Salem, SD Real Estate
According to census data in the year 2000 there were 641 housing units in Salem.
This represents a 10.3% growth from 581 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 641 were located in what is classified as a rural area.
Homeownership rate in Salem is about 74.9%.
Salem's vacancy rate, including seasonal lodging, is about 8.1%.
Average household size is 2.23 people.
The majority of houses, apartments or condos in Salem were built after 1957.
|Housing Units by Size|
|Five Bedrooms or more||5.60%|
Owned Homes, Apartments and Condos
|Average Household Size||2.49|
|Median year structure was built||1953|
|Median Value of occupied units||$62,300|
|Median Price asked for vacant units||$50,000|
Rented Homes, Apartments and Condos
|Average Household Size||1.46|
|Median year structure was built||1968|
|Median Monthly Rent asked for vacant units||$356|
Owners Finance Status
|Second Mortgage & Equity Loan||0%|
|Home Equity Loan||4.60%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||13.4%|