Salem, UT Real Estate
According to census data in the year 2000 there were 1,166 housing units in Salem.
This represents a 98% growth from 589 in 1990.
Of those housing units, 1,085 were located in either urbanized areas or urban clusters, and 81 were located in what is classified as a rural area.
Homeownership rate in Salem is about 88.2%.
Salem's vacancy rate, including seasonal lodging, is about 3.3%.
Average household size is 3.88 people.
The majority of houses, apartments or condos in Salem were built after 1979.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.30% |
| One Bedroom | 2.10% |
| Two Bedrooms | 16% |
| Three Bedrooms | 28.30% |
| Four Bedrooms | 26.80% |
| Five Bedrooms or more | 26.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.9 |
| Median year structure was built | 1980 |
| Median Value of occupied units | $158,600 |
| Median Price asked for vacant units | $212,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 3.73 |
| Median year structure was built | 1972 |
| Median Monthly Rent asked for vacant units | $638 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.50% |
| Second Mortgage | 8.40% |
| Home Equity Loan | 14.80% |
| Simple Mortgage | 51.60% |
| Debt Free | 24.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20.4% |
