Selma, OR is an excellent housing market with a median value of $321,500, which is significantly lower than the US house median value of $338,100. Despite the lower median value, Selma has experienced a steady appreciation rate of 3.82% in the past year which is slightly lower than the US house appreciation rate of 8.27%. It is an ideal location to purchase property and benefit from its increasing value in the long run.
The median home cost in Selma is $321,500. Home appreciation the last 10 years has been 129.8%. Home Appreciation in Selma is up 8.5%.
Average Age of Homes
- The median age of Selma real estate is 41 years old
The Rental Market in Selma
- Renters make up 30.6% 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.