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Salem R-80

Learn about the people, housing, costs and businesses in Salem R-80, Missouri

Median Home$129,986
Median Rent$691/month
Population7,802
Leading IndustriesTransportation · Public Administration · Construction4% transportation
Home Value Growth⬆⬆+15.7% over 2 years
Family-Friendly23% of residentsnear the national average
Homeowners64% of occupied units
NotableVeteran Community10% of residents · top 9% nationally
NotableAffordable Market$130k median home · lower cost than 90% of the country
Salem R-80
MO

Frequently Asked Questions

What are today's mortgage rates in Salem R-80?

As of today, the 30-year fixed mortgage rate for Salem R-80 is approximately 7.004% (7.044% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Salem R-80
What is the median home price in Salem R-80?

The median home value in Salem R-80 is $130k. The median monthly rent is $691. Annual property taxes average $811. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Salem R-80?

Home values in Salem R-80 have increased 15.7% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Salem R-80?

Based on a typical all-in ownership cost of $656/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $28k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Salem R-80 is $51k/year.

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What industries drive the economy in Salem R-80?

The largest employment sectors in Salem R-80 are public administration (29%) and retail (8%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.