Selma Metro Area, AL Housing


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United States / Alabama / Selma Metro Area / Counties / Cities / Zip Codes
The housing market in Selma, AL Metro Area is quite robust, with a median value of $82,200. Compared to the national average of $338,100, it can be seen that home values are significantly lower in this area. However, this has provided an opportunity for buyers to take advantage of the low prices while also seeing high levels of appreciation as the 1 year house appreciation rate is 17.72%, significantly higher than the national rate of 8.27%. This makes it an attractive option for those looking at buying property in this region.

The median home cost in Selma Metro Area is $82,200. Home appreciation the last 10 years has been 61.6%. Home Appreciation in Selma Metro Area is up 18.1%.

Average Age of Homes
- The median age of Selma Metro Area real estate is 43 years old
The Rental Market in Selma Metro Area
- Renters make up 31.5% of the Selma Metro Area population
- 1.6% of houses and apartments in Selma Metro Area, 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.

Median Monthly Rent by Number of Bedrooms

   Housing by Year Built

  HousingSelma, AlabamaUnited States
  19,037.0139,647,020.0
  4842
  $82,200$338,100
  18.1%16.6%
  51.1%57.0%
  61.6%101.1%
  $4.10$10.98
  $350$2,690
  45.9%57.4%
  24.4%11.2%
  29.7%31.4%
  Vacant Housing
  1.6%1.9%
  0.2%0.4%
  1.7%0.7%
  0.3%0.4%
  3.0%3.6%
  17.7%4.1%
  Value of Owner-Occupied Housing
  8.3%2.6%
  9.9%2.4%
  14.2%2.8%
  14.0%3.9%
  12.2%4.5%
  17.3%11.3%
  10.0%13.0%
  9.0%20.1%
  3.3%13.6%
  0.7%8.3%
  0.7%9.7%
  0.3%3.9%
  0.1%2.2%
  0.0%0.8%
  0.0%1.1%
  Housing Units by Year Structure Built
  0.2%0.2%
  9.2%13.6%
  9.2%13.6%
  14.0%13.6%
  9.6%13.2%
  21.0%14.8%
  14.0%13.6%
  10.0%10.0%
  6.4%4.7%
  11.4%12.2%
Commute

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