Housing in Salem, IA
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Zillow — January 2026Zillow Home Value Index
$199,195
Salem vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Salem is highlighted.
Median Home Value
9th%ilemost expensive$75,000show rank
Median Rent
38th%ilemost expensive rent$850show rank
Rent Burden
39th%ilehighest rent burden17.1%show rank
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$75,000
Median Rent
$850
Total Housing Units
155
Vacancy Rate
3.9%
Owner Occupied
83.2%
Renter Occupied
16.8%
Median Property Tax
$1,204
per year
Monthly Cost (w/ Mortgage)
$883
Housing Types
Single Family76.8%
Multi-Family7.7%
Mobile Home15.5%
The median home value in Salem, IA is $75,000. According to Zillow, the home value index for Salem is $199,195. The median rent is $850 per month (Census ACS). About 83.2% of housing units are owner-occupied. The median year homes were built is 1954. There are 155 total housing units.