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 Units by Size|
|Five Bedrooms or more||2.10%|
Owned Homes, Apartments and Condos
|Average Household Size||2.59|
|Median year structure was built||1973|
|Median Value of occupied units||$131,100|
|Median Price asked for vacant units||$132,100|
Rented Homes, Apartments and Condos
|Average Household Size||2.43|
|Median year structure was built||1974|
|Median Monthly Rent asked for vacant units||$472|
Owners Finance Status
|Second Mortgage & Equity Loan||0.30%|
|Home Equity Loan||9.10%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||21.1%|