Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 14,397 people, 5,749 houses or apartments, and a median cost of homes of $339,038, Salem Lakes real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Salem Lakes, accounting for 83.42% of the village's housing units. Other types of housing that are prevalent in Salem Lakes include mobile homes or trailers ( 6.05%), large apartment complexes or high rise apartments ( 5.48%), and a few row houses and other attached homes ( 2.67%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Salem Lakes. Owner-occupied housing accounts for 84.30% of Salem Lakes's homes, and 73.20% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Salem Lakes built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Salem Lakes built between 1940-1969 ( 27.21%). A lesser amount of the housing stock also hails from between 2000 and later ( 20.78%). There's also some housing in Salem Lakes built before 1939 ( 8.81%).
Appreciation rates for homes in Salem Lakes have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 86.82%, which ranks in the top 50% nationwide. This equates to an annual average Salem Lakes house appreciation rate of 6.45%.
Over the last year, Salem Lakes appreciation rates have trailed the rest of the nation. In the last twelve months, Salem Lakes's appreciation rate has been 4.77%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Salem Lakes were at 0.21%, which equates to an annual appreciation rate of 0.86%.
Relative to Wisconsin, our data show that Salem Lakes's latest annual appreciation rate is lower than 90% of the other cities and towns in Wisconsin.
$339,038
for Wisconsin
for nation
5,749
$1,793 / per month