West Salem, WI—54669
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — West Salem, WI
As of Oct '25, the median home price in West Salem, WI is $363,000, with a year-over-year change of 1.0%. This indicates that home prices in West Salem, WI are increasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $363,000 | 1.0% |
| Single Family | $365,000 | 1.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $339,000 | 2.1% |
4 Bed | $401,000 | 2.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — West Salem, WI
As of July '25, Rentcast reports the average rent in West Salem, WI is $872, with a year-over-year rent change of -32.4%. Per bedroom, the median rent as of July '25 in West Salem, WI is 2-bedrooms: $1,300, 3-bedrooms: $445. The most common rental property sizes in West Salem, WI are 2-bedroom and 3-bedroom, accounting for 38.5% and 36.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $445 | $872 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,300 | $1,300 |
| 3 Bed Rent | $445 | $445 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — West Salem, WI
As of Oct '25, Realtor.com reports that the median days on market for a home in West Salem, WI is 47. This is a increase of 23.0% 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 36.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $396,000 | 9.0% |
Listing Count | 11 | 2.0% |
| Listings as % of Homes | 0.1% | 2.0% |
Days on Market | 47 | 23.0% |
Demographics — West Salem, WI
As of the latest ACS Survey released in 2023, West Salem, WI has a population of 8,230, which has increased by 4.0% over the past 5 years. West Salem, WI is a popular place for families, as children make up 26.8% of the population. The area has a moderately educated workforce, with 42.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,230 | 4.0% |
% Under 18 | 26.8% | 18.1% |
% Seniors | 17.9% | -1.1% |
% WFH | 11.5% | 155.6% |
% w/ College Degree | 42.3% | 16.2% |
As of the latest ACS Survey released in 2023, West Salem, WI is a predominantly white area, with 88.0% of the population identifying as white. The white population has shrunk by 6.5% in the last 5 years. The second most common race or ethnicity in West Salem, WI is asian, making up 5.0% of the population. Foreign-born residents account for 1.8% of the population in West Salem, WI, and this percentage has increased by 5.9% 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 | 88.0% | -6.5% |
% Black | 0.4% | -42.9% |
% Hispanic | 2.7% | 8.0% |
% Asian | 5.0% | 316.7% |
% Foreign Born | 1.8% | 5.9% |
Mortgage and Risk — West Salem, WI
According to HUD data as of 2023, there were 98 mortgage originations in West Salem, WI, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in West Salem, WI. Investor activity is low, as 8.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 98 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 8.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — West Salem, WI
West Salem, WI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 76 |
Total Units Section 8 | 51 |
% Rentals under Section 8 | 10.2% |
% Occupied Section 8 | 81.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,010 |
| 2 Bedroom | $20 | $1,300 | $1,320 |
| 3 Bedroom | $1,295 | $445 | $1,740 |
| 4 Bedroom | N/A | N/A | $2,190 |
Affordability — West Salem, WI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $363,000 |
| Median Household Income | $100,000 |