North Salem, IN Real Estate
According to census data in the year 2000 there were 234 housing units in North Salem.
This represents a 9.3% growth from 214 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 234 were located in what is classified as a rural area.
Homeownership rate in North Salem is about 79.5%.
North Salem's vacancy rate, including seasonal lodging, is about 4.3%.
Average household size is 2.6 people.
The majority of houses, apartments or condos in North Salem were built after 1939.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 9.80% |
| Two Bedrooms | 38.90% |
| Three Bedrooms | 45.70% |
| Four Bedrooms | 4.70% |
| Five Bedrooms or more | 0.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.54 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $77,400 |
| Median Price asked for vacant units | $75,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.83 |
| Median year structure was built | 1943 |
| Median Monthly Rent asked for vacant units | $225 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 4.10% |
| Home Equity Loan | 4.70% |
| Simple Mortgage | 61.20% |
| Debt Free | 30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.9% |
