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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 $152,150, lower than the Indiana average of $232,932.
The average cost of rent is $910/mo in Selma, primarily driven by the current value of real estate in the Selma area. In Selma, 17.61% of households rent, and 61.80% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Selma is $6,438 per month. Households that rent pay about 14.14% of their income on rent here. Selma’s most expensive areas are in the southern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Woodland Park, IN: less expensive homes
- Parker City, IN: less expensive homes
- Windsor, IN: higher priced homes
- Medford, IN: higher priced homes
- DeSoto, IN: higher priced homes
- Muncie, IN: less expensive homes
- Blountsville, IN: less expensive homes
- Farmland, IN: less expensive homes
- Royerton, IN: equally priced homes
- Oakville, IN: equally priced homes
Cities with Similar Populations
- South Bloomfield, OH: higher priced homes
- Magnolia, OH: equally priced homes
- Malaga, WA: higher priced homes
- Marion, LA: less expensive homes
- Audubon, IA: less expensive homes
- Mcveytown, PA: higher priced homes
- Michie, TN: higher priced homes
- Mill City, OR: higher priced homes
- Moro, IL: higher priced homes
- Moville, IA: higher priced homes
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