Salem, WI housing market
The typical Salem home is worth about $377,000, up 5.2% in a year, 11% above the Wisconsin typical home.
Home values, sales, trends and how Salem compares with the towns next door — updated as new data is published.
Salem at a glance
Typical home value, 2016–2026
Show as a table
| January | Salem | Wisconsin |
|---|---|---|
| 2017 | $196,000 | $180,000 |
| 2018 | $202,000 | $190,000 |
| 2019 | $218,000 | $202,000 |
| 2020 | $233,000 | $215,000 |
| 2021 | $257,000 | $238,000 |
| 2022 | $286,000 | $263,000 |
| 2023 | $303,000 | $282,000 |
| 2024 | $324,000 | $299,000 |
| 2025 | $350,000 | $317,000 |
| 2026 | $365,000 | $333,000 |
| August 2026 | $377,000 | $340,000 |
Salem and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|---|
| Salem | $377K | +5.2% | $1,520 | $93,750 |
| Maiden Rock | $348K | +6.9% | $1,520 | $73,929 |
| Union | — | +6.9%† | $1,520 | $94,750 |
† FHFA price index change, where Zillow has no home value for the town.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $1,520
HUD's Fair Market Rent for a two-bedroom in Salem is $1,520 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Salem pay a median of $950, so moving in tends to cost more than staying put.
Studio $1,100 · 4 bedrooms $2,270
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (54011, 54750; Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area), 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, August 2026. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.