Salem, KY Real Estate
According to census data in the year 2000 there were 364 housing units in Salem.
This represents a 2.5% growth from 355 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 364 were located in what is classified as a rural area.
Homeownership rate in Salem is about 86%.
Salem's vacancy rate, including seasonal lodging, is about 11.5%.
Average household size is 2.13 people.
The majority of houses, apartments or condos in Salem were built after 1972.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 3.30% |
| Two Bedrooms | 39% |
| Three Bedrooms | 47.50% |
| Four Bedrooms | 8% |
| Five Bedrooms or more | 2.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.1 |
| Median year structure was built | 1972 |
| Median Value of occupied units | $53,700 |
| Median Price asked for vacant units | $24,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.29 |
| Median year structure was built | 1960 |
| Median Monthly Rent asked for vacant units | $186 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 4.30% |
| Home Equity Loan | 4.80% |
| Simple Mortgage | 40.20% |
| Debt Free | 50.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 12.6% |
