A typical Salem home is worth roughly $81,000
What kind of housing town is Salem?
Read from the numbers below. The page puts what stands out first.
A typical home costs 2 years of income
Less than across Missouri (3.8 years). Try your own numbers below.
That covers a typical Salem home, with $80K to spare.
A two-bedroom rents for about $890 a month here, $420 more than owning.
How Salem ranks on affordability →
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Salem’s typical property tax (0.69% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
A two-bedroom rents for about $890
Renters already here pay a median of $565, so moving in tends to cost more than staying put.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Dunklin County, MO): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
64% of Salem households own their home
Half of Salem’s homes were built before 1973.
Missouri: 68% own.
U.S. Census Bureau, American Community Survey 2020-2024.
Salem vs. its neighbors
Salem is the 3rd least expensive of 5 neighboring towns. Tap one to see its housing page.
Compare more
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Salem | $81K* | — | $890 | — | $40,352 |
| Independence | $114K* | — | $900 | — | $55,521 |
| Clay | $69K* | — | $890 | — | $50,000 |
| Buffalo | $81K* | — | $910 | — | $24,537 |
| Arbyrd | $60K | −10.2% | $890 | 0 | $37,000 |
Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.
On the market in Salem
Listed in the past 60 days. Each opens on the listing site.
Neighbors talk housing
What Salem buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.