In 1965, Amana, a subsidiary of Raytheon, produced the first popular household microwave oven. The microwave oven
really took off though in the early 70s.
"Tappan Stove company of Mansfield, Ohio bough a license from Raytheon in 1952 and tried to sell a large, 220 volt, wall unit as a home microwave oven in 1955 for even lower price of $1,295 but it was too early and this oven did not sell well. Raytheon bought Amana, manufacturer of household appliances, in 1965 and they made the first popular home model, the countertop “Radarange”, at a price of $495. Litton Industries, developed new configuration of the microwave in the ‘60s. It was short, wide shape that we all know now and it used special magnetron feed which allowed for oven to survive a no-load condition when it had no food to absorb the waves. By the 1970s prices fell rapidly and microwave ovens became common in many households."
As for the earliest (clearly not mass-market) commercially available microwave, this is pretty interesting:
The first commercially available microwave oven was, Raytheon built, "Radarange". It was made in 1947 and was very large. Each made was 1.8 meters tall, had 340 kilograms weight and was sold for $5,000 which is today somewhere around $52,000. It also had power of 3 kilowatts and was cooled with water. One of the first “Radarange” ovens was installed in the galley of the nuclear-powered passenger/cargo ship NS Savannah.
http://www.historyofmicrowave.com/microwave-history/microwave-oven-history/