Selma, VA is a small town with a population of just over 3,000 people. The city has seen an incredible amount of growth in recent years, which is reflected in the housing market. The median value for homes in Selma is $100,700, significantly lower than the US median of $338,100. Despite the difference in price points, the one year house appreciation rate for homes in Selma was even higher than the national average at 12.12%, compared to 8.27%. This rapid growth indicates that Selma is continuing to be an attractive place for homeowners and investors alike.
The median home cost in Selma is $100,700. Home appreciation the last 10 years has been 54.3%. Home Appreciation in Selma is up 14.6%.
Average Age of Homes
- The median age of Selma real estate is 53 years old
The Rental Market in Selma
- Renters make up 44.8% 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.