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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 $260,078, lower than the South Carolina average of $296,593.
The average cost of rent is $515/mo in Selma, primarily driven by the current value of real estate in the Selma area. In Selma, 40.41% of households rent, and 77.40% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Selma is $3,636 per month. Households that rent pay about 14.15% of their income on rent here. Selma’s most expensive areas are in the southern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Dillon, SC: less expensive homes
- Hamer, SC: less expensive homes
- Minturn, SC: less expensive homes
- Oakland Cross Roads, SC: less expensive homes
- Little Rock, SC: less expensive homes
- Riverdale, SC: less expensive homes
- Latta, SC: less expensive homes
- Echo, NC: less expensive homes
- Bristow, SC: less expensive homes
- Purvis, NC: less expensive homes
Cities with Similar Populations
- Echols, TX: less expensive homes
- West Brooksville, ME: higher priced homes
- West Canaan, NH: equally priced homes
- Elk Creek, NE: less expensive homes
- Eldena, IL: less expensive homes
- Elbridge, IL: less expensive homes
- Elba Center, IL: less expensive homes
- El Dara, IL: less expensive homes
- Egypt, PA: less expensive homes
- Edwin, AL: less expensive homes
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