  • Work from Home 5%
  • Walk or Bike 2%
  • Public Transit 0%

Occupancy by Type

Owned 4,793 73%
Rented 1,199 18%
Vacant 602 9%

White vs Blue Collar Jobs







White Collar 49%
Blue Collar 51%

Family & Education Facts
for Salem, IN 47167

42.2 Median Age

Average Household Size

2.5
persons per
household

49%

Married Households

Community Population By Education

High School Graduate 43%
Some College 18%
Some High School 15%
Associates Degree 10%
Bachelors Degree 10%
Graduate Degree 4%
Of the total people surveyed, the most prevalent educational attainment level is High School Graduate, representing 42.65% of the population.

Household Family Expenses vs National Average

This location’s average annual expenditures compared to the national average. Index score (100=National Average)
29% of households have children

Weather
for Salem, IN 47167

The weather for this area ranges from a high of 88° F in July to a low of 22° F in January

88° July
Hottest Average Month
22° January
Coldest Average Month

Average Temperature by Month

Low (°F)
High (°F)
Jan
22°
41°
Feb
24°
45°
Mar
33°
55°
Apr
42°
67°
May
52°
76°
Jun
60°
84°
Jul
64°
88°
Aug
62°
86°
Sep
55°
81°
Oct
44°
69°
Nov
34°
55°
Dec
26°
43°

Average Temperature in Degrees Fahrenheit

Precipitation

Precipitation (inch)

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There's more to learn about Salem, IN 47167!
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Copyright © 2025 Southern Indiana REALTORS Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is 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. Information being provided is 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.

Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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