Salem, MO
- Overview
- Performance
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Key Performance Metrics
Market snapshotPerformance indicators for the Salem short-term rental market based on reliable data.
Listings
56 / 94
Reliable / Active
Cap Rate
10%
Middle-Earners Gross Yield
Revenue
$17,152
Middle-Earners Revenue
Occupancy
44%
Middle-Earners Occupancy
Home Value
$180,732
Median Home Sale Price
Top Earners
$28,226
Top-Earners Revenue
Salem
Market Revenue Seasonality
Top Listings
Highest revenueThe highest-performing listings in Salem.
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Generally Investor friendly
Salem Regulations
Salem explicitly allows STRs and keeps the license cost low ($25) with straightforward permitting, but a Conditional Use Permit is required for residential zones and a mandatory annual inspection adds steps. The biggest added burden is the 2% Dent County tourism tax which must be collected and remitted monthly to the county, increasing ongoing compliance. Overall the framework is manageable for investors.
Local STR Agent
STR specialist · Salem, MO
About Salem
Salem is the county seat of Dent County, Missouri, United States. The population was 4,608 at the 2020 census, which allows Salem to become a Class 3 city in Missouri; however, the city has chosen to remain a Class 4 city under Missouri Revised Statutes. Salem is located a few miles north of the Ozark Scenic Riverways and close to Montauk State Park, which contains the headwaters of the Current River. The name Salem is derived from the Hebrew word Shalom, meaning "peace".