Village in Kenosha County, Wisconsin. Data-backed housing guide by Kinan Sawar, MD — REALTOR® at Shorewest, REALTORS®. Figures as of 2026-07-03.
| Typical home value | $374,483 |
|---|---|
| 1-year change | +5.0% |
| 5-year change | +37.9% |
| Typical rent | not published |
The typical home in Salem Lakes, Wisconsin is worth about $374,483 as of 2026-07-03, up 5.0% over the past year and up 37.9% over five years. Source: Zillow Home Value Index, compiled by Sawar Homes.
Five-year growth is the headline in Salem Lakes: home values are up 37.9% since 2021, one of the stronger cumulative runs among its nearby comps. The typical home in the village is worth $374,483 as of April 30, 2026, after a 5.0% gain in the past year.
Despite that run, Salem Lakes still prices under its county. The Kenosha County median is $450,257, putting the village about $76,000 (16.8%) below it, at rank 9 of 11 county municipalities by typical value.
The village also sits roughly $81,000 under the seven-county regional median of $455,834. Strong recent appreciation from a below-median base is the shape of this market.
Salem Lakes' $374,483 typical value slots below nearby Twin Lakes ($408,283) and Somers ($392,072), and above Paddock Lake ($327,001). Wheatland, at $450,257, matches the county median exactly — a reminder of how much higher some neighboring markets price.
The growth picture is notable on both horizons: 5.0% in one year and 37.9% over five. The five-year figure implies an average annual pace above the most recent year's, so appreciation has eased somewhat from its peak rate. Past growth does not guarantee future results.
No rent, yield, or ZIP-level figures are available for Salem Lakes in this dataset, so the analysis here rests on value, rank, and growth.
| Homes sold (arms-length, single-family) | 242 |
|---|---|
| Median sale price | $350,000 |
| Middle 50% of sales | $220,000 to $475,000 |
| Government-backed financing (FHA/VA/USDA) | 4.1% |
| Seller-financed | 0.8% |
Over the 12 months ending June 2026, 242 single-family homes sold in Salem Lakes, Wisconsin in arms-length transactions, at a median price of $350,000. Half of those sales fell between $220,000 and $475,000. Source: Wisconsin Department of Revenue real estate transfer returns, compiled by Sawar Homes — every recorded sale, including for-sale-by-owner and builder-direct transactions that never appear in the MLS.
Zillow’s typical-home-value estimate for Salem Lakes is $374,483, while homes that actually changed hands had a median price of $350,000 — a difference of -6.5%. These measure different things, and neither is wrong: the index estimates the value of every home whether or not it sold, while the sale figure reflects only the homes that changed hands, which usually skew toward the more affordable end of the market.
Buyers get a below-median entry into Kenosha County here: $374,483 typical versus a $450,257 county median is a $76,000 gap, with an even wider spread against the regional median. The trade-off in the data is momentum — a market that has appreciated 37.9% in five years has already repriced substantially, and buyers should anchor offers to current comps rather than to what similar homes traded for even two or three years ago.
Sellers hold a strong statistical hand: 5.0% appreciation in the past year on top of a 37.9% five-year run. Positioning against the neighboring comps matters — Salem Lakes prices about $34,000 under Twin Lakes and about $47,000 over Paddock Lake, so the right comp set depends heavily on the specific property. Appreciation history supports pricing but does not guarantee any particular sale outcome.
Salem Lakes gathers a chain of inland lakes — Silver Lake, Camp Lake, Center Lake, and Hooker Lake among them — with the Fox River bending past the hamlet of Wilmot in its southwest corner. Silver Lake County Park adds wooded shoreline and trails, the Kenosha County Fairgrounds and Wilmot Raceway sit near the river in Wilmot, and Highway 50 carries daily errands east toward I-94.
Dates and details change year to year — check each event’s organizers for current schedules.
The typical home value in the Village of Salem Lakes is $374,483 as of April 30, 2026.
Values are up 37.9% over the past five years, including a 5.0% gain in the most recent year. Past growth does not guarantee future results.
Yes. Salem Lakes' typical value of $374,483 is about $76,000 below the Kenosha County median of $450,257, ranking 9 of 11 county municipalities by typical value.
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Kinan Sawar, MD — REALTOR® at Shorewest, REALTORS®, serving Milwaukee and Southeast Wisconsin (Milwaukee, Waukesha, Ozaukee, Washington, Racine, Kenosha, and Walworth counties). Email: [email protected] · Phone: (618) 713-2964.
How to choose a real estate agent in Salem Lakes and Milwaukee — a five-question checklist
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Home values and rents are Zillow ZHVI/ZORI estimates for the named area, as of 2026-07-03; incomes and population are U.S. Census (SAIPE, Population Estimates); migration is IRS Statistics of Income. Area-level statistical estimates for information only — not an appraisal, and not financial, legal, or tax advice.