Selma, NC 27576 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

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

2-Bed Rent

$1,150

0.8% YoY Growth

3-Bed Rent

$1,400

15.2% YoY Growth

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 Type	Median Home Value	YoY % Change
All Homes	$264,000	-2.2%
Single Family	$264,000	-1.9%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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.

Type	Median Rent	Average Rent
Average Rent	$1,400	$1,500
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/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.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$337,000	-2.0%
Listing Count	136	97.0%
Listings as % of Homes	1.5%	97.0%
Days on Market	121	82.0%

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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.

Metric	Latest Census	YoY % Change
Population	20,100	11.0%
% 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

Metric	Latest Census	5-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

Metric	Zip 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 Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$1,320
2 Bedroom	$340	$1,150	$1,490
3 Bedroom	$440	$1,400	$1,840
4 Bedroom	$720	$1,720	$2,440

Selma, NC—27576

Key Metrics at a Glance

Home Price Trends — Selma, NC

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Selma, NC

% of Rental Stock

Property Listings — Selma, NC

Demographics — Selma, NC

Race and Ethnicity

Mortgage and Risk — Selma, NC

Mortgages

Rentals and Section 8 — Selma, NC

Section 8 Market Size

Section 8 Opportunity

Affordability — Selma, NC

Home Price to Income Ratio

Selma, NC — ZIP Code Boundary Map

Nearby ZIP Codes

Micro

Pine Level

Kenly, NC

Smithfield, NC

Clayton, NC

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4.1
Median Home Price	$264,000
Median Household Income	$62,000

Selma, NC—27576

Key Metrics at a Glance

Home Price Trends — Selma, NC

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Selma, NC

% of Rental Stock

Property Listings — Selma, NC

Demographics — Selma, NC

Race and Ethnicity

Mortgage and Risk — Selma, NC

Mortgages

Rentals and Section 8 — Selma, NC

Section 8 Market Size

Section 8 Opportunity

Affordability — Selma, NC

Home Price to Income Ratio

Selma, NC — ZIP Code Boundary Map

Nearby ZIP Codes

Micro

Pine Level

Kenly, NC

Smithfield, NC

Clayton, NC

Frequently Asked Questions

What is the average home price in Selma, NC 27576?

How have home prices in Selma, NC 27576 changed over the past year?

What is the home price projection for Selma, NC 27576?

What are the demographics of Selma, NC 27576?

How long does it take homes to sell in Selma, NC 27576?

What is the average rent price in Selma, NC 27576?