Salem, WI—53168
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Salem, WI
As of Nov '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 Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $347,000 | 5.6% |
| Single Family | $351,000 | 5.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $240,000 | 5.3% |
3 Bed | $348,000 | 5.5% |
4 Bed | $478,000 | 6.5% |
| 5 Bed | $579,430 | 5.8% |
% of Housing Stock
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.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,100 | $2,680 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $2,650 | $2,650 |
| 3 Bed Rent | $2,100 | $2,100 |
| 4 Bed Rent | $5,000 | $5,000 |
% of Rental Stock
Property Listings — Salem, WI
As of Nov '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.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $540,000 | 32.0% |
Listing Count | 28 | 6.0% |
| Listings as % of Homes | 0.5% | 6.0% |
Days on Market | 40 | 13.0% |
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.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,380 | 12.8% |
% Under 18 | 21.2% | -2.8% |
% Seniors | 15.9% | 27.2% |
% WFH | 7.4% | 94.7% |
% w/ College Degree | 29.8% | 18.7% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
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 Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/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
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $347,000 |
| Median Household Income | $105,000 |