Selma, AL 36701 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Selma, AL—36701

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$91,000

7.7% YoY Growth

Household Income

$40,500

17.7% YoY Growth

Days on Market

1.0% Longer YoY

Home Price Forecast

-3.9%

Median Rent

$799

40.8% YoY Growth

1-Bed Rent

$550

10.1% YoY Growth

2-Bed Rent

$699

9.8% YoY Growth

3-Bed Rent

$799

55.6% YoY Growth

Home Price Trends — Selma, AL

As of Dec '25, the median home price in Selma, AL is $91,000, with a year-over-year change of -7.7%. This indicates that home prices in Selma, AL are decreasing. According to Zillow, the 1-year price projection is -3.9%, suggesting a decrease housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$91,000	-7.7%
Single Family	$91,000	-7.1%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Selma, AL

As of July '25, Rentcast reports the average rent in Selma, AL is $852, with a year-over-year rent change of -40.8%. Per bedroom, the median rent as of July '25 in Selma, AL is 1-bedrooms: $625, 2-bedrooms: $966, 3-bedrooms: $799, 4-bedrooms: $2,000. The most common rental property sizes in Selma, AL are 2-bedroom and 3-bedroom, accounting for 44.1% and 34.1% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$799	$852
Studio Rent	N/A	N/A
1 Bed Rent	$550	$625
2 Bed Rent	$699	$966
3 Bed Rent	$799	$799
4 Bed Rent	$2,000	$2,000

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% of Rental Stock

Studio

6.3%

1 Bedroom

8.2%

2 Bedrooms

44.1%

3 Bedrooms

34.1%

4 Bedrooms

7.2%

Property Listings — Selma, AL

As of Dec '25, Realtor.com reports that the median days on market for a home in Selma, AL is 98. This is a increase of 7.0% 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 9.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$150,000	12.0%
Listing Count	89	2.0%
Listings as % of Homes	0.5%	2.0%
Days on Market	90	1.0%

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Demographics — Selma, AL

As of the latest ACS Survey released in 2023, Selma, AL has a population of 22,400, which has increased by 5.0% over the past 5 years. Selma, AL is a moderately popular place for families, as children make up 24.8% of the population. The area has a poorly educated workforce, with 20.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.2% reporting working from home.

Metric	Latest Census	YoY % Change
Population	22,400	5.0%
% Under 18	24.8%	-0.8%
% Seniors	17.8%	1.1%
% WFH	4.2%	133.3%
% w/ College Degree	20.9%	14.2%

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As of the latest ACS Survey released in 2023, Selma, AL is a predominantly black area, with 69.4% of the population identifying as black. The black population has grown by 4.5% in the last 5 years. The second most common race or ethnicity in Selma, AL is white, making up 28.1% of the population. Foreign-born residents account for 2.2% of the population in Selma, AL, and this percentage has increased by 37.5% 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	28.1%	-10.5%
% Black	69.4%	4.5%
% Hispanic	1.5%	36.4%
% Asian	0.8%	-11.1%
% Foreign Born	2.2%	37.5%

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Mortgage and Risk — Selma, AL

According to HUD data as of 2023, there were 143 mortgage originations in Selma, AL, of which 61.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 39.0% above 90% LTV (very high). This implies large mortgage risk in Selma, AL. Investor activity is low, as 11.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	143
% Conventional Loans	61.0%
% Government Loans	39.0%
% Investor Loans	11.0%
% Second Loans	3.0%
% Cash Out Refinance	13.0%

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Rentals and Section 8 — Selma, AL

As of 2024, the percent of homes in Selma, AL under the Section 8 program is 27.1%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Selma, AL, because HUD payments exceed market rent, while 4-bedroom units do not.

Section 8 Market Size

Total Units under HUD	1,368
Total Units Section 8	904
% Rentals under Section 8	27.1%
% Occupied Section 8	73.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$280	$550	$830
2 Bedroom	$291	$699	$990
3 Bedroom	$451	$799	$1,250
4 Bedroom	-$420	$2,000	$1,580

Selma, AL—36701

Key Metrics at a Glance

Home Price Trends — Selma, AL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Selma, AL

% of Rental Stock

Property Listings — Selma, AL

Demographics — Selma, AL

Race and Ethnicity

Mortgage and Risk — Selma, AL

Mortgages

Rentals and Section 8 — Selma, AL

Section 8 Market Size

Section 8 Opportunity

Affordability — Selma, AL

Home Price to Income Ratio

Selma, AL — ZIP Code Boundary Map

Nearby ZIP Codes

Manila, AL

Jones, AL

Plantersville, AL

Marion Junction, AL

Dixie, AL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.5
Median Home Price	$91,000
Median Household Income	$40,500

Selma, AL—36701

Key Metrics at a Glance

Home Price Trends — Selma, AL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Selma, AL

% of Rental Stock

Property Listings — Selma, AL

Demographics — Selma, AL

Race and Ethnicity

Mortgage and Risk — Selma, AL

Mortgages

Rentals and Section 8 — Selma, AL

Section 8 Market Size

Section 8 Opportunity

Affordability — Selma, AL

Home Price to Income Ratio

Selma, AL — ZIP Code Boundary Map

Nearby ZIP Codes

Manila, AL

Jones, AL

Plantersville, AL

Marion Junction, AL

Dixie, AL

Frequently Asked Questions

What is the average home price in Selma, AL 36701?

How have home prices in Selma, AL 36701 changed over the past year?

What is the home price projection for Selma, AL 36701?

What are the demographics of Selma, AL 36701?

How long does it take homes to sell in Selma, AL 36701?

What is the average rent price in Selma, AL 36701?