Housing · Salem
Salem, SD housing market
The median sale price was $115,000 in May 2026.
Home values, sales, trends and how Salem compares with the towns next door — updated as new data is published.
The market right now
Salem at a glance
Median sale price
$115K
May 2026 · Redfin
Homes sold
1
in May · 6 for sale
Only 1 sale in May 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Affordability
2.2 years of income
The typical Salem home costs about 2.2 years of the town's median household income, less than across South Dakota (4.3 years).
Home value ÷ ACS median household income.
The homes
Owners, rent & taxes
Homeownership
68%
South Dakota: 68.6%
Median tax bill
$1,875
South Dakota: $2,724
Median rent
$965
South Dakota: $946
Typical home built
1974
South Dakota: 1980
U.S. Census Bureau, ACS 2020-2024.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Listings link to their publishers.