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 Size

Housing Units by Size
Studio Type4.70%
One Bedroom9%
Two Bedrooms29.80%
Three Bedrooms36.80%
Four Bedrooms14%
Five Bedrooms or more5.60%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.49
Median year structure was built1953
Median Value of occupied units$62,300
Median Price asked for vacant units$50,000

Rented Homes, Apartments and Condos

Average Household Size1.46
Median year structure was built1968
Median Monthly Rent asked for vacant units$356

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage4.30%
Home Equity Loan4.60%
Simple Mortgage41.10%
Debt Free50%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs13.4%