Salem, OR Real Estate

According to census data in the year 2000 there were 53,730 housing units in Salem. This represents a 26.1% growth from 42,601 in 1990.

Of those housing units, 53,721 were located in either urbanized areas or urban clusters, and 9 were located in what is classified as a rural area.

Homeownership rate in Salem is about 57%. Salem's vacancy rate, including seasonal lodging, is about 5.7%. Average household size is 2.52 people.

The majority of houses, apartments or condos in Salem were built after 1973.


Housing Size

Housing Units by Size
Studio Type3%
One Bedroom15.60%
Two Bedrooms32.20%
Three Bedrooms36.80%
Four Bedrooms10.20%
Five Bedrooms or more2.10%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.59
Median year structure was built1973
Median Value of occupied units$131,100
Median Price asked for vacant units$132,100

Rented Homes, Apartments and Condos

Average Household Size2.43
Median year structure was built1974
Median Monthly Rent asked for vacant units$472

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.30%
Second Mortgage11.10%
Home Equity Loan9.10%
Simple Mortgage56.60%
Debt Free22.90%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs21.1%