Zip 38375 (Selmer, TN) Housing

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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Selmer, Tennessee	United States
	3,747.0	139,647,020.0
	42	42
	$129,500	$338,100
	24.9%	16.6%
	67.1%	57.0%
	87.0%	101.1%
	$5.69	$10.98
	$558	$2,690
	62.2%	57.4%
	13.6%	11.2%
	24.2%	31.4%
Vacant Housing
	0.2%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	4.3%	3.6%
	9.0%	4.1%
Value of Owner-Occupied Housing
	1.2%	2.6%
	6.9%	2.4%
	14.5%	2.8%
	12.6%	3.9%
	16.5%	4.5%
	27.1%	11.3%
	8.7%	13.0%
	7.5%	20.1%
	0.0%	13.6%
	2.4%	8.3%
	0.6%	9.7%
	1.9%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	6.6%	13.6%
	6.6%	13.6%
	20.9%	13.6%
	17.3%	13.2%
	27.8%	14.8%
	20.9%	13.6%
	9.4%	10.0%
	3.1%	4.7%
	1.9%	12.2%

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