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.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.30% |
| One Bedroom | 14.90% |
| Two Bedrooms | 41% |
| Three Bedrooms | 37.50% |
| Four Bedrooms | 4.70% |
| 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
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 3.10% |
| Home Equity Loan | 3.20% |
| Simple Mortgage | 41.80% |
| Debt Free | 52% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.9% |
