Zip 36703 (Selma, AL) Housing

The median housing value in 36703 Selma, AL is $71,100 - much lower than the US median housing value of $338,100. Despite this gap, there has been an impressive house appreciation rate of 14.92% in 36703 Selma over the past year - well above the national average of 8.27%. This indicates strong growth potential for real estate investments made in this area and makes it a great place to consider purchasing or renting a home.

The median home cost in Selma (zip 36703) is $71,100. Home appreciation the last 10 years has been 61.6%. Home Appreciation in Selma (zip 36703) is up 18.1%.

Average Age of Homes

- The median age of Selma (zip 36703) real estate is 44 years old

The Rental Market in Selma (zip 36703)

- Renters make up 41.8% of the Selma (zip 36703) population
- 2.1% of houses and apartments in Selma (zip 36703), 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

Housing	Selma, Alabama	United States
	5,919.0	139,647,020.0
	47	42
	$71,100	$338,100
	18.1%	16.6%
	51.1%	57.0%
	61.6%	101.1%
	$4.10	$10.98
	$289	$2,690
	45.2%	57.4%
	19.6%	11.2%
	35.1%	31.4%
Vacant Housing
	2.1%	1.9%
	0.4%	0.4%
	0.5%	0.7%
	0.0%	0.4%
	0.3%	3.6%
	16.4%	4.1%
Value of Owner-Occupied Housing
	11.8%	2.6%
	10.3%	2.4%
	17.8%	2.8%
	17.1%	3.9%
	4.3%	4.5%
	14.9%	11.3%
	11.0%	13.0%
	7.3%	20.1%
	4.3%	13.6%
	0.3%	8.3%
	0.0%	9.7%
	1.1%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	13.3%	13.6%
	13.3%	13.6%
	13.6%	13.6%
	9.6%	13.2%
	22.0%	14.8%
	13.6%	13.6%
	6.0%	10.0%
	10.2%	4.7%
	10.0%	12.2%

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