Selma, NC—27576
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Selma, NC
As of Oct '25, the median home price in Selma, NC is $265,000, 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 0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $265,000 | -2.2% |
| Single Family | $265,000 | -2.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $156,000 | -6.0% |
3 Bed | $274,000 | -2.1% |
4 Bed | $365,000 | -0.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Selma, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Selma, NC is 97. This is a increase of 32.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $341,000 | -3.0% |
Listing Count | 139 | 84.0% |
| Listings as % of Homes | 1.5% | 84.0% |
Days on Market | 97 | 32.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Selma, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $265,000 |
| Median Household Income | $62,000 |