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Salem, NY Real Estate


According to census data in the year 2000 there were 414 housing units in Salem. This represents a 4.3% growth from 397 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 414 were located in what is classified as a rural area.

Homeownership rate in Salem is about 77.9%. Salem's vacancy rate, including seasonal lodging, is about 11.4%. Average household size is 2.57 people.

The majority of houses, apartments or condos in Salem were built after 1939.

Statistics

Housing Size

Housing Units by Size
Studio Type1.20%
One Bedroom10.90%
Two Bedrooms26.60%
Three Bedrooms39.40%
Four Bedrooms16.70%
Five Bedrooms or more5.30%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.66
Median year structure was built1939
Median Value of occupied units$71,500
Median Price asked for vacant units$70,000

Rented Homes, Apartments and Condos

Average Household Size2.26
Median year structure was built1939
Median Monthly Rent asked for vacant units$413

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage7.80%
Home Equity Loan11.50%
Simple Mortgage43.80%
Debt Free36.90%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs19.1%