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Selma, NC—27576

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$264,000
2.2% YoY Growth
Household Income
$62,000
60.4% YoY Growth
Days on Market
121
82.0% Longer YoY
Home Price Forecast
1.0%
Median Rent
$1,400
5.7% YoY Growth
1-Bed Rent
N/A
N/A
2-Bed Rent
$1,150
0.8% YoY Growth
3-Bed Rent
$1,400
15.2% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Selma, NC

As of Dec '25, the median home price in Selma, NC is $264,000, with a year-over-year change of -2.2%. This indicates that home prices in Selma, NC are decreasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$264,000-2.2%
Single Family $264,000-1.9%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$159,000-5.4%
    3 Bed
    		$272,000-2.2%
    4 Bed
    		$361,000-0.6%
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    0.7%
    1 Bedroom
    4.2%
    2 Bedrooms
    20.6%
    3 Bedrooms
    60.0%
    4 Bedrooms
    13.5%
    5+ Bedrooms
    1.0%

    Rental Trends — Selma, NC

    As of July '25, Rentcast reports the average rent in Selma, NC is $1,500, with a year-over-year rent change of -5.7%. Per bedroom, the median rent as of July '25 in Selma, NC is 2-bedrooms: $1,250, 3-bedrooms: $1,560, 4-bedrooms: $1,840. The most common rental property sizes in Selma, NC are 3-bedroom and 2-bedroom, accounting for 42.3% and 36.9% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,400$1,500
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent $1,150$1,250
    3 Bed Rent $1,400$1,560
    4 Bed Rent $1,720$1,840
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    % of Rental Stock

    Studio
    2.4%
    1 Bedroom
    12.9%
    2 Bedrooms
    36.9%
    3 Bedrooms
    42.3%
    4 Bedrooms
    4.4%
    5+ Bedrooms
    1.0%

    Property Listings — Selma, NC

    As of Dec '25, Realtor.com reports that the median days on market for a home in Selma, NC is 116. This is a increase of 52.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 11.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$337,000-2.0%
    Listing Count
    		13697.0%
    Listings as % of Homes1.5%97.0%
    Days on Market
    		12182.0%
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    Demographics — Selma, NC

    As of the latest ACS Survey released in 2023, Selma, NC has a population of 20,100, which has increased by 11.0% over the past 5 years. Selma, NC is a popular place for families, as children make up 25.2% of the population. The area has a poorly educated workforce, with 18.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.4% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		20,10011.0%
    % Under 18
    		25.2%-13.7%
    % Seniors
    		15.6%11.4%
    % WFH
    		9.4%70.9%
    % w/ College Degree
    		18.0%42.9%
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    As of the latest ACS Survey released in 2023, Selma, NC is a predominantly white area, with 49.3% of the population identifying as white. The white population has shrunk by 4.3% in the last 5 years. The second most common race or ethnicity in Selma, NC is hispanic, making up 26.9% of the population. Foreign-born residents account for 12.2% of the population in Selma, NC, and this percentage has increased by 8.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		49.3%-4.3%
    % Black
    		21.2%-2.3%
    % Hispanic
    		26.9%6.3%
    % Asian
    		0.5%400.0%
    % Foreign Born
    		12.2%8.0%
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    Mortgage and Risk — Selma, NC

    According to HUD data as of 2023, there were 471 mortgage originations in Selma, NC, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 36.0% above 90% LTV (very high). This implies large mortgage risk in Selma, NC. Investor activity is low, as 5.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		471
    % Conventional Loans
    		69.0%
    % Government Loans
    		31.0%
    % Investor Loans
    		5.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		11.0%
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    Rentals and Section 8 — Selma, NC

    Selma, NC lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		417
    Total Units Section 8
    		231
    % Rentals under Section 8
    		10.4%
    % Occupied Section 8
    		94.9%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$1,320
    2 Bedroom$340$1,150$1,490
    3 Bedroom$440$1,400$1,840
    4 Bedroom$720$1,720$2,440

    Affordability — Selma, NC

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio4.1
    Median Home Price$264,000
    Median Household Income$62,000

    Selma, NC — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Micro

    27555

    Pine Level

    27568

    Kenly, NC

    27542

    Smithfield, NC

    27577

    Clayton, NC

    27527

    Frequently Asked Questions