The housing situation in Selma, NC (27576) is quite positive. The median value of homes in this area has been steadily increasing over the past year by 15.26%. This is higher than the national average of 8.27%, showing that the housing market in Selma is doing exceptionally well. In terms of absolute values, the median value of homes in Selma is currently 243,500 dollars, which may seem lower than the national average of 338,100 dollars; however, when considering appreciation rates it becomes clear that the Selma housing market looks very strong both short and long-term.
The median home cost in Selma (zip 27576) is $243,500. Home appreciation the last 10 years has been 108.1%. Home Appreciation in Selma (zip 27576) is up 25.0%.
Average Age of Homes
- The median age of Selma (zip 27576) real estate is 33 years old
The Rental Market in Selma (zip 27576)
- Renters make up 32.6% of the Selma (zip 27576) population
- 0.3% of houses and apartments in Selma (zip 27576), 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.