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These days, finding an affordable place to live in the Salem area can be challenging. Home prices in Salem are now at a median cost of $336,830, higher than the Wisconsin average of $280,373.
The average cost of rent is $1,236/mo in Salem, primarily driven by the current value of real estate in the Salem area. In Salem, 22.96% of households rent, and 37.24% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Salem is $8,708 per month. Households that rent pay about 14.19% of their income on rent here. Salem’s most expensive areas are in the northern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Paddock Lake, WI: less expensive homes
- Silver Lake, WI: less expensive homes
- Trevor, WI: equally priced homes
- Bristol, WI: higher priced homes
- Benet Lake, WI: less expensive homes
- Lake Shangrila, WI: equally priced homes
- Wilmot, WI: less expensive homes
- Channel Lake, IL: less expensive homes
- Wheatland, WI: higher priced homes
- Antioch, IL: less expensive homes
Cities with Similar Populations
- Liberty, IN: less expensive homes
- Lochridge, TX: less expensive homes
- Livingston, AL: less expensive homes
- Linwood, NC: less expensive homes
- Lindsborg, KS: less expensive homes
- Linden, VA: equally priced homes
- Linden, NC: less expensive homes
- Lindale, GA: less expensive homes
- Lincolnton, GA: less expensive homes
- Lincoln, MA: higher priced homes
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