The housing market in Selma, TX is growing quickly. The median value of a home in the area is currently $294,500, significantly lower than the US median value of $338,100. Additionally, the one year appreciation rate for homes in Selma is 16.24%, more than double the US rate of 8.27%. This growth indicates that homes in Selma are becoming increasingly valuable at a much faster rate than other parts of the country, making it an attractive option for potential buyers and investors alike.
The median home cost in Selma is $294,500. Home appreciation the last 10 years has been 114.2%. Home Appreciation in Selma is up 19.4%.
Average Age of Homes
- The median age of Selma real estate is 12 years old
The Rental Market in Selma
- Renters make up 26.7% 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.