Salem, IN Real Estate
According to census data in the year 2000 there were 2,684 housing units in Salem.
This represents a 7.5% growth from 2,496 in 1990.
Of those housing units, 2,671 were located in either urbanized areas or urban clusters, and 13 were located in what is classified as a rural area.
Homeownership rate in Salem is about 70.7%.
Salem's vacancy rate, including seasonal lodging, is about 6.1%.
Average household size is 2.23 people.
The majority of houses, apartments or condos in Salem were built after 1961.
|Housing Units by Size|
|Five Bedrooms or more||3.20%|
Owned Homes, Apartments and Condos
|Average Household Size||2.23|
|Median year structure was built||1959|
|Median Value of occupied units||$67,200|
|Median Price asked for vacant units||$71,300|
Rented Homes, Apartments and Condos
|Average Household Size||2.25|
|Median year structure was built||1967|
|Median Monthly Rent asked for vacant units||$313|
Owners Finance Status
|Second Mortgage & Equity Loan||0%|
|Home Equity Loan||3.30%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||15.7%|