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Salem, WI—53168

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$347,000
5.6% YoY Growth
Household Income
$105,000
41.1% YoY Growth
Days on Market
44
5.0% Longer YoY
Home Price Forecast
1.8%
Median Rent
$2,100
8.9% YoY Growth
1-Bed Rent
N/A
N/A
2-Bed Rent
$2,650
68.8% YoY Growth
3-Bed Rent
$2,100
N/A

Other Zip Codes in Salem, WI

5317053179
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Salem, WI

As of Dec '25, the median home price in Salem, WI is $347,000, with a year-over-year change of 5.6%. This indicates that home prices in Salem, WI are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$347,0005.6%
Single Family $351,0005.7%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$240,0005.3%
    3 Bed
    		$348,0005.5%
    4 Bed
    		$478,0006.5%
    5 Bed $579,4305.8%
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    % of Housing Stock

    Studio
    1.5%
    1 Bedroom
    2.9%
    2 Bedrooms
    23.9%
    3 Bedrooms
    51.1%
    4 Bedrooms
    17.0%
    5+ Bedrooms
    3.5%

    Rental Trends — Salem, WI

    As of July '25, Rentcast reports the average rent in Salem, WI is $2,680, with a year-over-year rent change of 8.9%. Per bedroom, the median rent as of July '25 in Salem, WI is 2-bedrooms: $2,650, 3-bedrooms: $2,100, 4-bedrooms: $5,000. The most common rental property sizes in Salem, WI are 3-bedroom and 2-bedroom, accounting for 46.9% and 34.1% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$2,100$2,680
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent $2,650$2,650
    3 Bed Rent $2,100$2,100
    4 Bed Rent $5,000$5,000
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    % of Rental Stock

    Studio
    8.4%
    1 Bedroom
    9.7%
    2 Bedrooms
    34.1%
    3 Bedrooms
    46.9%
    5+ Bedrooms
    0.9%

    Property Listings — Salem, WI

    As of Dec '25, Realtor.com reports that the median days on market for a home in Salem, WI is 40. This is a increase of 13.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 29.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$457,00029.0%
    Listing Count
    		299.0%
    Listings as % of Homes0.5%9.0%
    Days on Market
    		445.0%
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    Demographics — Salem, WI

    As of the latest ACS Survey released in 2023, Salem, WI has a population of 9,380, which has increased by 12.8% over the past 5 years. Salem, WI is a moderately popular place for families, as children make up 21.2% of the population. The area has a moderately educated workforce, with 29.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.4% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		9,38012.8%
    % Under 18
    		21.2%-2.8%
    % Seniors
    		15.9%27.2%
    % WFH
    		7.4%94.7%
    % w/ College Degree
    		29.8%18.7%
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    As of the latest ACS Survey released in 2023, Salem, WI is a predominantly white area, with 90.4% of the population identifying as white. The white population has shrunk by 1.6% in the last 5 years. The second most common race or ethnicity in Salem, WI is hispanic, making up 4.0% of the population. Foreign-born residents account for 2.6% of the population in Salem, WI, and this percentage has decreased by 7.1% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		90.4%-1.6%
    % Black
    		0.0%-100.0%
    % Hispanic
    		4.0%-20.0%
    % Asian
    		1.0%-16.7%
    % Foreign Born
    		2.6%-7.1%
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    Mortgage and Risk — Salem, WI

    According to HUD data as of 2023, there were 105 mortgage originations in Salem, WI, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Salem, WI. Investor activity is low, as 1.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		105
    % Conventional Loans
    		87.0%
    % Government Loans
    		13.0%
    % Investor Loans
    		1.0%
    % Second Loans
    		5.0%
    % Cash Out Refinance
    		16.0%
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    Rentals and Section 8 — Salem, WI

    Salem, WI lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		30
    Total Units Section 8
    		30
    % Rentals under Section 8
    		3.8%
    % Occupied Section 8
    		91.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$1,230
    2 Bedroom-$1,050$2,650$1,600
    3 Bedroom$50$2,100$2,150
    4 Bedroom-$2,550$5,000$2,450

    Affordability — Salem, WI

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.7
    Median Home Price$347,000
    Median Household Income$105,000

    Salem, WI — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Salem, WI

    53170

    Salem, WI

    53179

    Wilmot

    53192

    Bristol, WI

    53104

    Eagle Lake, WI

    53139

    Frequently Asked Questions