The housing market in Selma, IN is thriving. The median value of houses in Selma is currently $195,300, which is significantly lower than the US house median value of $338,100. Furthermore, the 1 year house appreciation rate for Selma is 13.04%, higher than the national average of 8.27%. This indicates that housing prices in Selma are increasing at a faster rate than average and homes in the area may become increasingly valuable over time.
The median home cost in Selma is $195,300. Home appreciation the last 10 years has been 73.6%. Home Appreciation in Selma is up 15.1%.
Average Age of Homes
- The median age of Selma real estate is 60 years old
The Rental Market in Selma
- Renters make up 30.4% 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.