Salem Homes under $400,000

Welcome to Salem, Oregon – a charming city that beautifully blends rich history with modern living. As the state capital, Salem boasts a vibrant cultural scene, picturesque parks, and a welcoming community spirit that makes it an ideal place to call home. Nestled in the heart of the Willamette Valley, Salem is surrounded by stunning natural beauty, from lush vineyards to serene rivers, offering residents a plethora of outdoor activities.

One of the most appealing aspects of Salem is its affordability in the housing market. For those seeking homes under $400,000, Salem presents an array of options that cater to various lifestyles and preferences. Whether you're a first-time homebuyer, a growing family, or looking to downsize, you’ll find charming single-family homes, cozy townhouses, and even some delightful fixer-uppers that invite your personal touch.

Living in Salem means enjoying a community rich in amenities. Explore the historic downtown area filled with unique shops, local eateries, and vibrant farmers' markets. Spend weekends strolling through the beautiful gardens at the Oregon State Capitol or take a leisurely walk along the Willamette River. The city also hosts various festivals and events throughout the year, fostering a sense of togetherness among residents.

With its affordable housing options, friendly neighborhoods, and an abundance of recreational opportunities, Salem is more than just a place to live; it's a place to thrive. Discover your dream home in this enchanting city and become part of a community that values both history and progress. Welcome to Salem, where your new chapter awaits!

Newest Salem Homes under $400,000

$399,900

3 Beds ⋅ 2 Baths ⋅ 846269 MLS

NEW carpet, updated SS appliances & FRESH interior paint! Desirable South Salem neighborhood with easy access to I-5, schools, parks, and shopping. Spacious kitchen/dining area w breakfast bar. The light-filled living room offers a cozy brick hearth fireplace & skylight. Primary suite w ensuite bath for added comfort. Fully fenced, spacious backyard for outdoor entertaining. Other updates: vinyl windows and slider, new roof and primary shower (24), new patio (23), & new garage door & skylight (22).

1036 Charlene St S, Salem

Listing Courtesy of HOMESMART REALTY GROUP. Direc: 503-510-6580

$305,000

2 Beds ⋅ 1 Baths ⋅ 846121 MLS

Instant equity opportunity! This charming home on a large lot features a spacious layout, original wood floors, and an enclosed porch with floor to ceiling windows! The roomy kitchen, large laundry/mud room and unique breezeway make for a cozy home like no other. The large backyard is ready to customize for entertaining. Don't miss the detached 768 sq. ft. garage with a 3/4 bathroom. This is a great opportunity to roll up your sleeves and customize this home with your updates and finishes.

4020 Mahrt Ave Se, Salem

Listing Courtesy of EXP REALTY, LLC. cell: 971-312-5904

$345,000

3 Beds ⋅ 1 Baths ⋅ 846256 MLS

Spacious .024 acre fully fenced corner lot. Major upgrades: $50k Solar 2023 paid off at closing. Low prop taxes. Type 2 EV charger. 200 amp panel. Roof 2017. Windows 2019 w/ warranty. Furnace/AC 2019. Exterior paint in 2025. Recent tiled kitchen floors and plumbing and electrical upgrades. Large flat yard includes garden & orchard w/ apple, peach, plum trees. Covered patio. Enclosed carport. Paved parking w/ room for vehicles and RV. Hardwood under carpet. Low cost of living. Set on a spacious 0.24-acre fully fenced corner lot, this home offers an impressive combination of major upgrades, usable outdoor space, and features designed to help keep ownership costs down. Approximately $50,000 in solar panels installed in 2023 are included in the sale and will be paid off at closing, benefiting the next owner. Add comparatively low property taxes, a 20-ft Type 2 EV charger, and an upgraded 200-amp electrical panel, this home offers compelling advantages when it comes to monthly payments as well as lower cost of living on both utility & transportation costs. Many of the big-ticket improvements have already been completed, including a new roof (2017), triple-pane windows with transferable “double lifetime” warranty (2019), new furnace and oversized A/C (2019), electrical and plumbing upgrades, exterior paint (2023), and recently tiled kitchen flooring.Outside, the expansive level yard offers plenty of room to spread out. Cross fencing separates the garden and orchard area with apple, peach, and plum trees and its own entrance. A large covered patio on the opposite side of home provides even more curated spaces to enjoy on this large yard. A huge paved front parking area accommodates multiple vehicles with room for trailers or RV parking.All these major improvements leave an opportunity to focus on your own cosmetic updates inside. Original hardwood floors remain beneath the carpet and offer exciting refinishing potential. The enclosed carport adds flexible bonus space with future conversion possibilities while maintaining vehicle and storage access.Purchased from the original owner in 2017 and thoughtfully improved since, this property brings together space, infrastructure, lower-cost living potential, and room to make it your own. The home was appraised at $365,000 in 2026 without taking into consideration the solar upgrades.

404 36th Ave Ne, Salem

Listing Courtesy of PREMIERE PROPERTY GROUP, LLC - SOUTH SALEM. Cell: 971-388-0339

$49,900

2 Beds ⋅ 2 Baths ⋅ 846251 MLS

Beautiful 2-bedroom, 2-bathroom home offering 1,411 sq. ft. of living space in a 55+ community. The spacious living area features large windows that bring in plenty of natural light, along with a sliding glass door for easy outdoor access. The home also offers a spacious kitchen with ample cabinetry, a brand-new air conditioning system, and a beautifully landscaped outdoor space. Park rent is $1,265/month. Conveniently located near shopping, dining, and other amenities. Come take a look!

2410 Lancaster Dr Sw Unit 354, Salem

Listing Courtesy of REALTY OF AMERICA, LLC. CELL: 971-237-3605

$49,900

2 Beds ⋅ 2 Baths ⋅ 566329189 MLS

Beautiful 2-bedroom, 2-bathroom home offering 1,411 sq. ft. of living space in a 55+ community. The spacious living area features large windows that bring in plenty of natural light, along with a sliding glass door for easy outdoor access. The home also offers a spacious kitchen with ample cabinetry, a brand-new air conditioning system, and a beautifully landscaped outdoor space. Conveniently located near shopping, dining, and other amenities. Come take a look!

2410 LANCASTER DR Unit #354, Salem

Listing Courtesy of Realty of America, LLC.

$360,000

3 Beds ⋅ 2 Baths ⋅ 584906336 MLS

Must see home! Granite slab counters, tons of storage, laundry room, over sized 2 car garage with work bench, covered patio, delicious fig tree in back, RV parking, gas furnace with Central air conditioning, and SOLAR PANELS! So much to offer!

548 CITATION DR, Salem

Listing Courtesy of MORE Realty.

$380,000

3 Beds ⋅ 1 Baths ⋅ 136683653 MLS

Charming 3-bd PLUS OFFICE with wood floors and 2 car garage. Dual fireplace in the living and dining room. Single level floor plan. ** Newer Roof ** RV Pad ** and spacious yard with room to garden, entertain or relax. Conveniently located near Morningside Elementary, parks, shopping, dining, and major routes. A great opportunity in a well established South Salem neighborhood.

3603 PIONEER SE DR, Salem

Listing Courtesy of eXp Realty, LLC.

$355,000

2 Beds ⋅ 1 Baths ⋅ 662167734 MLS

767 S BROWNING AVE, Salem

Listing Courtesy of eXp Realty, LLC.

$380,000

3 Beds ⋅ 2 Baths ⋅ 845661 MLS

3603 Pioneer Dr Se, Salem

Listing Courtesy of EXP REALTY, LLC. Cell: 503-510-8485

$335,000

2 Beds ⋅ 1 Baths ⋅ 845954 MLS

Charming 1930s bungalow in the heart of Salem, filled with character and thoughtfully maintained over the years! This inviting home offers a comfortable floor plan with the warmth and personality you expect from a classic bungalow, with two bedrooms, a bathroom, dining room, kitchen and mudroom on the main floor. Beautiful hardwood floors in the living room and dining area. Many recent updates including newer appliances, gas water heater and sewer line (2019). Step outside to a huge backyard with room to garden, play and entertain. The covered patio creates a great spot for outdoor dining and relaxing year-round, while the detached single-car garage and long driveway provides additional parking and storage.Downstairs, a full basement (not included in the square footage) adds even more usable space and flexibility. Whether you need an area for storage, a home office, hobby space, den, or workout area, there’s plenty of room to spread out. Conveniently located just minutes from downtown Salem with easy access to I-5, this beautiful bungalow is ready for it's new owners!

565 25th St Se, Salem

Listing Courtesy of WINDERMERE HERITAGE. Cell: 503-689-3652

$355,000

2 Beds ⋅ 1 Baths ⋅ 846236 MLS

This quaint property sits on a spacious lot that offers potential for gardening, yard picnics or dinner parties. This home is a blank canvas. Ready for some light elbow grease and imagination, this home is ready for some upgrading! This quaint property sits on a spacious lot that offers potential for gardening, yard picnics or dinner parties. This home is a blank canvas. Ready for some light elbow grease and imagination, this home is ready for some upgrading!

767 Browning Ave S, Salem

Listing Courtesy of EXP REALTY, LLC. Cell: 971-217-1842

$239,900

2 Beds ⋅ 1 Baths ⋅ 723413673 MLS

Diamond in the rough. Wood floors, formal dining, cozy fireplace with insert in the living room. Hard Money, Cash, or Rehab only. Garage conversion is not permitted. City states it has to be removed. Laundry area in garage.

850 PIEDMONT AVE, Salem

Listing Courtesy of DAT Real Estate Solutions, PC.

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