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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 $278,190, higher than the Missouri average of $246,641.
The average cost of rent is $1,076/mo in Selma, primarily driven by the current value of real estate in the Selma area. In Selma, 2.66% of households rent, and 36.85% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Selma is $8,267 per month. Households that rent pay about 13.02% 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.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Plattin, MO: less expensive homes
- Festus, MO: less expensive homes
- Flucom, MO: higher priced homes
- Crystal City, MO: less expensive homes
- Olympian Village, MO: less expensive homes
- Papin, MO: equally priced homes
- Herculaneum, MO: less expensive homes
- Bloomsdale, MO: equally priced homes
- Kidd, IL: less expensive homes
- Fults, IL: less expensive homes
Cities with Similar Populations
- Vinalhaven, ME: higher priced homes
- Burrton, KS: less expensive homes
- Camp Douglas, WI: less expensive homes
- Centerville, LA: less expensive homes
- Fort Cobb, OK: less expensive homes
- Hills, IA: less expensive homes
- Humphrey, NE: equally priced homes
- Turners Station, KY: equally priced homes
- Vander, NC: less expensive homes
- Vanleer, TN: less expensive homes
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