Selmer, TN is an area that has seen a significant increase in housing median value over the past year. The city's median value of $131,200 is significantly lower than the US house median value of $338,100. Despite this difference, Selmer has still experienced a higher house appreciation rate of 19.25% than the US total of 8.27%. This impressive increase in housing median values may be indicative of an upswing in economic activity in the area and could be a great opportunity for potential homebuyers to invest in real estate now before prices grow even further.
The median home cost in Selmer is $131,200. Home appreciation the last 10 years has been 87.0%. Home Appreciation in Selmer is up 24.9%.
Average Age of Homes
- The median age of Selmer real estate is 44 years old
The Rental Market in Selmer
- Renters make up 35.3% of the Selmer population
- 0.0% of houses and apartments in Selmer, 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.