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 Size

Housing Units by Size
Studio Type0.70%
One Bedroom7.40%
Two Bedrooms33.20%
Three Bedrooms39.10%
Four Bedrooms16%
Five Bedrooms or more3.60%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.43
Median year structure was built1966
Median Value of occupied units$104,200
Median Price asked for vacant units$85,000

Rented Homes, Apartments and Condos

Average Household Size2.08
Median year structure was built1967
Median Monthly Rent asked for vacant units$486

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan1.10%
Second Mortgage7.30%
Home Equity Loan8.80%
Simple Mortgage45.40%
Debt Free37.40%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs16.7%