Median home value in zip code 62881 (Salem, IL) is $142,635, up 8.4% year over year. Part of the Centralia, IL metropolitan area.

Home Value$142,635

YoY Change

+8.4%

Prices rising — worse for buyers.

Affordability

Enter your income for 62881 (Salem).

Income (annual)

Down Payment

$28,527 on $142,635

Example: $75,000 household income. Change it above to see your own.

Affordable18.2% of income

Under the 28% guideline.

PITI$1,136

P/I18.2%

Afford$220K

Room+$77K

P&I $721Tax $265Ins $150

6.50% 30yr, 20% down, county tax + IL ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Metro Analysis

62881 is part of the Centralia, IL metropolitan area. See full stress scores, crash risk, early warning signals, and 12-month price forecast for the metro.

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