Salem, SD Real Estate
According to census data in the year 2000 there were 641 housing units in Salem.
This represents a 10.3% growth from 581 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 641 were located in what is classified as a rural area.
Homeownership rate in Salem is about 74.9%.
Salem's vacancy rate, including seasonal lodging, is about 8.1%.
Average household size is 2.23 people.
The majority of houses, apartments or condos in Salem were built after 1957.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 4.70% |
| One Bedroom | 9% |
| Two Bedrooms | 29.80% |
| Three Bedrooms | 36.80% |
| Four Bedrooms | 14% |
| Five Bedrooms or more | 5.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.49 |
| Median year structure was built | 1953 |
| Median Value of occupied units | $62,300 |
| Median Price asked for vacant units | $50,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.46 |
| Median year structure was built | 1968 |
| Median Monthly Rent asked for vacant units | $356 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 4.30% |
| Home Equity Loan | 4.60% |
| Simple Mortgage | 41.10% |
| Debt Free | 50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 13.4% |
