Salem Lakes, WI housing market
Homes typically sell in 47 days, close to asking.
Home values, sales, trends and how Salem Lakes compares with the towns next door — updated as new data is published.
Salem Lakes at a glance
A seller's market
Supply is tight — about 2.8 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Home prices up 59% in 5 years
The federal house price index for the ZIP codes around Salem Lakes rose 59% over the past 5 years, about the same as across Wisconsin. Last year prices rose 6.6%. Carrying the Census median home value forward with that index puts the typical Salem Lakes home at roughly $550,000 today.
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| Year | Change that year | Since 2000 | Wisconsin since 2000 |
|---|---|---|---|
| 2025 | +6.6% | +138% | +143% |
| 2024 | +8.6% | +124% | +131% |
| 2023 | +9.8% | +106% | +116% |
| 2022 | +13% | +87% | +95% |
| 2021 | +11% | +66% | +70% |
| 2020 | +1.7% | +50% | +54% |
| 2019 | +7.5% | +47% | +50% |
| 2018 | +6.9% | +37% | +43% |
| 2017 | +6.8% | +28% | +36% |
| 2016 | +4.4% | +20% | +29% |
| 2015 | +4.7% | +15% | +24% |
| 2014 | +2.8% | +9.7% | +21% |
| 2013 | −1.6% | +6.6% | +19% |
| 2012 | −4.9% | +8.4% | +19% |
| 2011 | −5.6% | +14% | +21% |
| 2010 | −8.9% | +21% | +25% |
| 2009 | −6.1% | +33% | +31% |
| 2008 | −1.5% | +41% | +36% |
| 2007 | +0.2% | +43% | +38% |
| 2006 | +5.8% | +43% | +36% |
| 2005 | +9.9% | +35% | +32% |
| 2004 | +8.2% | +23% | +21% |
| 2003 | +3.4% | +14% | +13% |
| 2002 | +4.7% | +10% | +9.3% |
| 2001 | +5% | +5% | +5.2% |
| 2000 | — | — | — |
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 53168, 53179, 53104, 53105, 53170, 53192, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost. The estimated value scales the Census (ACS 2020-2024) median home value by that change.
7 new homes permitted in 2025
Builders were permitted 7 new homes in Salem Lakes in 2025, all single-family houses, worth about $3.5 million to build. That's 0.5 per 1,000 residents, slower than across Wisconsin (4.3). Over the past 10 years, Salem Lakes has permitted 274 homes in all.
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| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 10 | 10 | 0 | $3.2 million |
| 2025 | 7 | 7 | 0 | $3.5 million |
| 2024 | 17 | 17 | 0 | $6.3 million |
| 2023 | 18 | 18 | 0 | $6.4 million |
| 2022 | 19 | 19 | 0 | $9.8 million |
| 2021 | 25 | 25 | 0 | $8 million |
| 2020 | 18 | 18 | 0 | $6.6 million |
| 2019 | 71 | 35 | 36 | $15.8 million |
| 2018 | 29 | 29 | 0 | $9.2 million |
| 2017 | 26 | 26 | 0 | $8.9 million |
| 2016 | 44 | 44 | 0 | $13.3 million |
| 2015 | 27 | 27 | 0 | $8.9 million |
| 2014 | 22 | 22 | 0 | $7.5 million |
| 2013 | 17 | 7 | 10 | $3.3 million |
| 2012 | 29 | 15 | 14 | $6.8 million |
| 2011 | 6 | 6 | 0 | $2.3 million |
| 2010 | 12 | 12 | 0 | $3.2 million |
| 2009 | 8 | 8 | 0 | $2.2 million |
| 2008 | 26 | 26 | 0 | $6.5 million |
| 2007 | 46 | 46 | 0 | $9 million |
| 2006 | 69 | 65 | 4 | $15.3 million |
| 2005 | 105 | 105 | 0 | $19.4 million |
| 2004 | 115 | 115 | 0 | $21 million |
| 2003 | 195 | 169 | 26 | $32.7 million |
| 2002 | 162 | 154 | 8 | $26.7 million |
| 2001 | 127 | 97 | 30 | $17.4 million |
| 2000 | 106 | 88 | 18 | $16.2 million |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Salem Lakes and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Salem Lakes | — | +6.6%† | $1,430 | 7 | $94,819 |
| Paddock Lake | $327K | +4.7% | $1,510 | 24 | $87,800 |
| Bristol | $469K | +5.2% | $1,620 | 203 | $123,648 |
| Randall | $480K | +5.5% | $1,330 | 16 | $115,665 |
| Antioch | $359K | +6.5% | $1,510 | — | $101,932 |
| Brighton | $635K | +12% | $1,500 | 8 | $91,875 |
† FHFA price index change, where Zillow has no home value for the town.
3.3 years of income
The typical Salem Lakes home costs about 3.3 years of the town's median household income, less than across Wisconsin (4.4 years).
How Salem Lakes ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,430
HUD's Fair Market Rent for a two-bedroom in Salem Lakes is $1,430 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Salem Lakes pay a median of $1,184, so moving in tends to cost more than staying put. A two-bedroom takes about 18% of the town's median household income.
Studio $1,100 · 4 bedrooms $2,210
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (53104, 53105, 53168, 53170, 53179, 53192; Kenosha, WI MSA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
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. New homes: U.S. Census Bureau, Building Permits 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.