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Affordable
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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 $367,436, lower than the California average of $812,006.
The average cost of rent is $1,493/mo in Selma, primarily driven by the current value of real estate in the Selma area. In Selma, 41.36% of households rent, and 41.81% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Selma is $5,979 per month. Households that rent pay about 24.97% of their income on rent here. Selma’s most expensive areas are in the southeastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Fowler, CA: higher priced homes
- Parlier, CA: less expensive homes
- Wildflower, CA: higher priced homes
- Kingsburg, CA: higher priced homes
- Del Rey, CA: less expensive homes
- Monmouth, CA: higher priced homes
- Wahtoke, CA: higher priced homes
- Reedley, CA: equally priced homes
- Elm View, CA: equally priced homes
- Laton, CA: equally priced homes
Cities with Similar Populations
- Lake in the Hills, IL: less expensive homes
- South Bradenton, FL: less expensive homes
- Smithtown, NY: higher priced homes
- Schererville, IN: less expensive homes
- Martinez, GA: less expensive homes
- Marshalltown, IA: less expensive homes
- Agawam Town, MA: less expensive homes
- Magna, UT: equally priced homes
- Longwood, FL: higher priced homes
- Lenoir City, TN: equally priced homes
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