Selma, CA Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Selma, CA Housing Market Trends

With 24,825 people, 7,081 houses or apartments, and a median cost of homes of $221,342, 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 76.34% of the city's housing units. Other types of housing that are prevalent in Selma include large apartment complexes or high rise apartments ( 8.12%), duplexes, homes converted to apartments or other small apartment buildings ( 7.44%), and a few mobile homes or trailers ( 5.78%).

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 58.24% owning and 41.76% 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 ( 24.74%). A lesser amount of the housing stock also hails from between 2000 and later ( 20.62%). There's also some housing in Selma built before 1939 ( 7.26%).

Selma Home Appreciation Rates

In the last 10 years, Selma has experienced some of the highest home appreciation rates of any community in the nation. Selma real estate appreciated 117.39% over the last ten years, which is an average annual home appreciation rate of 8.07%, putting Selma in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Selma definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

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 13.01%, which is higher than appreciation rates in 89.10% 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 3.94%, which equates to an annual appreciation rate of 16.72%.

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 80% 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:
$221,342

Selma, CA HOME PRICES

> $1,279,000
1.0%
1.0%
$959,001 - $1,279,000
0.6%
0.6%
$640,001 - $959,000
0.6%
0.6%
$511,001 - $640,000
1.6%
1.6%
$384,001 - $511,000
5.5%
5.5%
$256,001 - $384,000
28.2%
28.2%
$128,001 - $256,000
44.9%
44.9%
$64,001 - $128,000
9.7%
9.7%
$0 - $64,000
8.0%
8.0%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Very Low for CA

Value Relative To Nation

Number Of Homes And Apartments:
7,081

Selma Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
139.46% 4.15%
6
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,309 / per month

Homeownership Rate

Owners
58.2%
58.2%
Renters
41.8%
41.8%
Vacant
5.7%
5.7%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
20.6%
20.6%
1970 - 1999
47.4%
47.4%
1940 - 1969
24.7%
24.7%
1939 or Older
7.3%
7.3%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
76.3%
76.3%
Townhomes
2.1%
2.1%
Small Apt. Buildings
7.4%
7.4%
Apt. Complexes
8.1%
8.1%
Mobile Homes
5.8%
5.8%
Other
0.2%
0.2%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.7%
0.7%
1 Bedroom
7.4%
7.4%
2 Bedrooms
24.6%
24.6%
3 Bedrooms
47.8%
47.8%
4 Bedrooms
17.8%
17.8%
5 or more bedrooms
1.7%
1.7%
0.0% 100.0%
% OF HOMES