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 Size

Housing Units by Size
Studio Type0.70%
One Bedroom9.90%
Two Bedrooms37.40%
Three Bedrooms40.60%
Four Bedrooms8.20%
Five Bedrooms or more3.20%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.23
Median year structure was built1959
Median Value of occupied units$67,200
Median Price asked for vacant units$71,300

Rented Homes, Apartments and Condos

Average Household Size2.25
Median year structure was built1967
Median Monthly Rent asked for vacant units$313

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage7.30%
Home Equity Loan3.30%
Simple Mortgage45.10%
Debt Free44.20%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs15.7%