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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 $227,985, lower than the Ohio average of $236,816.
The average cost of rent is $772/mo in Selma, primarily driven by the current value of real estate in the Selma area. In Selma, 37.50% of households rent, and 29.90% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Selma is $5,652 per month. Households that rent pay about 13.66% of their income on rent here. Selma’s most expensive areas are in the southern 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
- South Charleston, OH: less expensive homes
- Pitchin, OH: equally priced homes
- South Solon, OH: equally priced homes
- Cedarville, OH: higher priced homes
- Florence, OH: less expensive homes
- Clifton, OH: higher priced homes
- Plattsburg, OH: equally priced homes
- Pleasant View, OH: equally priced homes
- Hustead, OH: equally priced homes
- Jamestown, OH: equally priced homes
Cities with Similar Populations
- Franklin, SD: higher priced homes
- Stonington, MI: less expensive homes
- Stoneham, PA: less expensive homes
- Stirum, ND: equally priced homes
- Fulmer Valley, NY: less expensive homes
- Fullerton, AL: less expensive homes
- Fruitvale, TN: less expensive homes
- Frontier, WY: equally priced homes
- Frogtown, IL: less expensive homes
- Frizell, KS: less expensive homes
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