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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 $162,707, lower than the Iowa average of $226,062.
The average cost of rent is $632/mo in Selma, primarily driven by the current value of real estate in the Selma area. In Selma, 18.97% of households rent, and 55.19% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Selma is $5,593 per month. Households that rent pay about 11.31% of their income on rent here. Selma’s most expensive areas are in the southwestern 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
- Douds, IA: less expensive homes
- Eldon, IA: less expensive homes
- White Elm, IA: higher priced homes
- Leando, IA: higher priced homes
- Libertyville, IA: equally priced homes
- Troy, IA: higher priced homes
- Kilbourn, IA: less expensive homes
- Batavia, IA: equally priced homes
- Floris, IA: higher priced homes
- Birmingham, IA: less expensive homes
Cities with Similar Populations
- Foster, NE: higher priced homes
- Galatia, NC: less expensive homes
- Fruitvale, OR: higher priced homes
- Frost, WV: higher priced homes
- Friendship, IN: higher priced homes
- York, AZ: equally priced homes
- Freeling, VA: less expensive homes
- Freedhem, MN: higher priced homes
- Fredonia, ND: less expensive homes
- Franklinton, NY: equally priced homes
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