Salem, WI—53170
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Salem, WI
As of Oct '25, the median home price in Salem, WI is $326,000, with a year-over-year change of 3.4%. This indicates that home prices in Salem, WI are increasing. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $326,000 | 3.4% |
| Single Family | $334,000 | 3.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $254,000 | 4.1% |
3 Bed | $344,000 | 3.9% |
4 Bed | $399,000 | 3.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Salem, WI
As of July '25, Rentcast reports the average rent in Salem, WI is $1,820, with a year-over-year rent change of -4.2%. Per bedroom, the median rent as of July '25 in Salem, WI is 1-bedrooms: $1,100, 4-bedrooms: $2,550. The most common rental property sizes in Salem, WI are 2-bedroom and 1-bedroom, accounting for 86.0% and 14.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,100 | $1,820 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,100 | $1,100 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | $2,550 | $2,550 |
% of Rental Stock
Property Listings — Salem, WI
As of Oct '25, Realtor.com reports that the median days on market for a home in Salem, WI is 49. This is a decrease of -5.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $432,000 | -5.0% |
Listing Count | 4 | -17.0% |
| Listings as % of Homes | 0.5% | -17.0% |
Days on Market | 49 | -5.0% |
Demographics — Salem, WI
As of the latest ACS Survey released in 2023, Salem, WI has a population of 1,980, which has decreased by -14.1% over the past 5 years. Salem, WI is a moderately popular place for families, as children make up 23.1% of the population. The area has a moderately educated workforce, with 25.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,980 | -14.1% |
% Under 18 | 23.1% | -2.5% |
% Seniors | 13.8% | 36.6% |
% WFH | 9.7% | 212.9% |
% w/ College Degree | 25.6% | -11.1% |
As of the latest ACS Survey released in 2023, Salem, WI is a predominantly white area, with 87.8% of the population identifying as white. The white population has shrunk by 5.4% in the last 5 years. The second most common race or ethnicity in Salem, WI is hispanic, making up 4.4% of the population. Foreign-born residents account for 4.7% of the population in Salem, WI, and this percentage has increased by 46.9% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 87.8% | -5.4% |
% Black | 2.0% | ∞% |
% Hispanic | 4.4% | 12.8% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 4.7% | 46.9% |
Mortgage and Risk — Salem, WI
According to HUD data as of 2023, there were 91 mortgage originations in Salem, WI, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Salem, WI. Investor activity is low, as 2.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 91 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Salem, WI
Salem, WI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 33 |
Total Units Section 8 | 33 |
% Rentals under Section 8 | 24.0% |
% Occupied Section 8 | 98.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$130 | $1,100 | $970 |
| 2 Bedroom | N/A | N/A | $1,270 |
| 3 Bedroom | N/A | N/A | $1,670 |
| 4 Bedroom | -$650 | $2,550 | $1,900 |
Affordability — Salem, WI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $326,000 |
| Median Household Income | $78,500 |