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New Salem, ND Real Estate


According to census data in the year 2000 there were 452 housing units in New Salem. This represents a 2.3% growth from 442 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 452 were located in what is classified as a rural area.

Homeownership rate in New Salem is about 82.3%. New Salem's vacancy rate, including seasonal lodging, is about 7.5%. Average household size is 2.15 people.

The majority of houses, apartments or condos in New Salem were built after 1956.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom10.20%
Two Bedrooms31.90%
Three Bedrooms33.20%
Four Bedrooms21.20%
Five Bedrooms or more3.50%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size2.24
Median year structure was built1954
Median Value of occupied units$49,800
Median Price asked for vacant units$26,900

Rented Homes, Apartments and Condos

Average Household Size1.74
Median year structure was built1964
Median Monthly Rent asked for vacant units$275

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage0%
Home Equity Loan1.30%
Simple Mortgage32.40%
Debt Free66.30%
As % of Housing Units
     
Median part of Monthly Household Income dedicated to covering home ownership costs15.6%