The Most Affordable Neighborhoods in Selma, MO by Home Value

 

Selma, MO Map of Most Affordable Neighborhoods
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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 $185,612, lower than the Missouri average of $194,908.

The average cost of rent is $600/mo in Selma, primarily driven by the current value of real estate in the Selma area. While nearly 53.48% of residents own their homes outright in Selma, 13.25% rent.

Housing affordability isn’t just about home prices, though. The average household income in Selma is $5,255 per month. Households that rent pay about 11.41% of their income on rent here. Selma's most expensive areas are in the central regions, while the cheapest areas are in the western parts of the city.


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