DollarTimes
You are Here:
DollarTimes.com > Mortgage > Oregon > Salem
Salem, Oregon Mortgage and Housing Information
Population: 136,924
Data Source:US Census Bureau. All figures are from year 2000 unless otherwise noted.
Lifestyle in Salem
Income
| U.S. | Oregon | Salem | |
|---|---|---|---|
| Median Earnings | $27,239 | $25,454 | $22,598 |
| Median Earnings, Males | $32,396 | $30,952 | $22,470 |
| Median Earnings, Females | $22,097 | $20,767 | $22,693 |
Females earn $223 (1.0%) more than Males in Salem.
Commuting in Salem
Means of transportation to work, workers over 16 years old.
| Means of Transport | Number of People |
|---|---|
| Car, solo | 42,904 |
| Carpooled | 9,229 |
| Public Transit | 1,957 |
| Bicycle | 620 |
| Walking | 2,200 |
| Other Means | 567 |
| Total, Commuted | 57,477 |
| Worked from home | 2,300 |
| Total | 59,777 |
Time Spent Commuting in Salem
Time spent commuting in Salem
| Time spent in minutes | Number of People |
|---|---|
| Less than 5 | 1,679 |
| 5-9 | 7,282 |
| 10-14 | 11,565 |
| 15-19 | 12,467 |
| 20-24 | 8,162 |
| 25-29 | 2,378 |
| 30-34 | 5,102 |
| 35-39 | 852 |
| 40-44 | 1,215 |
| 45-59 | 2,697 |
| 60-89 | 3,017 |
| Over 90 | 1,061 |
Education
| Level | Number of Males | Percent of Males | Number of Females | Percent of Females |
|---|---|---|---|---|
| Some College | 11,351 | 23.6% | 12,413 | 25.8% |
| Associate Degree | 4,654 | 9.7% | 3,853 | 8.0% |
| Bachelor's Degree | 7,352 | 15.3% | 8,609 | 17.9% |
| Master's Degree | 2,846 | 5.9% | 2,708 | 5.6% |
| Professional Degree | 916 | 1.9% | 180 | 0.4% |
| Doctorate Degree | 575 | 1.2% | 354 | 0.7% |
| Total (at least some college) | 27,694 | 57.5% | 28,117 | 60.9% |
| Total over 25 | 48,154 | 100% | 46,159 | 100% |
Housing in Salem
Value of Houses and Condos
| U.S. | Oregon | Salem | |
|---|---|---|---|
| Median home value in year 2006 | $185,200 | $236,600 | $182,100 |
Monthly Owner Costs
| U.S. | Oregon | Salem | |
|---|---|---|---|
| With a mortgage | $1,402 | $1,412 | $1,338 |
| Without a mortgage | $399 | $385 | $436 |
Tenancy in Salem
| Owner-occupied homes | 31,701 |
|---|---|
| Renter-occupied homes | 21,908 |
| Homes for sale | 750 |
| Homes for rent | 1,736 |
| Total | 57,599 |
Ownership of Houses and Condos
Types of mortgages for owner-occupied Houses and Condos in Salem (2006)
| Mortgage Type | Number of Houses and Condos | Percent of total |
|---|---|---|
| Without a mortgage | 8,781 | 27.7% |
| First Mortgage Only | 15,548 | 49.0% |
| Second Mortgage and/or Home Equity Loan | 7,372 | 23.3% |
| Total | 31,701 | 100% |
Age of Salem Residents
| Males | Females |
|---|---|
| 32 | 35 |
Mortgage Calculator
What Will Your Monthly Payment Be?
Results
?This will calculate your approximate monthly mortgage payment based on the purchase price and your loan details.
This calculator is for fixed-rate mortgages. Adjustable-rate mortgages, or ARMs, may allow you to acheive lower payments in the short term. However, with ARMs, your monthly payment may increase if interest rates rise.
© HBrothers 2007. Contact us