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Salem New Jersey Real Estate By Jennifer Hershey

Salem New Jersey Real Estate

Salem, New Jersey, is located in Salem County, 15 miles SE of Wilmington, Delaware and 34 miles SW of Philadelphia, Pennsylvania. Salem has a population of 5,857.

Salem Homes

Salem properties pool is 2,362 residential properties including Salem new homes. Median age of real estate in Salem is 1947. Average Household size is 3.1 people. 2% are one bedroom homes, 24% are 2 bedroom homes, 44% are 3 bedroom homes, 25% are 4 bedroom homes, and 6% are 5+ bedroom homes.

Salem Mortgage Statistics

Salem mortgages vs. USA median statistics

Homes Salem USA
Homes With No Mortgage 45%
30%
Homes With Mortgage 55%
70%
First Mortgage Only 39%
54%
First & Second Mortgage or HELOC 16%
16%

Salem Area Real Estate Tax

Salem Real estate Tax: Median Real Estate Taxes (2000) were $1,819 comparing to 1999 Median Family income $ 29,699. Compare to USA median yearly Real Estate Tax $1,300 and USA median Family Income $42,000 (1999).

Salem School District: Children make up 31% of Salem population. Salem has 1,813 under 18 years old residents, or 0.95 kids per one worker, or 0.77 kids per one household.

Salem Real Estate & Salem Homeownership

There are 779.46 or 33% one person households, 637.74 or 27% two person households, and 377.92 or 16% three person households in Salem, New Jersey. Median residents age is 33.5, Senior citizens (65+) make up 821 or 14%% of Salem population.

There are 1,901 workers (over 16 years of age) in Salem. Of these, 81.8% drive to work. Approximately 7% of workers in Salem take public transportation. An estimated 8.47% walk to work.

Median Salem homeowner's housing expences are 22%

Crime in Salem (2003), crimes per 10,000 residents per year

Type of Crime Salem USA, 2003
Violent Crimes
129.76
47.5
Robberies
22.2
14.2
Aggravated Assaults
97.32
29.5
Property Crimes
573.67
358.8
Burglaries
218.54
74.0
Larceny-Thefts
302.2
241.5
Motor Vehicle Thefts
52.93
43.3

Invest in Salem Properties

When making a decision about buying real estate in Salem New Jersey area, you should consider following statistical data:

Category Salem USA
Near Medium City
Wilmington, Delaware
-
Near Large City
Philadelphia, Pennsylvania
-
Salem Zip Codes
08079
-
Salem Area Codes
856
-
White population
37.46%
75.1%
African-American population
56.77%
12.3%
Asian
0.24%
3.6%
American Indian & Alaskan
0.6%
0.9%
Hispanic (of any race)
4.88%
12.5%
Median Family Income (1999)
$ 29,699%
$42,000
Population Below Poverty Level
26.14%
12.4%

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