Real Estate Investing in Salem, Wisconsin

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

3 ZIP codes • Population: 18,084 • Kenosha County

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Should you buy in Salem, WI? Our answer, based on the numbers below.

🏠 For Homebuyers
MIXED
Grade C (66/100)

Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
1 flag
  • Elevated vacancy: 8.7% vacancy may signal weakening demand.

What’s happening in Salem, WI?

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

6.9% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $362,913
Avg Monthly Rent $1,239
ZIP Codes 3

Investing in Salem Real Estate

With a sizable population across 3 ZIPs, Salem shows the kind of sluggish fundamentals that keep most out-of-state capital on the sidelines.

Salem is the kind of market where the cap rate on paper and the cap rate realized tend to diverge. unambiguously out-of-state investors should be especially careful with the assumptions they carry in.

clearly Salem's sale market has not rewarded patience. better suited elsewhere for listings sit longer, price cuts are common, and rent growth has been flat to negative in multiple ZIPs.

A an established population with $N/AK household income profile is what makes Salem a challenging rental market — the tenant base is present, but the affordability math is tight.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Best ZIP codes in Chicago-Naperville-Elgin, IL-IN-WI

Salem is part of this metro. Every ZIP in it, ranked. Free.

Cash Flow → Appreciation → Affordable → 1% Rule →

Landlord Ground Truth

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Avg Home Value
$362,913
Avg Monthly Rent
$1,239
1% Rule
✗ Below
Landlord Friendly (WI)

Neighborhoods in Salem

ZIP Codes in Salem, WI

Screen every ZIP in Salem

Filter Salem’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Salem, WI

Are rents high in Salem, WI?

Rental rates in Salem, WI average $1,239/mo. Tenant demand and $363K home values make the yield look reasonable by investor standards.

Is Salem, WI good for landlords?

Rental owners in Salem, WI deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.

How strong is Salem, WI for real estate investors?

Investors tracking Salem, WI will find a 3.0/5 rating supported by $363K median home values and $1,239/mo rents. That profile suits long-term holders targeting stable returns.

Does house hacking make sense in Salem, WI?

The a challenging house-hack environment in Salem, WI reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.

Do landlords face vacancy issues in Salem, WI?

Occupancy in Salem, WI runs even-keeled with elevated vacancy. Well-priced units at $1,239/mo lease on reasonable timelines.

Community Ratings

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