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These days, finding an affordable place to live in the Selma area can be challenging. Home prices in Selma are now at a median cost of $100,526, lower than the Alabama average of $228,911.
The average cost of rent is $751/mo in Selma, primarily driven by the current value of real estate in the Selma area. In Selma, 46.89% of households rent, and 66.36% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Selma is $3,137 per month. Households that rent pay about 23.95% of their income on rent here. Selma’s most expensive areas are in the western regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Selmont-West Selmont, AL: less expensive homes
- Valley Grande, AL: higher priced homes
- West Selmont, AL: less expensive homes
- Potter, AL: equally priced homes
- Casey, AL: equally priced homes
- Summerfield, AL: higher priced homes
- Fremont, AL: equally priced homes
- Hazen, AL: less expensive homes
- Marion Junction, AL: less expensive homes
- Harrell, AL: less expensive homes
Cities with Similar Populations
- Machesney Park, IL: higher priced homes
- Laurinburg, NC: higher priced homes
- Lebanon, MO: higher priced homes
- Lemont, IL: higher priced homes
- Libertyville, IL: higher priced homes
- Lincolnia, VA: higher priced homes
- Little River, SC: higher priced homes
- Lochearn, MD: higher priced homes
- Lorton, VA: higher priced homes
- Louisville, CO: higher priced homes
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