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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 Type0%
One Bedroom16.90%
Two Bedrooms42.30%
Three Bedrooms35.20%
Four Bedrooms3.80%
Five Bedrooms or more1.90%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size2.51
Median year structure was built1939
Median Value of occupied units$38,400
Median Price asked for vacant units$15,000

Rented Homes, Apartments and Condos

Average Household Size1.49
Median year structure was built1972
Median Monthly Rent asked for vacant units$275

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage0%
Home Equity Loan3.50%
Simple Mortgage52.60%
Debt Free43.90%
As % of Housing Units
     
Median part of Monthly Household Income dedicated to covering home ownership costs16%