Selma, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Selma, CA Real Estate Data


Selma Housing Market Information

With 24,414 people, 6,540 houses or apartments, and a median cost of homes of $197,873, 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 74.82% of the city's housing units. Other types of housing that are prevalent in Selma include large apartment complexes or high rise apartments ( 8.78%), duplexes, homes converted to apartments or other small apartment buildings ( 7.80%), and a few mobile homes or trailers ( 5.32%).

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 57.04% owning and 42.96% 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 ( 23.45%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.85%). There's also some housing in Selma built before 1939 ( 11.37%).

Selma Home Appreciation Rates

Homes have actually lost value in Selma over the last then years, as home values have seen a decline of 30.04% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Selma home appreciation rates at 1.07%, which equates to an annual appreciation rate of 4.35%.

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 6.39%, which is higher than appreciation rates in 78.90% 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 1.07%, which equates to an annual appreciation rate of 4.35%.

Relative to California, our data show that Selma's latest annual appreciation rate is lower than 50% 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.

Average Home Values

 

Median Home Value:
$197,873

Selma, CA HOME PRICES

Value Range
> $1,303,000 0.5
$977,001 - $1,303,000 0.4
$651,001 - $977,000 2.7
$521,001 - $651,000 2.0
$391,001 - $521,000 4.6
$261,001 - $391,000 21.8
$131,001 - $261,000 40.0
$65,001 - $131,000 19.9
$0 - $65,000 8.1

Very Low for CA
High for Nation

Value Relative to Nation Value Relative to State
33.7120103062599 87.5825627476882

Number Of Homes And Apartments:
6,540

Rent & Ownership

 

Average Market Rent:
$1,025 / per month

Homeownership Rate

Homeownership
Owners 57.04
Renters 42.96
Vacant 4.15

Housing Market Details

 

Age of Homes

AGE OF Selma HOMES
2000 or Newer 17.9
1970 - 1999 47.3
1940 - 1969 23.5
1939 or Older 11.4

Types of Homes

TYPE OF Selma HOMES
Single-Family 74.8
Townhomes 3.3
Small Apt. Buildings 7.8
Apt. Complexes 8.8
Mobile Homes 5.3
Other 0.0

Home Size

SIZE OF Selma HOMES
No Bedroom 0.73
1 Bedroom 7.94
2 Bedrooms 24.99
3 Bedrooms 47.90
4 Bedrooms 16.87
5 or more bedrooms 1.57

Selma Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
71.87% 3.24% 4 9
* 10 is highest