Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 24,414 people, 6,658 houses or apartments, and a median cost of homes of $203,142, Selma real estate values are some of the lowest in California, although compared to real estate around the nation, Selma homes are still considered rather expensive.
Single-family detached homes are the single most common housing type in Selma, accounting for 76.36% of the city's housing units. Other types of housing that are prevalent in Selma include large apartment complexes or high rise apartments ( 7.79%), duplexes, homes converted to apartments or other small apartment buildings ( 7.70%), and a few mobile homes or trailers ( 5.50%).
The most prevalent building size and type in Selma are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 57.68% owning and 42.32% renting.
There is a lot of housing in Selma built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Selma built between 1940-1969 ( 24.46%). A lesser amount of the housing stock also hails from between 2000 and later ( 19.57%). There's also some housing in Selma built before 1939 ( 9.82%).
Homes have actually lost value in Selma over the last then years, as home values have seen a decline of 26.92% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Selma home appreciation rates at 2.10%, which equates to an annual appreciation rate of 8.66%.
Appreciation rates are so strong in Selma that despite a nationwide downturn in the housing market, Selma real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Selma appreciation rates continue to be some of the highest in America, at 8.87%, which is higher than appreciation rates in 90.35% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Selma. Selma appreciation rates in the latest quarter were at 2.10%, which equates to an annual appreciation rate of 8.66%.
Importantly, this makes Selma one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to California, our data show that Selma's latest annual appreciation rate is higher than 70% of the other cities and towns in California.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Selma differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Selma - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Selma real estate investment or home purchase decisions.
|$973,001 - $1,297,000||0.5|
|$649,001 - $973,000||0.8|
|$519,001 - $649,000||2.3|
|$389,001 - $519,000||3.6|
|$260,001 - $389,000||24.8|
|$130,001 - $260,000||46.4|
|$65,001 - $130,000||15.9|
|$0 - $65,000||4.6|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Selma HOMES|
|2000 or Newer||19.6|
|1970 - 1999||46.1|
|1940 - 1969||24.5|
|1939 or Older||9.8|
|TYPE OF Selma HOMES|
|Small Apt. Buildings||7.7|
|SIZE OF Selma HOMES|
|5 or more bedrooms||1.30|