Selma, MI is a great place for real estate investments. Housing Median Value in Selma is $205,700 which is much lower than the US House Median Value of $338,100. This difference creates a tremendous opportunity for potential buyers to purchase homes at a lower rate than other areas. Furthermore, the US 1 year House Appreciation is 8.27%, while the House 1 year appreciation in Selma, MI is 15.49%. This higher appreciation rate shows that investing in property in Selma could potentially yield excellent returns on investment over time.
The median home cost in Selma is $205,700. Home appreciation the last 10 years has been 122.2%. Home Appreciation in Selma is up 19.8%.
Average Age of Homes
- The median age of Selma real estate is 39 years old
The Rental Market in Selma
- Renters make up 11.7% 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.