Salem, OR Real Estate
According to census data in the year 2000 there were 53,730 housing units in Salem.
This represents a 26.1% growth from 42,601 in 1990.
Of those housing units, 53,721 were located in either urbanized areas or urban clusters, and 9 were located in what is classified as a rural area.
Homeownership rate in Salem is about 57%.
Salem's vacancy rate, including seasonal lodging, is about 5.7%.
Average household size is 2.52 people.
The majority of houses, apartments or condos in Salem were built after 1973.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 3% |
| One Bedroom | 15.60% |
| Two Bedrooms | 32.20% |
| Three Bedrooms | 36.80% |
| Four Bedrooms | 10.20% |
| Five Bedrooms or more | 2.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.59 |
| Median year structure was built | 1973 |
| Median Value of occupied units | $131,100 |
| Median Price asked for vacant units | $132,100 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.43 |
| Median year structure was built | 1974 |
| Median Monthly Rent asked for vacant units | $472 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.30% |
| Second Mortgage | 11.10% |
| Home Equity Loan | 9.10% |
| Simple Mortgage | 56.60% |
| Debt Free | 22.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 21.1% |
