The housing market in 38375 Selmer, TN is incredibly strong compared to the US average. According to the data provided, the median house value in Selmer is $129,500 which is significantly lower than the US median of $338,100. However, over the past year house values have appreciated by 19.25%, much higher than the national average of 8.27%. This indicates that homes in Selmer are in high demand and present a good investment opportunity for potential buyers.
The median home cost in Selmer (zip 38375) is $129,500. Home appreciation the last 10 years has been 87.0%. Home Appreciation in Selmer (zip 38375) is up 24.9%.
Average Age of Homes
- The median age of Selmer (zip 38375) real estate is 39 years old
The Rental Market in Selmer (zip 38375)
- Renters make up 27.2% of the Selmer (zip 38375) population
- 0.2% of houses and apartments in Selmer (zip 38375), 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.