Salem, IA Real Estate
According to census data in the year 2000 there were 213 housing units in Salem.
This represents a 11.5% growth from 191 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 213 were located in what is classified as a rural area.
Homeownership rate in Salem is about 71.5%.
Salem's vacancy rate, including seasonal lodging, is about 6.1%.
Average household size is 2.22 people.
The majority of houses, apartments or condos in Salem were built after 1948.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 16.90% |
| Two Bedrooms | 42.30% |
| Three Bedrooms | 35.20% |
| Four Bedrooms | 3.80% |
| Five Bedrooms or more | 1.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.51 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $38,400 |
| Median Price asked for vacant units | $15,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.49 |
| Median year structure was built | 1972 |
| Median Monthly Rent asked for vacant units | $275 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 0% |
| Home Equity Loan | 3.50% |
| Simple Mortgage | 52.60% |
| Debt Free | 43.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16% |
