Salem Homes under $150,000

Welcome to Salem, a charming city steeped in history and vibrant community spirit, nestled in the heart of Oregon. Known for its picturesque landscapes and rich cultural heritage, Salem is the perfect blend of urban convenience and natural beauty. With its stunning parks, local wineries, and a thriving arts scene, this city offers a unique lifestyle that attracts families, young professionals, and retirees alike.

One of the most enticing aspects of Salem is its affordability in the housing market. If you're seeking homes under $150,000, you'll find a variety of options that cater to diverse tastes and needs. Whether you're a first-time homebuyer or looking for an investment property, Salem has you covered. From cozy bungalows to charming townhouses, the market is ripe with opportunities that won’t break the bank.

Living in Salem means enjoying a relaxed pace of life while still having access to modern amenities. The city boasts excellent schools, a bustling downtown area filled with local shops and restaurants, and easy access to outdoor activities, such as hiking and biking along the Willamette River. Plus, with a strong sense of community and numerous events throughout the year, you'll quickly feel at home in this welcoming environment.

Discover your dream home in Salem today! With properties under $150,000, you can invest in a future filled with possibilities while enjoying all the beauty and charm this city has to offer. Let us help you find the perfect place to call home in Salem!

Newest Salem Homes under $150,000

$90,000

1 Beds ⋅ 1 Baths ⋅ 26063573 MLS

Adorable 1-bedroom, 1-bath home featuring an additional room that could potentially be used as a non-conforming bedroom, office, or flex space. The home has recently received several updates, including a kitchen with butcher-block countertops, stainless-steel appliances, and oak cabinetry. A whole-home water filtration system is also included. Enjoy relaxing evenings on the screened-in front porch. Located behind the home is a 228-square-foot additional building offering versatile space. One portion is currently used for storage, while the other is set up as a 1-bedroom, 1-bath apartment. This space could also be utilized as an office, guest area, hobby space, workshop, or additional storage. The property also features several raised garden beds and a partially fenced yard, providing plenty of opportunities for outdoor enjoyment and gardening.

1003 W Ellis St, Salem

Listing courtesy of Century 21 South Central Realty.

$136,500

4 Beds ⋅ 2 Baths ⋅ 60335258 MLS

Step into the character and timeless appeal of this charming 1900 two-story home, offering 4 bedrooms, 2 baths, and approximately 1,651 square feet of living space. Brimming with historic charm and possibilities, this property is perfectly suited for a variety of lifestyles and investment opportunities. Imagine owning your own bed and breakfast with a welcoming historic atmosphere and a convenient downtown location, or make it your home for a growing family with room to live, work, and entertain. For investors, the property also offers exciting potential as a monthly or nightly rental, subject to applicable local regulations. Located within walking distance of Salem's antique shops, coffee shops, restaurants, and downtown attractions, you'll enjoy the convenience and character of being close to it all. Whether you're looking for a distinctive home, a charming hospitality opportunity, or an income-producing property, this historic gem offers charm for days and possibilities for years to come!

600 W 4th Street, Salem

Listing courtesy of Red Cedar Land Company LLC.

$28,500

1 Beds ⋅ 1 Baths ⋅ 26063174 MLS

Call today to schedule your private showing. This property comes with a 728 sq ft home and an additional 50x100 lot. The home is currently a 2 bedroom 1 bath home with 2nd bedroom being non conforming. The home has original hardwood flooring. Shingle roof and vinyl siding. Concrete driveway entrance and a sidewalk leading to the front door. Ancient Walnut trees around the yard. Wet weather creek located behind the home. This home is a fixer upper and needs some TLC. This property is being sold in AS-IS condition.

603 S Elmer St, Salem

Listing courtesy of VIP Properties.

$125,000

1 Beds ⋅ 1 Baths ⋅ 26060471 MLS

Escape to your own private retreat with this charming 1-bedroom, 1-bath rustic cabin tucked away on 5 wooded acres. Whether you're searching for a peaceful weekend getaway, hunting cabin, or potential Airbnb investment, this unique property offers plenty of possibilities surrounded by nature. Inside, the cozy cabin provides comfortable, low-maintenance living with a mini-split system for both heating and air conditioning. The cabin is installed on concrete runners and secured with tie-down straps for additional storm security, making it a practical option for recreational or year-round use. Outdoor enthusiasts will appreciate the wooded setting and two deer stands already installed on the property, both of which convey with the sale. After a day outdoors, gather around the firepit and enjoy quiet evenings beneath the stars. A storage shed adds even more versatility and has been converted so it can also function as a chicken coop, complete with an attached chicken run. The property also features a lagoon system. The cabin does not have a well. Instead, the home is serviced by a pumped water-storage system consisting of one 1,000-gallon tank and two 250-gallon tanks, providing 1,500 gallons of total storage capacity. With 5 wooded acres, existing hunting amenities, flexible outbuildings, and plenty of rustic charm, this property is ready for your next adventure. Schedule your private showing today and discover the possibilities this secluded cabin retreat has to offer!

3136 County Road 5170, Salem

Listing courtesy of EXP Realty LLC.

$74,900

1 Beds ⋅ 1 Baths ⋅ 26059191 MLS

5.4 acre m/l in Indian Trails Subdivision with off the grid single wide mobile home. Home is turn-key offering a propane stove, refrigerator, pantry and hot water heater. Bedroom furniture of bed and dresser. Kitchen table and chairs. Two recliners. A 1500 gallon water tank and sewage lagoon on site for kitchen and bathroom use. Heated with free standing wood stove and cooled with window unit. Includes generator for power. Just down the road from the Short Bend Access on the Meremac River, connected to 1000's of acres of Indian Trails Conservation area. Come for the weekend, hunting season or live year round off the grid. Being sold As Is.

3038 County Road 4050, Salem

Listing courtesy of VIP Properties.

$119,900

2 Beds ⋅ 1 Baths ⋅ 26059304 MLS

Welcome home to this beautifully updated 2-bedroom, 1-bathroom home in the heart of Salem! Thoughtfully updated and move-in ready, this charming property combines modern style with comfortable living. Luxury vinyl plank flooring flows throughout the home, while the living room features a beautiful wood accent wall that adds warmth and character. The updated kitchen is sure to impress with custom white cabinetry, a center island with seating, and a large pantry/utility closet providing excellent storage. Conveniently located just off the kitchen, the dedicated laundry room adds to the functionality of the home. Both bedrooms offer generous space, providing room to relax and unwind. Outside, enjoy the covered front porch, detached one-car garage, and the durability of a metal roof. Ideally located in the heart of Salem, this beautifully updated home offers comfort, style, and convenience—don't miss the opportunity to make it yours!

100 N Pershing Ave, Salem

Listing courtesy of EXP Realty, LLC.

$149,900

3 Beds ⋅ 1 Baths ⋅ 26058758 MLS

Welcome home to this clean, well-maintained 3-bedroom, 1-bath property located in the heart of Salem. Whether you're a first-time homebuyer, looking to downsize, or searching for an affordable move-in-ready home, this charming property offers comfort, functionality, and plenty of potential. The spacious living area creates a welcoming gathering place for family and friends. The kitchen is designed with everyday living in mind, offering an abundance of countertop space for meal preparation, baking, and entertaining. Whether you're hosting holiday dinners or enjoying a quiet evening at home, you'll appreciate the functionality this space provides. Need even more room? A full unfinished basement adds valuable square footage and plenty of possibilities. Use it for storage, a workshop, hobby space, home gym, or explore the potential to finish it in the future to fit your needs. Outside, the flat backyard offers plenty of space for gardening, pets, play, or simply relaxing outdoors. The deck is a great spot for grilling, gathering with friends, or enjoying your morning coffee, while the storage shed provides additional room for lawn equipment, tools, and seasonal items. With its well-cared-for condition, practical layout, full basement, and inviting outdoor space, this Salem home is ready for its next chapter. Schedule your private showing today and discover everything this charming property has to offer!

803 S Oak St, Salem

Listing courtesy of EXP Realty LLC.

$144,000

2 Beds ⋅ 1 Baths ⋅ 26057982 MLS

$5000.00 BUYER INCENTIVE. LET US HELP YOU GET INTO YOUR NEW HOME. SELLER WILL CONTRIBUTE $5000.00 TOWARDS BUYERS CLOSING COSTS WITH ACCEPTABLE OFFER. DON'T LET CLOSING COST STAND BETWEEN YOU AND THE HOUSE YOU'VE BEEN LOOKING FOR. EASY TO BUY. Affordable New Construction sparkles with convenience. 2 BR 1BA efficient all electric home with spacious design for you. Impressive new appliances in the handy beautiful kitchen with abundant cabinetry. Attractive covered front porch and 2 concrete patios offer access to a generous sized lot shaded with beautiful walnut trees creating your private outdoor sanctuary. Concrete drive provides off street parking. CHECK THIS OUT!

604 E Third, Salem

Listing courtesy of Williams Real Property, LLC.

$85,000

2 Beds ⋅ 1 Baths ⋅ 26049598 MLS

Affordable 2-Bedroom Home with Investment Potential in Salem, MO! Don't miss this affordable opportunity to own a 744 sq. ft., 2-bedroom, 1-bath home in Salem, Missouri! Whether you're a first-time homebuyer, looking to downsize, or searching for your next investment property, this home offers plenty of potential. With a little TLC and your personal touch, it could become a cozy place to call home or a great addition to your rental portfolio. Step inside to a bright and inviting living room that flows into the eat-in kitchen, offering ample cabinet and counter space for meal preparation and everyday living. The primary bedroom measures approximately 11' x 10', while the second bedroom is 9' x 9', making it ideal for a guest room, child's bedroom, or home office. Vinyl flooring runs throughout much of the home, and the full bathroom is conveniently located near both bedrooms. Outside, you'll appreciate the attached one-car carport, providing covered parking and easy access to the home. Just beyond the carport is a separate laundry room with additional storage space, keeping the laundry area tucked away while adding extra functionality. The smaller front and backyard are perfect for anyone looking for a low-maintenance property with minimal landscaping to maintain. Conveniently located in Salem, you'll be just minutes from shopping, schools, restaurants, parks, and other everyday amenities. Whether you're looking for an affordable starter home, a low-maintenance residence, or an investment property with great potential, this home is worth a look. Schedule your private showing today and see the possibilities for yourself!

406 E Roosevelt St, Salem

Listing courtesy of Elwood Real Estate LLC.

$132,000

2 Beds ⋅ 1 Baths ⋅ 26049594 MLS

Charming Updated Bungalow Just Minutes from Downtown Salem! Welcome home to this beautifully updated 2-bedroom, 1-bath bungalow offering the perfect blend of timeless character and modern updates. Conveniently located just minutes from downtown Salem, Missouri, you'll enjoy easy access to shopping, restaurants, schools, parks, and everyday conveniences. Step onto the inviting covered front porch, the perfect place to enjoy your morning coffee or unwind after a long day. Inside, you'll be welcomed by a bright, inviting interior filled with classic architectural details. The spacious living room showcases a stunning coffered ceiling, beautiful dark wood trim, elegant stained glass accent windows, and timeless French doors that open into a second living area or formal dining room, creating an ideal space for entertaining or relaxing. The updated kitchen offers abundant cabinet and countertop space, while the renovated bathroom features stylish finishes and modern fixtures. 2 bedrooms with carpet, closet space, and plenty of natural light. Additional features include a walkout partial unfinished basement, providing excellent storage space. The home is equipped with natural gas heat, central air conditioning, and a furnace that's just over a year old, offering added efficiency and peace of mind. Outside, you'll appreciate the fenced backyard, perfect for pets, children, gardening, or outdoor gatherings. A spacious front yard, mature shade trees, a detached one-car garage, and the welcoming covered front porch complete this charming property. If you're looking for a move-in-ready home that combines modern updates with historic character in a convenient in-town location, this one is a must-see!

703 N Pershing Ave, Salem

Listing courtesy of Elwood Real Estate LLC.

$145,500

3 Beds ⋅ 1 Baths ⋅ 26044463 MLS

CHARM, CHARACTER & A PARK-LIKE BACKYARD! This adorable 3-bedroom, 1-bath home offers 1,176 sq. ft. of cozy living space tucked away in a quiet neighborhood. Tastefully decorated to highlight its original character, the home features beautiful hardwood floors, arched doorways, and built-in drawers. The spacious primary bedroom offers convenient backyard access. Updates include a new roof in 2025, a bathroom completely gutted and rebuilt approximately 10 years ago, central A/C, and an updated furnace within the last 5 years. An attached garage provides covered parking. Outside, enjoy a spacious backyard with a patio and peaceful, park-like setting, plus a storage shed for lawn mowers and outdoor equipment. The patio furniture can convey with an acceptable offer, making it even easier to enjoy your outdoor oasis from day one! This charming home is ready to welcome its next owner!

1003 E 1st St, Salem

Listing courtesy of United Country Salem Realty.

$129,900

2 Beds ⋅ 1 Baths ⋅ 26043883 MLS

Move right into this beautifully updated 2-bedroom, 1-bathroom home nestled in the heart of Salem! Featuring luxury vinyl plank flooring throughout, this charming home offers a warm and inviting living room that flows seamlessly into the cozy eat-in kitchen, complete with a spacious walk-in pantry for added storage. The primary bedroom boasts a generous walk-in closet conveniently tucked behind a sliding door, providing both style and functionality. Step outside to enjoy the private patio—perfect for relaxing or entertaining—overlooking the level yard. Whether you're a first-time homebuyer, looking to downsize, or searching for a low-maintenance home, this one checks all the boxes. Don't miss your opportunity to make this move-in ready gem your own—schedule your private showing today!

804 E Hunt St, Salem

Listing courtesy of EXP Realty, LLC.

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