Salem, WV Real Estate
According to census data in the year 2000 there were 861 housing units in Salem.
This represents a 1.2% growth from 851 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 861 were located in what is classified as a rural area.
Homeownership rate in Salem is about 54.1%.
Salem's vacancy rate, including seasonal lodging, is about 14.2%.
Average household size is 2.21 people.
The majority of houses, apartments or condos in Salem were built after 1945.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.90% |
| One Bedroom | 15.70% |
| Two Bedrooms | 36.50% |
| Three Bedrooms | 32.80% |
| Four Bedrooms | 12.20% |
| Five Bedrooms or more | 2% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.37 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $43,500 |
| Median Price asked for vacant units | $26,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.04 |
| Median year structure was built | 1960 |
| Median Monthly Rent asked for vacant units | $282 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 2% |
| Home Equity Loan | 1.70% |
| Simple Mortgage | 43.80% |
| Debt Free | 52.40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.7% |
