Salem, NY Real Estate
According to census data in the year 2000 there were 414 housing units in Salem.
This represents a 4.3% growth from 397 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 414 were located in what is classified as a rural area.
Homeownership rate in Salem is about 77.9%.
Salem's vacancy rate, including seasonal lodging, is about 11.4%.
Average household size is 2.57 people.
The majority of houses, apartments or condos in Salem were built after 1939.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.20% |
| One Bedroom | 10.90% |
| Two Bedrooms | 26.60% |
| Three Bedrooms | 39.40% |
| Four Bedrooms | 16.70% |
| Five Bedrooms or more | 5.30% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.66 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $71,500 |
| Median Price asked for vacant units | $70,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.26 |
| Median year structure was built | 1939 |
| Median Monthly Rent asked for vacant units | $413 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 7.80% |
| Home Equity Loan | 11.50% |
| Simple Mortgage | 43.80% |
| Debt Free | 36.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.1% |
