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Salem, WI—53179

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$337,000
5.0% YoY Growth
Household Income
$93,300
31.4% YoY Growth
Days on Market
42
40.0% Shorter YoY
Home Price Forecast
1.7%
Median Rent
$2,500
N/A
1-Bed Rent
N/A
N/A
2-Bed Rent
N/A
N/A
3-Bed Rent
$2,500
N/A

Other Zip Codes in Salem, WI

5316853170
  • 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 $337,000, with a year-over-year change of 5.0%. This indicates that home prices in Salem, WI are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$337,0005.0%
Single Family $338,0005.0%
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
    		$227,0005.1%
    3 Bed
    		$348,0005.1%
    4 Bed
    		$454,0006.3%
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    0.4%
    1 Bedroom
    2.2%
    2 Bedrooms
    20.3%
    3 Bedrooms
    59.6%
    4 Bedrooms
    14.8%
    5+ Bedrooms
    2.7%

    Rental Trends — Salem, WI

    Salem, WI lacks sufficient rental market data for analysis.

    TypeMedian RentAverage Rent
    Average Rent$2,500$2,500
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent N/AN/A
    3 Bed Rent $2,500$2,500
    4 Bed Rent N/AN/A
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    % of Rental Stock

    1 Bedroom
    4.2%
    2 Bedrooms
    70.4%
    3 Bedrooms
    25.4%

    Property Listings — Salem, WI

    As of Dec '25, Realtor.com reports that the median days on market for a home in Salem, WI is 29. This is a decrease of -44.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$352,00024.0%
    Listing Count
    		13-54.0%
    Listings as % of Homes0.3%-54.0%
    Days on Market
    		42-40.0%
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    Demographics — Salem, WI

    As of the latest ACS Survey released in 2023, Salem, WI has a population of 6,720, which has decreased by -7.8% over the past 5 years. Salem, WI is a moderately popular place for families, as children make up 20.9% 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 9.8% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		6,720-7.8%
    % Under 18
    		20.9%-17.1%
    % Seniors
    		12.2%45.2%
    % WFH
    		9.8%292.0%
    % w/ College Degree
    		25.6%7.6%
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    As of the latest ACS Survey released in 2023, Salem, WI is a predominantly white area, with 82.3% of the population identifying as white. The white population has shrunk by 12.7% in the last 5 years. The second most common race or ethnicity in Salem, WI is hispanic, making up 12.0% of the population. Foreign-born residents account for 5.6% of the population in Salem, WI, and this percentage has increased by 460.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		82.3%-12.7%
    % Black
    		1.0%150.0%
    % Hispanic
    		12.0%242.9%
    % Asian
    		0.0%N/A
    % Foreign Born
    		5.6%460.0%
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    Mortgage and Risk — Salem, WI

    According to HUD data as of 2023, there were 234 mortgage originations in Salem, WI, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, 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. 19.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		234
    % Conventional Loans
    		84.0%
    % Government Loans
    		16.0%
    % Investor Loans
    		1.0%
    % Second Loans
    		3.0%
    % Cash Out Refinance
    		19.0%
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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
    		1
    Total Units Section 8
    		1
    % Rentals under Section 8
    		0.5%
    % Occupied Section 8
    		N/A

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$1,070
    2 BedroomN/AN/A$1,400
    3 Bedroom-$660$2,500$1,840
    4 BedroomN/AN/A$2,070

    Affordability — Salem, WI

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3
    Median Home Price$337,000
    Median Household Income$93,300

    Salem, WI — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Salem, WI

    53170

    Wilmot

    53192

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    60002

    Salem, WI

    53168

    Bristol, WI

    53104

    Frequently Asked Questions