New Salem, ND Real Estate
According to census data in the year 2000 there were 452 housing units in New Salem.
This represents a 2.3% growth from 442 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 452 were located in what is classified as a rural area.
Homeownership rate in New Salem is about 82.3%.
New Salem's vacancy rate, including seasonal lodging, is about 7.5%.
Average household size is 2.15 people.
The majority of houses, apartments or condos in New Salem were built after 1956.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 10.20% |
| Two Bedrooms | 31.90% |
| Three Bedrooms | 33.20% |
| Four Bedrooms | 21.20% |
| Five Bedrooms or more | 3.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.24 |
| Median year structure was built | 1954 |
| Median Value of occupied units | $49,800 |
| Median Price asked for vacant units | $26,900 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.74 |
| Median year structure was built | 1964 |
| Median Monthly Rent asked for vacant units | $275 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 0% |
| Home Equity Loan | 1.30% |
| Simple Mortgage | 32.40% |
| Debt Free | 66.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.6% |
