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Homes Under $300,000 in Salem, Utah
Salem sits at the southern end of Utah County, about 15 minutes from Payson and roughly 20 minutes from Spanish Fork, with Utah Lake to the north and the Wasatch foothills to the east. Homes under $300K here are a tight slice of the market. Most single-family houses in Salem now sell well above that figure, so this price range usually means older rambler-style homes, smaller townhomes, condos, manufactured homes on owned lots, or properties that need updating. Inventory moves quickly when a clean, well-priced listing appears.
The appeal is practical. Salem sits in Nebo School District, with Salem Hills High School nearby, and it has Salem Pond, local parks, and a small-town feel without a long drive to work. Commuters reach Provo and Orem employers via Highway 6 and I-15 in about 25 to 35 minutes, and Lehi's tech corridor is roughly 40 minutes without heavy traffic. Winters bring real snow, and summers run hot and dry. Buyers in this range should look closely at roof age, HVAC, irrigation water shares, and HOA fees on townhomes and condos. Browse the active listings below to see what's currently on the market under $300K in Salem.
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Utah MLS data · updated Nov 4, 2026
Salem homes under $300K by the numbers
Today's listings plus closed sales recorded in the MLS, each home counted once. Medians, not averages, so one outlier can't skew them.
- For sale now
- 1
- listed at $299,000
- Asking-price range
- $299,000
- too few recent sales to report a median
- Price per sq ft
- $225
- median of active listings · typical 1,326 sq ft
- HOA dues
- $259/mo
- median · 100% of listings have dues
Homes under $300K by neighborhood
Closed sales over the last 24 months, plus what's listed today. Click a name for that neighborhood's page.
-
- Sold (24 mo)
- 2
- Median sale
- —
- Typical size
- 1,073 sq ft
- Built
- 2017
- HOA / mo
- $259
- For sale now
- 1 · $299,000
Median sale is shown only where at least 5 homes sold. HOA dues are the median monthly fee (yearly dues divided by 12) and can change, so confirm the amount and what it covers with the association. "Built" is the median year built.
Homes Under $300K nearby
Common questions
About homes under $300k in Salem.
What kind of home can I actually get in Salem under $300K? ▾
At this price point in Salem, expect older manufactured homes on owned or leased land, small townhomes or condos in nearby communities, or the occasional fixer single-family on a smaller lot. Detached single-family homes in good condition under $300K are rare here — Salem's median sits well above that mark. Most buyers in this range end up considering manufactured housing or expanding their search into Spanish Fork or Payson.
Are there many active listings under $300K in Salem right now? ▾
Inventory at this price is thin and moves quickly. Salem is a small city of roughly 9,000 residents, and on any given week you may see only a handful of qualifying listings — sometimes none. Setting up an MLS alert is the practical way to catch new ones the day they hit.
Should I look at neighboring cities for more options under $300K? ▾
Yes. Payson, Santaquin, Spanish Fork, and Goshen all have more sub-$300K inventory than Salem itself, and they share the same south Utah County feel and Nebo School District boundaries. Commute times to Provo or Lehi from these towns run 15-30 minutes depending on traffic on I-15.
Do manufactured homes in Salem qualify for standard financing? ▾
It depends on the home and the land. Manufactured homes built after June 1976, permanently affixed to a foundation on owned land, generally qualify for conventional, FHA, or VA loans. Homes in a leased-lot park typically require chattel financing, which carries higher rates and shorter terms — worth pricing out before you tour.
What are property taxes like in Salem? ▾
Salem falls in Utah County with a combined rate that usually lands around 0.55-0.65% of assessed value for a primary residence (the 45% residential exemption helps). On a $290,000 home, that works out to roughly $1,600-$1,900 a year. Confirm the exact rate with the county treasurer before closing.
Is Salem a good fit for first-time buyers? ▾
It can be, if you find the right property. Salem offers a quieter, more rural feel than Spanish Fork or Provo, with Salem Pond, good Nebo District schools, and quick access to I-15. The challenge is simply finding inventory in this price band — patience and a saved search matter more than negotiating tactics here.