Salem, VA Real Estate
According to census data in the year 2000 there were 10,403 housing units in Salem.
This represents a 8.3% growth from 9,609 in 1990.
Of those housing units, 10,403 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Salem is about 67.6%.
Salem's vacancy rate, including seasonal lodging, is about 4.3%.
Average household size is 2.32 people.
The majority of houses, apartments or condos in Salem were built after 1966.
|Housing Units by Size|
|Five Bedrooms or more||3.60%|
Owned Homes, Apartments and Condos
|Average Household Size||2.43|
|Median year structure was built||1966|
|Median Value of occupied units||$104,200|
|Median Price asked for vacant units||$85,000|
Rented Homes, Apartments and Condos
|Average Household Size||2.08|
|Median year structure was built||1967|
|Median Monthly Rent asked for vacant units||$486|
Owners Finance Status
|Second Mortgage & Equity Loan||1.10%|
|Home Equity Loan||8.80%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||16.7%|