Salem Massachusetts Real Estate
Salem, Massachusetts, is located in Essex County, 5 miles NE of Lynn, Massachusetts and 15 miles NE of Boston, Massachusetts. Salem has a population of 40,407.
Salem Homes
Salem properties pool is 17,492 residential properties including Salem new homes. Median age of real estate in Salem is 1939. Average Household size is 2.95 people. 6% are one bedroom homes, 35% are 2 bedroom homes, 38% are 3 bedroom homes, 15% are 4 bedroom homes, and 5% are 5+ bedroom homes.
Salem Mortgage Statistics
Salem mortgages vs. USA median statistics
| Homes |
Salem |
USA |
| Homes With No Mortgage |
32% |
30% |
| Homes With Mortgage |
68% |
70% |
| First Mortgage Only |
53% |
54% |
| First & Second Mortgage or HELOC |
14% |
16% |
Salem Area Real Estate Tax
Salem Real estate Tax: Median Real Estate Taxes (2000) were $2,383 comparing to 1999 Median Family income $ 55,635. Compare to USA median yearly Real Estate Tax $1,300 and USA median Family Income $42,000 (1999).
Salem School District: Children make up 20.2% of Salem population. Salem has 8,157 under 18 years old residents, or 0.38 kids per one worker, or 0.47 kids per one household.
Salem Real Estate & Salem Homeownership
There are 6122.2 or 35% one person households, 5772.36 or 33% two person households, and 2623.8 or 15% three person households in Salem, Massachusetts. Median residents age is 36.4, Senior citizens (65+) make up 5,716 or 14.1%% of Salem population.
There are 21,318 workers (over 16 years of age) in Salem. Of these, 81.8% drive to work. Approximately 8.74% of workers in Salem take public transportation. An estimated 5.94% walk to work.
Median Salem homeowner's housing expences are 20.6%
Crime in Salem (2003), crimes per 10,000 residents per year
| Type of Crime |
Salem |
USA, 2003 |
| Violent Crimes |
24.25 |
47.5 |
| Robberies |
4.21 |
14.2 |
| Aggravated Assaults |
18.07 |
29.5 |
| Property Crimes |
237.34 |
358.8 |
| Burglaries |
33.41 |
74.0 |
| Larceny-Thefts |
177.44 |
241.5 |
| Motor Vehicle Thefts |
26.48 |
43.3 |
Invest in Salem Properties
When making a decision about buying real estate in Salem Massachusetts area, you should consider following statistical data:
| Category |
Salem |
USA |
| Near Medium City |
Lynn, Massachusetts |
- |
| Near Large City |
Boston, Massachusetts |
- |
| Salem Zip Codes |
01970 |
- |
| Salem Area Codes |
978 |
- |
| White population |
85.37% |
75.1% |
| African-American population |
3.15% |
12.3% |
| Asian |
2% |
3.6% |
| American Indian & Alaskan |
0.22% |
0.9% |
| Hispanic (of any race) |
11.24% |
12.5% |
| Median Family Income (1999) |
$ 55,635% |
$42,000 |
| Population Below Poverty Level |
9.37% |
12.4% |
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