Housing in Salem, MO
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Zillow — January 2026Zillow Home Value Index
$178,393
Salem vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Salem is highlighted.
Median Home Value
19th%ilemost expensive$97,200show rank
Median Rent
7th%ilemost expensive rent$593show rank
Rent Burden
47th%ilehighest rent burden18.2%show rank
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$97,200
Median Rent
$593
Total Housing Units
2,325
Vacancy Rate
16.7%
Owner Occupied
53.4%
Renter Occupied
46.6%
Median Property Tax
$699
per year
Monthly Cost (w/ Mortgage)
$715
Housing Types
Single Family69.8%
Multi-Family27.8%
Mobile Home2.4%
The median home value in Salem, MO is $97,200. According to Zillow, the home value index for Salem is $178,393. The median rent is $593 per month (Census ACS). About 53.4% of housing units are owner-occupied. The median year homes were built is 1970. There are 2,325 total housing units.