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.