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Salem Mortgage Quotes And Real Estate


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Salem Mortgage and Real Estate Facts

Overview

In Salem there are 17,492 places to live of various types. In the city, 49% of the houses and apartments are occupied by the owners, not rented out.

Salem Mortgage

About 68% of owner-occupied housing units in Salem have a mortgage of one type or another. Approximately 14% of housing units in the city carry a second mortgage or home equity loan.

Mortgage and interest rate quotes for the Salem area (or anywhere else you choose in the US) are available, without obligation or credit checks:

Salem Mortgage Statistics

CategoryValue
Homes With No Mortgage32%
With A Mortgage68%
First Mortgage Only53%
Second Mortgage or Home Equity Loan14%
Second Mortgage Only5%
Home Equity Loan Only10%

Salem Housing Expenses

CategoryValue
Owner Costs as % of Income20.6%
Median Real Estate Taxes (2000)$2,383

Salem Household Size

CategoryValue
Total Occupied17,492
1-Person Households35%
2-Person Households33%
3-Person Households15%
4-Person Households11%
5-Person Households5%
6-Person Households1%
7+-Person Households1%

Salem Housing Stock

CategoryValue
Median Year Built1939
Median Year Built (Owner Occupied)1939
Median Year Built (Renter Occupied)1939

Salem Home Heating

CategoryValue
Using Utility Co. Gas Heat43%
Using Bottled/Tank Gas Heat1%
Using Electric Heat12%
Using Oil Heat45%
Using Coal0%
Using Wood Heating0%
Using Solar Heat0%
Other Heating0%
No Heating0%

Salem Housing Size

CategoryValue
No Bedrooms0%
1 Bedroom6%
2 Bedrooms35%
3 Bedrooms38%
4 Bedrooms15%
5+ Bedrooms5%

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