Salem, MO Real Estate

According to census data in the year 2000 there were 2,383 housing units in Salem. This represents a 12.1% growth from 2,125 in 1990.

Of those housing units, 2,314 were located in either urbanized areas or urban clusters, and 69 were located in what is classified as a rural area.

Homeownership rate in Salem is about 56.7%. Salem's vacancy rate, including seasonal lodging, is about 10.4%. Average household size is 2.25 people.

The majority of houses, apartments or condos in Salem were built after 1964.


Housing Size

Housing Units by Size
Studio Type0.30%
One Bedroom14.90%
Two Bedrooms41%
Three Bedrooms37.50%
Four Bedrooms4.70%
Five Bedrooms or more1.80%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.32
Median year structure was built1962
Median Value of occupied units$55,600
Median Price asked for vacant units$68,100

Rented Homes, Apartments and Condos

Average Household Size2.16
Median year structure was built1967
Median Monthly Rent asked for vacant units$268

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage3.10%
Home Equity Loan3.20%
Simple Mortgage41.80%
Debt Free52%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs15.9%