Salem, OH Real Estate
According to census data in the year 2000 there were 5,442 housing units in Salem.
This represents a 2.7% growth from 5,298 in 1990.
Of those housing units, 5,442 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Salem is about 65.2%.
Salem's vacancy rate, including seasonal lodging, is about 6.6%.
Average household size is 2.31 people.
The majority of houses, apartments or condos in Salem were built after 1952.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.90% |
| One Bedroom | 14.50% |
| Two Bedrooms | 29.10% |
| Three Bedrooms | 43.40% |
| Four Bedrooms | 10.50% |
| Five Bedrooms or more | 1.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.46 |
| Median year structure was built | 1950 |
| Median Value of occupied units | $77,100 |
| Median Price asked for vacant units | $79,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.04 |
| Median year structure was built | 1957 |
| Median Monthly Rent asked for vacant units | $372 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.40% |
| Second Mortgage | 6.10% |
| Home Equity Loan | 8.10% |
| Simple Mortgage | 44.40% |
| Debt Free | 41% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.5% |
