Salem Homes under $400,000

Welcome to Salem, a charming city steeped in history and brimming with modern amenities! Nestled in the heart of Oregon’s Willamette Valley, Salem is the state capital and offers a delightful mix of vibrant culture, lush landscapes, and a welcoming community. Known for its beautiful parks, historic sites, and a thriving arts scene, Salem is a perfect place for families, professionals, and retirees alike.

One of the most appealing aspects of Salem is the accessibility of homeownership. With a range of homes available under $400,000, this city presents an incredible opportunity for those looking to invest in real estate without breaking the bank. Whether you’re a first-time buyer or seeking to downsize, Salem’s diverse housing market has something for everyone.

You’ll find charming single-family homes, cozy townhouses, and even newer developments that offer modern amenities. Many properties boast spacious yards, perfect for outdoor gatherings or gardening, and are conveniently located near schools, shopping, and recreational facilities. The sense of community in Salem is palpable, with local farmers' markets, seasonal festivals, and an array of dining options that celebrate the region’s rich agricultural heritage.

With its friendly atmosphere, beautiful surroundings, and affordable housing options, Salem is not just a place to live; it's a place to thrive. Explore your possibilities in this enchanting city, and discover why so many are proud to call Salem home!

Newest Salem Homes under $400,000

$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.

$164,900

3 Beds ⋅ 2 Baths ⋅ 26063345 MLS

Welcome to this well-maintained 3-bedroom, 2-bath brick ranch-style home ideally situated in the heart of Salem! Thoughtfully designed with comfortable living in mind, this charming home offers a welcoming floor plan with plenty of room to gather and relax. The large living room flows into the dining area and well-appointed kitchen, featuring an electric cooktop, wall oven, dishwasher, and microwave. A bright and inviting sunroom provides the perfect spot to enjoy your morning coffee, relax with a good book, or take in views of the backyard. The private primary suite is located on one end of the home and offers the added warmth and charm of its own fireplace. Two additional bedrooms and a full guest bathroom are thoughtfully positioned on the opposite side of the home, providing privacy and functionality. Step outside to enjoy the backyard, complete with an established garden area ready for your green thumb. Conveniently located in the heart of Salem, this spacious brick ranch combines classic appeal, a functional layout, and comfortable living in a location close to local amenities. A must-see home—schedule your private tour today!

102 W Center St, Salem

Listing courtesy of EXP Realty, LLC.

$274,900

3 Beds ⋅ 3 Baths ⋅ 26063313 MLS

Call to schedule your private showing today! This is one of the most unique homes that Dent County has to offer! The home was designed by Robert L. Vickery Jr. The design was based off of Frank Lloyd Wright homes. Located on the outside edge of city limits and within 5 minutes of the heart of Salem. This 3 Bedroom 3 bath home with 3042 sq. ft. of living space and 3.87 Acres. Large living room with amazing interior features. Large family room with built in book shelves. Large windows across the front of the house overlooking the scenic view. This home features custom cabinetry and countertops, luxury vinyl plank flooring, beamed ceilings, built in storage, large concrete and rock front porch, large concrete patio, attached garage, detached garage/workshop with storage, RV hookup, roll on roofing and just an all around custom home that you need to see! Multiple types of HVAC including an electric heat pump with propane back up, radiant floor heat, wood insert, mini split and baseboard heat. Instant water heater that is heated with propane. Concrete driveway leading up to the home. RV parking with electric hook up. 28x36 workshop with sliding door and a loft for excess storage. The land features multiple ancient oak, walnut, hickory pine and cedar trees. Trails around the property to enjoy the wonders of nature. Abundant wildlife frequently visit the property. Raised garden bed and separate garden. Outdoor fire pit with custom log benches. Small outdoor shed with partial concrete floor and a chicken coup. No restrictions on the property. Located within 5 minutes of Shawnee Mac Lakes. Within 30 minutes of the Current River, Meramec River, Montauk State Park and Indian Trail Conservation area. This home needs to be on your viewing list. Do not hesitate to give us a call today!!!

800 E 10th St, Salem

Listing courtesy of VIP Properties.

$399,900

4 Beds ⋅ 3 Baths ⋅ 26039843 MLS

1586 Highway 62 East, Salem, Arkansas - An updated 4 bedroom, 3 bathroom home offering 2,436 sq ft on 10.5 +/- acres of usable, well-improved land. The property features horse fencing, a pond, multiple sheds, and a 30 x 60 shop with three bays plus an implement cover on one end - served by its own asphalt driveway, creating a prime setup for a home-based business. Metal roofing on both the house and shop add long-term peace of mind. Located directly on Highway 62, you’re minutes from Salem and Ash Flat while enjoying space, privacy, and versatility. A rare opportunity to own so much potential all in one address.

1586 Highway 62/412 East, Salem

Listing courtesy of King-Rhodes & Associates, Inc..

$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.

$210,000

3 Beds ⋅ 2 Baths ⋅ 26063213 MLS

Escape the hustle and embrace the quiet rhythm of country life at this charming 2+ acre property. Nestled in a private and peaceful setting, this property offers the ideal blend of manageable acreage and park like front yard. The 3 bd 2 ba home has tons of upgrades. New roof, new deck, new appliances, new flooring on upper level, new HVAC, majority of the interior doors replaced, and new access from garage into the home. Comes with an established raised garden, fire pit, Oh and bring your chickens there is a spot for them too.

145 County Road 5170, Salem

Listing courtesy of Johanning Real Estate 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.

$249,900

3 Beds ⋅ 2 Baths ⋅ 26062434 MLS

Welcome to this charming 3-bedroom, 2-bath log-sided home nestled on a beautiful, tree-lined 1.24-acre m/l setting in Salem! The wood exterior and rustic character create a warm, inviting feel from the moment you arrive. Inside, the spacious living room offers a stunning stone fireplace with an electric insert as the focal point, creating the perfect gathering space. Wooden panel doors throughout the home add to its timeless appeal. The kitchen features granite countertops, stainless steel appliances, custom oak cabinetry, a stainless apron front sink, and ample space for everyday living and entertaining. The primary suite includes a private bathroom with a convenient walk-in shower, while two additional bedrooms and a second full bathroom provide plenty of space for family and guests. Step outside to enjoy the screened-in front porch or spacious covered back deck overlooking the peaceful, wooded surroundings—an ideal spot for morning coffee or relaxing evenings. Additional features include a private well, water softener, newer HVAC system installed in 2024, and a new septic system installed approximately 8 months ago. With its beautiful acreage, wooded privacy, and distinctive log-sided charm, this Salem property offers a wonderful opportunity to enjoy peaceful country living with the conveniences of a well-maintained home!

1 Timber Ln, Salem

Listing courtesy of EXP Realty, LLC.

$229,900

3 Beds ⋅ 2 Baths ⋅ 26062034 MLS

Large family home just minutes from town in the Oak Hill R-1 School District! This 4-bedroom, 2-bath home offers 1,768 sq ft of living space and sits on a spacious 1.3-acre level lot with plenty of room for outdoor activities, play, gardening, or future expansion. Inside, you’ll find both a large family room and separate living room, giving everyone room to spread out. The kitchen offers tons of cabinet storage and a brand-new oven, flat-top stove, dishwasher, and refrigerator. Zoned central propane heat and A/C, less than 5 years old, provides comfort with separate units serving the family room and remainder of the home. The roof is less than 3 years old, and a maintained termite bait system helps provide peace of mind. The main bathroom has been completely updated with tiled walls, new vanity and commode, plus a tub/shower combo. Enjoy public water, Intercounty Electric, a 2-car attached garage, and a Morton building with electric for extra storage or hobbies. A great opportunity for a growing family! Schedule a showing today!

174 County Road 5090, Salem

Listing courtesy of United Country Salem Realty.

$169,900

3 Beds ⋅ 2 Baths ⋅ 26062299 MLS

Call us today to schedule your private showing of this completely remodeled home. Located within 5 minutes of Montauk State Park and the Current River. This property offers a 3-bedroom 2 bath sitting on 1.18 acres. New cabinets and butcherblock countertops, flooring, trim, lighting, fixtures, doors, interior and exterior paint. New 10x15 front porch with ramp and 14x15 partially covered back porch. One car detached garage with a bar, pool table, half bath, 100-amp electric service, insulated, lighting and new garage door. The garage addition has a new metal roof and siding and electric. Well and Septic. Underground storm shelter. Large yard with a swing set and plenty of space for a garden. Ancient oak and pine trees scattered throughout the property. Plenty of room for excess parking. This property would make an excellent nightly rental for the location. Plenty of space to accommodate your future guests. This home is still under renovation. More pictures to come.

6958 Hwy 119, Salem

Listing courtesy of VIP Properties.

$299,900

2 Beds ⋅ 2 Baths ⋅ 60334897 MLS

Ultimate Ozarks Retreat: Ranch Cabin on ~40 Wooded Acres Bordering Public LandDiscover your dream lifestyle in Eminence, Missouri, with this charming 2-bedroom, 2-bathroom ranch-style cabin nestled on nearly 40 fully wooded acres. Located just off Highway 19 on a quiet County Road, this property offers privacy, adventure, and unbeatable convenience to the best natural attractions in the Ozarks. Key Property Features Main House: Cozy ranch cabin with a spacious, open-concept layout design. Features a large master bedroom suite complete with its own private ensuite bathroom. Outdoor Living: Enjoy a full-length covered front patio--the ideal spot for sipping morning coffee or hosting weekend BBQs. Bonus Guest Cabin Potential: Includes a newly constructed outer shell for a lofted cabin. With water and electric ready to connect, it's ripe for finishing into a guest house, rental, or hobby shop. Hunter's Paradise: Heavy wildlife sign covers the acreage, and the property directly borders hundreds of acres of State Land, allowing you to step right off your property onto expansive public hunting grounds. Prime Location Highlights Minutes from the Ozark National Scenic Riverways, Current River State Park, and public river access points. Just a short drive down Highway 19 to Echo Bluff State Park. Whether you're looking for an ideal hunting camp, a serene vacation home, or a peaceful homestead surrounded by nature, this Ozark sanctuary delivers it all.

12334 Cr 258 Unit # 258, Salem

Listing courtesy of United Country Real Estate - Ozark Rivers Realty.

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