House Prices

House Prices & Home Values Salem, SD 2026


Average Data

average house price$230,617
average size per house2355 ft²
average price per ft²98 $ / ft²

04/23/2026 - The value range (VR) for house prices in Salem, SD is $30/ sqft to $30/ sqft. An average home with 2355 sqft costs approximately $70,650 to $70,650. Salem, SD includes 1 ZIP codes and it is located in McCook county. The lowest prices are found in ZIP 57058, while the highest are in ZIP 57058. The average price per sqare feet is $98. Our analysis is based on 31 property listings.

Avergage prices by ZIP codes Salem

5705833 $ / ft²




Historical development of home values in Salem

Year Estimated value (USD) Change vs. 2025
2010 $107,103 -53.6%
2011 $102,961 -55.4%
2012 $102,684 -55.5%
2013 $106,522 -53.8%
2014 $111,819 -51.5%
2015 $117,558 -49.0%
2016 $123,693 -46.4%
2017 $130,369 -43.5%
2018 $137,576 -40.3%
2019 $143,955 -37.6%
2020 $151,397 -34.4%
2021 $172,198 -25.3%
2022 $200,744 -13.0%
2023 $211,694 -8.2%
2024 $223,941 -2.9%
2025 $230,617 0.0%

Graph: estimated home values in Salem over time (USD)



Example: 100% financing house in Salem

Loan amount: $230,617

Interest rate: 6.00%

Fixed monthly payment: $1,382.67

Breakdown in the 1st month:
Interest portion: $1,153.09  –  Principal portion: $229.58

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $13,759.98 $2,832.00 $227,785.00
2 $13,585.31 $3,006.68 $224,778.32
3 $13,399.86 $3,192.12 $221,586.20
4 $13,202.98 $3,389.00 $218,197.20
5 $12,993.96 $3,598.03 $214,599.17
6 $12,772.04 $3,819.95 $210,779.22
7 $12,536.43 $4,055.55 $206,723.66
8 $12,286.29 $4,305.69 $202,417.97
9 $12,020.73 $4,571.26 $197,846.71
10 $11,738.78 $4,853.20 $192,993.51
11 $11,439.45 $5,152.54 $187,840.97
12 $11,121.65 $5,470.34 $182,370.63
13 $10,784.25 $5,807.73 $176,562.90
14 $10,426.04 $6,165.94 $170,396.96
15 $10,045.74 $6,546.24 $163,850.71
16 $9,641.98 $6,950.00 $156,900.71
17 $9,213.32 $7,378.66 $149,522.05
18 $8,758.22 $7,833.76 $141,688.29
19 $8,275.05 $8,316.93 $133,371.35
20 $7,762.08 $8,829.90 $124,541.45
21 $7,217.47 $9,374.51 $115,166.94
22 $6,639.27 $9,952.71 $105,214.23
23 $6,025.41 $10,566.57 $94,647.66
24 $5,373.69 $11,218.30 $83,429.36
25 $4,681.77 $11,910.22 $71,519.14
26 $3,947.17 $12,644.81 $58,874.33
27 $3,167.27 $13,424.72 $45,449.62
28 $2,339.26 $14,252.72 $31,196.90
29 $1,460.19 $15,131.80 $16,065.10
30 $526.89 $16,065.10 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Salem, SD


1500 sqft3900 sqft
Ø selling price$177,870$378,379
Ø fast selling$161,700$340,541
Ø high price sale$194,041$416,216

In 2026, houses in Salem, SD will be offered at an average price of $98 per square foot. A 1,500 sqft home priced at $177,870 is 24.79% more expensive per square foot than a 3,900 sqft home priced at $378,379. Home prices in Salem, SD vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $261,955. Sellers who can wait longer may achieve a higher price of up to $320,166.


Discover Salem, SD

Location and Overview

Salem, SD is the friendly county seat of McCook County in southeastern South Dakota.
Ideally placed between Sioux Falls and Mitchell, Salem offers small-town charm with convenient regional access near the I?90 corridor.

Community and Recreation

The community features tree-lined neighborhoods, well-kept parks, and a welcoming Main Street with local dining, services, and shops, offering plenty of things to do in Salem, SD.
Outdoor enthusiasts enjoy nearby prairie landscapes, seasonal recreation, and family-friendly amenities that make weekends easy to plan.

Economy, Schools, and Housing

Salem?s economy blends agriculture, small businesses, and service providers that support both residents and surrounding farms.
Area Salem SD schools and civic organizations anchor a strong sense of volunteerism and hometown pride.
Homebuyers appreciate attainable Salem SD real estate prices, steady property values, and options ranging from classic single-family homes to newer builds.

Living and Visiting

For renters and commuters, the short drive to larger job centers adds flexibility without giving up a quieter pace.
Annual community events, sports, and gatherings fill the calendar and create opportunities to connect with neighbors and local culture.
Whether you are planning a visit or considering a move, Salem, South Dakota delivers a convenient location, friendly faces, and authentic small-town living.



FAQ – Home Values in Salem

What is the median home value in Salem in 2026?

In 2026, the typical home value in Salem is about $230,617 for an average home size of 2355 square feet. This corresponds to an average price of roughly $98 per square foot.

What is the average cost per square foot in Salem?

In 2026, homes in Salem sell for an average of around $98 per square foot, with a typical range between $30 and $30 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Salem is about 2355 square feet, with an estimated 2026 value around $230,617.



Locations close to Salem, SD

Scotland, SD28 $ / ft²
Sinai, SD165 $ / ft²
Springfield, SD168 $ / ft²
Rutland, SD332 $ / ft²
Renner, SD115 $ / ft²
Ramona, SD106 $ / ft²
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