Salem, KY Real Estate
According to census data in the year 2000 there were 364 housing units in Salem.
This represents a 2.5% growth from 355 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 364 were located in what is classified as a rural area.
Homeownership rate in Salem is about 86%.
Salem's vacancy rate, including seasonal lodging, is about 11.5%.
Average household size is 2.13 people.
The majority of houses, apartments or condos in Salem were built after 1972.
|Housing Units by Size|
|Five Bedrooms or more||2.20%|
Owned Homes, Apartments and Condos
|Average Household Size||2.1|
|Median year structure was built||1972|
|Median Value of occupied units||$53,700|
|Median Price asked for vacant units||$24,000|
Rented Homes, Apartments and Condos
|Average Household Size||2.29|
|Median year structure was built||1960|
|Median Monthly Rent asked for vacant units||$186|
Owners Finance Status
|Second Mortgage & Equity Loan||0%|
|Home Equity Loan||4.80%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||12.6%|