The housing market in Selma, AL is relatively inexpensive when compared to the national median home value. The median home value in Selma is $86,800 which is significantly lower than the national median of $338,100. In addition to being more affordable, the housing market in Selma has experienced a greater appreciation rate over the last year than the national average. The US one-year house appreciation rate was 8.27%, while the one-year appreciation in Selma was 14.92%. This trend suggests that investing in real estate property in Selma could be a great option for those looking for an affordable and progressive housing market.
The median home cost in Selma is $86,800. Home appreciation the last 10 years has been 61.6%. Home Appreciation in Selma is up 18.1%.
Average Age of Homes
- The median age of Selma real estate is 51 years old
The Rental Market in Selma
- Renters make up 43.0% of the Selma population
- 1.4% 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.