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 Units by Size|
|Five Bedrooms or more||1.80%|
Owned Homes, Apartments and Condos
|Average Household Size||2.32|
|Median year structure was built||1962|
|Median Value of occupied units||$55,600|
|Median Price asked for vacant units||$68,100|
Rented Homes, Apartments and Condos
|Average Household Size||2.16|
|Median year structure was built||1967|
|Median Monthly Rent asked for vacant units||$268|
Owners Finance Status
|Second Mortgage & Equity Loan||0%|
|Home Equity Loan||3.20%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||15.9%|