Salem, WI—53179
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 $339,000, with a year-over-year change of 5.2%. This indicates that home prices in Salem, WI are increasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $339,000 | 5.2% |
| Single Family | $341,000 | 5.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $231,000 | 6.0% |
3 Bed | $349,000 | 5.4% |
4 Bed | $458,000 | 6.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Salem, WI
Salem, WI lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $2,500 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $2,500 | $2,500 |
| 4 Bed Rent | N/A | N/A |
% 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 24. This is a decrease of -36.0% 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 | $460,000 | 10.0% |
Listing Count | 14 | -57.0% |
| Listings as % of Homes | 0.3% | -57.0% |
Days on Market | 24 | -36.0% |
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.
| Metric | Latest Census | YoY % 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% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
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 | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 0.5% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,070 |
| 2 Bedroom | N/A | N/A | $1,400 |
| 3 Bedroom | -$660 | $2,500 | $1,840 |
| 4 Bedroom | N/A | N/A | $2,070 |
Affordability — Salem, WI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $339,000 |
| Median Household Income | $93,300 |