Salem, MO—65560
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Salem, MO
Salem, MO lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $181,000 | 2.7% |
| Single Family | $181,000 | 3.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $116,000 | -4.1% |
2 Bed | $116,000 | -0.9% |
3 Bed | $192,000 | 2.7% |
4 Bed | $251,000 | 2.0% |
| 5 Bed | $280,000 | 0.7% |
% of Housing Stock
Rental Trends — Salem, MO
As of July '25, Rentcast reports the average rent in Salem, MO is $598, with a year-over-year rent change of -6.3%. Per bedroom, the median rent as of July '25 in Salem, MO is 1-bedrooms: $297, 2-bedrooms: $446, 3-bedrooms: $1,050. The most common rental property sizes in Salem, MO are 2-bedroom and 3-bedroom, accounting for 40.9% and 34.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $446 | $598 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $297 | $297 |
| 2 Bed Rent | $446 | $446 |
| 3 Bed Rent | $1,050 | $1,050 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Salem, MO
As of Oct '25, Realtor.com reports that the median days on market for a home in Salem, MO is 55. This is a increase of 9.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 14.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $220,000 | 26.0% |
Listing Count | 85 | -13.0% |
| Listings as % of Homes | 0.8% | -13.0% |
Days on Market | 55 | 9.0% |
Demographics — Salem, MO
As of the latest ACS Survey released in 2023, Salem, MO has a population of 13,600, which has decreased by -5.1% over the past 5 years. Salem, MO is a moderately popular place for families, as children make up 23.6% of the population. The area has a poorly educated workforce, with 17.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 13,600 | -5.1% |
% Under 18 | 23.6% | 2.6% |
% Seniors | 22.0% | 8.4% |
% WFH | 7.7% | 156.7% |
% w/ College Degree | 17.7% | 22.1% |
As of the latest ACS Survey released in 2023, Salem, MO is a predominantly white area, with 91.6% of the population identifying as white. The white population has shrunk by 3.1% in the last 5 years. The second most common race or ethnicity in Salem, MO is hispanic, making up 2.3% of the population. Foreign-born residents account for 1.8% of the population in Salem, MO, and this percentage has increased by 80.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 91.6% | -3.1% |
% Black | 0.6% | 20.0% |
% Hispanic | 2.3% | 76.9% |
% Asian | 0.9% | 80.0% |
% Foreign Born | 1.8% | 80.0% |
Mortgage and Risk — Salem, MO
According to HUD data as of 2023, there were 132 mortgage originations in Salem, MO, of which 45.0% of loans were conventional mortgages. The average loan-to-value was 83.0%, with 46.0% above 90% LTV (very high). This implies large mortgage risk in Salem, MO. Investor activity is low, as 2.0% of loans were by investors. 19.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 132 |
% Conventional Loans | 45.0% |
% Government Loans | 55.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 19.0% |
Loan Activity
Rentals and Section 8 — Salem, MO
Salem, MO lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 276 |
Total Units Section 8 | 186 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 81.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $343 | $297 | $640 |
| 2 Bedroom | $384 | $446 | $830 |
| 3 Bedroom | $0 | $1,050 | $1,050 |
| 4 Bedroom | N/A | N/A | $1,220 |
Affordability — Salem, MO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $181,000 |
| Median Household Income | $53,400 |