Selma, MN is a great location for prospective homeowners looking for an affordable place to live. The median value of housing in Selma, MN is $179,300 which is significantly lower than the US median house value of $338,100. Although the house median value in Selma is lower than the US house median value, it has seen a higher appreciation rate over the last year with a 10.50% increase compared to the US 1 year house appreciation rate of 8.27%. This higher appreciation rate makes Selma an attractive destination for people looking to buy a home as they can expect their investment to increase in value over time.
The median home cost in Selma is $179,300. Home appreciation the last 10 years has been 72.2%. Home Appreciation in Selma is up 13.0%.
Average Age of Homes
- The median age of Selma real estate is 69 years old
The Rental Market in Selma
- Renters make up 8.7% of the Selma population
- 0.0% of houses and apartments in Selma, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.