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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 50,645 places to live of various types. In the city, 57% of the houses and apartments are occupied by the owners, not rented out.

Salem Mortgage

About 77% of owner-occupied housing units in Salem have a mortgage of one type or another. Approximately 20% 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 Mortgage23%
With A Mortgage77%
First Mortgage Only57%
Second Mortgage or Home Equity Loan20%
Second Mortgage Only11%
Home Equity Loan Only9%

Salem Housing Expenses

CategoryValue
Owner Costs as % of Income21.1%
Median Real Estate Taxes (2000)$1,885

Salem Household Size

CategoryValue
Total Occupied50,645
1-Person Households28%
2-Person Households34%
3-Person Households15%
4-Person Households12%
5-Person Households6%
6-Person Households3%
7+-Person Households2%

Salem Housing Stock

CategoryValue
Median Year Built1973
Median Year Built (Owner Occupied)1973
Median Year Built (Renter Occupied)1974

Salem Home Heating

CategoryValue
Using Utility Co. Gas Heat60%
Using Bottled/Tank Gas Heat1%
Using Electric Heat31%
Using Oil Heat6%
Using Coal0%
Using Wood Heating2%
Using Solar Heat0%
Other Heating0%
No Heating0%

Salem Housing Size

CategoryValue
No Bedrooms0%
1 Bedroom4%
2 Bedrooms22%
3 Bedrooms54%
4 Bedrooms16%
5+ Bedrooms3%

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