Salem Homes under $700,000

Welcome to Salem, Oregon – a charming city that beautifully blends rich history with modern living. Nestled in the heart of the Willamette Valley, Salem is the state capital and offers a vibrant community filled with lush parks, bustling farmers' markets, and a thriving arts scene. The city is steeped in history, with attractions like the Oregon State Capitol and the historic Deepwood Museum & Gardens, providing a glimpse into its storied past.

For those seeking a home in this picturesque city, Salem offers an impressive selection of properties under $700,000. Whether you're a first-time buyer, a growing family, or looking to downsize, there’s something for everyone. From charming bungalows nestled in quiet neighborhoods to contemporary townhomes close to the city's amenities, Salem's real estate market is diverse and inviting.

Living in Salem means enjoying a balanced lifestyle. You can take advantage of the stunning outdoor spaces, including the scenic Minto-Brown Island Park and the picturesque Willamette River, perfect for hiking, biking, and picnicking. The city also boasts excellent schools and a strong sense of community, making it an ideal place to raise a family or settle down.

With affordable housing options and a welcoming atmosphere, Salem is not just a place to live; it’s a place to thrive. Explore your dream home today and discover why so many are choosing to call Salem home. Your ideal lifestyle awaits in this enchanting Oregon city!

Newest Salem Homes under $700,000

$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

$554,900

4 Beds ⋅ 3 Baths ⋅ 184688233 MLS

Discover classic 1930s charm just one block from Bush Park in the sought-after Pleasant Home Historic District. This inviting Folk Victorian features a bright, spacious great room with high ceilings and beautifully refinished wood floors. The updated kitchen offers slab countertops, subway tile and stainless appliances. Two main-level bedrooms and a full bath add convenience. Recent improvements include a new roof, insulation, fresh interior/exter paint and more.

728 SE WILBUR ST, Salem

Listing Courtesy of Realty One Group Willamette Valley.

$429,900

4 Beds ⋅ 2 Baths ⋅ 108377359 MLS

Vacant, show anytime! please text LA

8196 65TH AVE, Salem

Listing Courtesy of HomeSmart Realty Group.

$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

$429,900

4 Beds ⋅ 2 Baths ⋅ 846263 MLS

Beautifully Remodeled Country Home with Separate Living Quarters! Welcome Home to this nice & bright, yet super cozy fully remodeled home! It looks, feels and smells - NEW! This home offers modern comfort, cozy country living and incredible flexibility! Fully finished daylight basement offers additional private living space. Peaceful country setting, low property taxes & plenty of room for all your vehicles and toys - makes this property an especially attractive opportunity. Vacant, please show anytime, but text LA with showings as a courtesy

8196 65th Ave Ne, Salem

Listing Courtesy of HOMESMART REALTY GROUP. Direc: 503-990-2782

$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.

$630,000

3 Beds ⋅ 3 Baths ⋅ 846105 MLS

Beautifully maintained and thoughtfully designed, this 2-story West Salem home offers the perfect blend of comfort and functionality. With 2,367 SF, 3 bedrooms, and 2.5 bathrooms, there's room for everyone to spread out and enjoy. The versatile floor plan features a formal dining room, separate living and family rooms, central air, and forced-air heating. Outside, enjoy beautifully landscaped grounds and a covered deck, perfect for relaxing or entertaining year-round.

1340 W Meadows Dr Nw, Salem

Listing Courtesy of KELLER WILLIAMS CAPITAL CITY - DALLAS. CELL: 503-998-3234

$599,000

4 Beds ⋅ 3 Baths ⋅ 846199 MLS

Finally, a home with room for everything you love! Tucked away in a private setting, this one-of-a-kind home offers a flexible floor plan with 4 bedrooms plus an office. The oversized garage and tall, deep tandem RV bay provide incredible space for vehicles, toys, hobbies and extra parking. A picture-perfect front porch welcomes you home, while the private backyard oasis, beautiful gardens and covered patio make year-round indoor-outdoor entertaining effortless.

2280 Gibsonwoods Ct Nw, Salem

Listing Courtesy of HOMESMART REALTY GROUP. Agent: 503-559-6376

$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.

$554,900

4 Beds ⋅ 3 Baths ⋅ 846244 MLS

728 Wilbur St Se, Salem

Listing Courtesy of REALTY ONE GROUP WILLAMETTE VALLEY. Cell: 503-559-8499

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