The housing in Selma, NC is quite vibrant. The median value of a house is $245,100, which is significantly lower than the US House Median Value of $338,100. Despite this difference in cost however, the appreciation rate of housing in Selma is 15.26%, which is almost double the US appreciation rate of 8.27%. For those looking to purchase a home or invest in real estate, Selma presents a great opportunity with its attractive prices and high appreciation rates.
The median home cost in Selma is $245,100. Home appreciation the last 10 years has been 108.1%. Home Appreciation in Selma is up 25.0%.
Average Age of Homes
- The median age of Selma real estate is 41 years old
The Rental Market in Selma
- Renters make up 54.5% of the Selma population
- 0.9% 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.