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Salem, VA Housing

 
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As of 2010-2014, median price of a house in Salem is $172,400, which is lower than the state average of $243,500 and is about the same as the national average of $175,700. The Salem median house value has grown by 65.45% since 2000. The growth rate for the price of a house in Salem is lower than the state average rate of 94.18% and is higher than the national average rate of 46.91%. The median year that a house in Salem was built is 1972, which is older than the median year for a house built in the state which is 1980 and is older than the median year for a house built in the USA which is 1976.

Topics:House ValueHousing OccupancyYear Structure BuiltMortgage StatusMortgage Owner's CostsNone-Mortgage Owner's CostsUnits in StructureRoomsBedroomsHouse Heating FuelGross RentVehicle Available

House Value

Median Value of a Total of 6,709 Owner Occupied Houses in Salem, VA, #289
Salem, VA
172,400 USD
Virginia
243,500 USD
U.S.
175,700 USD
Median House Price Growth Since 2000, #223
Salem, VA
65.45%
Virginia
94.18%
U.S.
46.91%
Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

 Salem, VAVirginiaU.S.
Total Housing Units10,848, see rank, 100%3,403,241132,741,033
Occupied Housing Units9,953, 91.75%, see rank89.38%87.55%
Owner Occupied6,709, 61.85%, see rank59.60%56.34%
Renter Occupied3,244, 29.90%, see rank29.78%31.21%
Vacant Housing Units895, 8.25%, see rank10.62%12.45%
For Rent164, 1.51%, see rank2.10%2.34%
For Sale Only58, 0.53%, see rank1.09%1.20%
Rented or Sold, Not Occupied143, 1.32%, see rank1.20%0.92%
For Seasonal, Recreational, or Occasional Use119, 1.10%, see rank2.67%3.97%
For Migrant Workers0, 0.00%, see rank0.02%0.03%
Other Vacant411, 3.79%, see rank3.55%4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #327
Salem, VAVirginiaU.S.
197219801976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

 Salem, VA%VirginiaU.S.
Owner-Occupied Units6,709100%2,028,24474,787,460
With a Mortgage4,06360.56%, see rank71.14%65.58%
Without a Mortgage2,64639.44%, see rank28.86%34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage


Median Owner Costs, see rank
Salem, VA
1,281 USD
Virginia
1,742 USD
U.S.
1,522 USD

Owner Costs Distribution
Monthly Owner CostsSalem, VA%VirginiaU.S.
$299 or Less00.00%, see rank0.23%0.20%
$300 to $4991162.86%, see rank1.45%1.59%
$500 to $6992746.74%, see rank3.72%5.01%
$700 to $99955313.61%, see rank10.40%14.32%
$1,000 to $1,4991,62139.90%, see rank23.15%27.90%
$1,500 to $1,99978219.25%, see rank21.20%20.35%
$2,000 to $2,99951912.77%, see rank24.77%19.52%
$3,000 or More1984.87%, see rank15.06%11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Salem, VA
22.70% of the Total Income
Virginia
23.20% of the Total Income
U.S.
23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Salem, VA%VirginiaU.S.
10% or Less2496.13%, see rank6.18%5.86%
10% to 20%1,46235.98%, see rank32.74%31.95%
20% to 30%1,05926.06%, see rank29.30%27.64%
30% to 40%58614.42%, see rank13.96%13.74%
40% or More69317.06%, see rank17.46%20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage


Median Owner Costs, see rank
Salem, VA
427 USD
Virginia
429 USD
U.S.
457 USD

Owner Costs Distribution
Monthly Owner CostsSalem, VA%VirginiaU.S.
$199 or Less1274.80%, see rank8.34%7.76%
$200 to $29933812.77%, see rank17.18%14.70%
$300 to $4991,35951.36%, see rank35.90%34.63%
$500 to $69959022.30%, see rank20.27%21.16%
$700 or More2328.77%, see rank18.31%21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Salem, VA
12.10% of the Total Income
Virginia
10.80% of the Total Income
U.S.
12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Salem, VA%VirginiaU.S.
10% or Less1,03639.15%, see rank46.49%40.19%
10% to 20%92635.00%, see rank29.97%31.47%
20% to 30%34613.08%, see rank10.53%12.24%
30% to 40%632.38%, see rank4.67%5.64%
40% or More2469.30%, see rank7.24%9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

 Salem, VAVirginiaU.S.
Total Housing Units10,848, 100%3,403,241132,741,033
1-unit, Detached7,699, 70.97%, see rank61.97%61.65%
1-unit, Attached374, 3.45%, see rank10.88%5.82%
2 Units246, 2.27%, see rank1.67%3.75%
3 or 4 Units217, 2.00%, see rank2.74%4.43%
5 to 9 Units447, 4.12%, see rank4.64%4.78%
10 or More Units1,355, 12.49%, see rank12.76%13.08%
Mobile Home, Boat, RV, Van, etc.510, 4.70%, see rank5.34%6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

 Salem, VAVirginiaU.S.
Total Housing Units10,848, 100%3,403,241132,741,033
1 Room68, 0.63%, see rank1.33%1.95%
2 Rooms213, 1.96%, see rank1.73%2.48%
3 Rooms568, 5.24%, see rank6.92%9.13%
4 Rooms1,621, 14.94%, see rank14.48%16.60%
5 Rooms2,399, 22.11%, see rank17.82%20.41%
6 Rooms1,857, 17.12%, see rank16.80%18.06%
7 Rooms1,178, 10.86%, see rank13.06%12.27%
8 Rooms1,386, 12.78%, see rank10.92%8.48%
9 Rooms or More1,558, 14.36%, see rank16.94%10.60%
Median Rooms5.80, see rank6.005.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

 Salem, VAVirginiaU.S.
Total Housing Units10,848, 100%3,403,241132,741,033
No Bedroom79, 0.73%, see rank1.46%2.17%
1 Bedroom715, 6.59%, see rank8.47%11.16%
2 Bedrooms3,174, 29.26%, see rank23.83%26.69%
3 Bedrooms4,190, 38.62%, see rank39.65%39.70%
4 Bedrooms2,107, 19.42%, see rank20.28%16.05%
5 or More Bedrooms583, 5.37%, see rank6.31%4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

 Salem, VAVirginiaU.S.
Total Housing Units9,953, 100%3,041,710116,211,092
Utility Gas5,361, 53.86%, see rank33.74%48.85%
Bottled, Tank, or LP Gas120, 1.21%, see rank4.51%4.86%
Electricity3,802, 38.20%, see rank52.28%36.68%
Fuel Oil, Kerosene, etc.478, 4.80%, see rank6.01%5.86%
Coal or Coke0, 0.00%, see rank0.08%0.12%
Wood122, 1.23%, see rank2.76%2.12%
Solar Energy0, 0.00%, see rank0.02%0.05%
Other Fuel28, 0.28%, see rank0.29%0.47%
No Fuel Used42, 0.42%, see rank0.30%1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly RentalSalem, VAVirginiaU.S.
Occupied Units Paying Rent3,136, 100%957,68639,201,928
$199 or Less0, 0.00%, see rank1.61%1.50%
$200 to $2990, 0.00%, see rank2.46%3.18%
$300 to $499202, 6.44%, see rank5.54%7.37%
$500 to $699668, 21.30%, see rank10.39%16.01%
$700 to $9991,435, 45.76%, see rank22.57%29.17%
$1,000 to $1,499695, 22.16%, see rank30.50%26.88%
$1,500 to $1,99991, 2.90%, see rank15.76%9.79%
$2,000 or More45, 1.43%, see rank11.16%6.10%
Median$833, see rank$1,108$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

 Salem, VAVirginiaU.S.
Occupied Housing Units9,953, 100%3,041,710116,211,092
No Vehicles Available563, 5.66%, see rank6.38%9.12%
1 Vehicles Available3,786, 38.04%, see rank30.54%33.80%
2 Vehicles Available3,416, 34.32%, see rank38.24%37.48%
3 or More Vehicles Available2,188, 21.98%, see rank24.84%19.61%

*Based on 2010-2014 data. View historical vehicle available data.


 
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