Salem, NJ Real Estate
According to census data in the year 2000 there were 2,867 housing units in Salem.
This represents a 0.9% decline from 2,894 in 1990.
Of those housing units, 2,867 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Salem is about 40.2%.
Salem's vacancy rate, including seasonal lodging, is about 17.6%.
Average household size is 2.43 people.
The majority of houses, apartments or condos in Salem were built after 1947.
|Housing Units by Size|
|Five Bedrooms or more||3%|
Owned Homes, Apartments and Condos
|Average Household Size||2.51|
|Median year structure was built||1939|
|Median Value of occupied units||$74,300|
|Median Price asked for vacant units||$38,800|
Rented Homes, Apartments and Condos
|Average Household Size||2.39|
|Median year structure was built||1955|
|Median Monthly Rent asked for vacant units||$422|
Owners Finance Status
|Second Mortgage & Equity Loan||0%|
|Home Equity Loan||7.80%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||22%|