Homes in Salem
Home prices around Salem have risen about 52% over the past 5 years.
What kind of housing town is Salem?
Read from the numbers below. The page puts what stands out first.
Home prices up 52% in 5 years
The federal house price index for the ZIP codes around Salem rose 52% over the past 5 years, about the same as across South Dakota. Last year prices fell 4.2%.
Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Salem, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.
A two-bedroom rents for about $960
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Sioux Falls, SD HUD Metro FMR Area): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
Salem vs. its neighbors
The towns that share a border with Salem. Tap one to see its housing page.
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| Town | Typical value | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|---|
| Salem | — | −4.2%† | $960 | $104,250 |
| Spring Valley | — | +0.9%† | $1,140 | $115,250 |
| Childstown | — | −8.2%† | $960 | $95,197 |
Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.
Neighbors talk housing
What Salem buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.