Selma, CA—93662
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Selma, CA
As of Oct '25, the median home price in Selma, CA is $356,000, with a year-over-year change of 2.1%. This indicates that home prices in Selma, CA are increasing. 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 | $356,000 | 2.1% |
| Single Family | $358,000 | 2.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $252,000 | 1.2% |
3 Bed | $344,000 | 1.8% |
4 Bed | $402,000 | 1.8% |
| 5 Bed | $453,000 | 1.3% |
% of Housing Stock
Rental Trends — Selma, CA
As of July '25, Rentcast reports the average rent in Selma, CA is $2,000, with a year-over-year rent change of 11.7%. Per bedroom, the median rent as of July '25 in Selma, CA is 1-bedrooms: $1,600, 2-bedrooms: $1,400, 3-bedrooms: $2,250. The most common rental property sizes in Selma, CA are 3-bedroom and 2-bedroom, accounting for 41.0% and 40.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $2,000 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,600 | $1,600 |
| 2 Bed Rent | $1,400 | $1,400 |
| 3 Bed Rent | $2,300 | $2,250 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Selma, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Selma, CA is 46. This is a decrease of -8.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $396,000 | -11.0% |
Listing Count | 43 | 12.0% |
| Listings as % of Homes | 0.3% | 12.0% |
Days on Market | 46 | -8.0% |
Demographics — Selma, CA
As of the latest ACS Survey released in 2023, Selma, CA has a population of 29,500, which has decreased by -4.6% over the past 5 years. Selma, CA is a popular place for families, as children make up 25.2% of the population. The area has a poorly educated workforce, with 12.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 29,500 | -4.6% |
% Under 18 | 25.2% | -17.9% |
% Seniors | 12.5% | 17.9% |
% WFH | 4.8% | 65.5% |
% w/ College Degree | 12.6% | 24.8% |
As of the latest ACS Survey released in 2023, Selma, CA is a predominantly hispanic area, with 79.1% of the population identifying as hispanic. The hispanic population has shrunk by 2.2% in the last 5 years. The second most common race or ethnicity in Selma, CA is white, making up 14.5% of the population. Foreign-born residents account for 22.1% of the population in Selma, CA, and this percentage has decreased by 14.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 14.5% | 19.8% |
% Black | 0.9% | 0.0% |
% Hispanic | 79.1% | -2.2% |
% Asian | 3.2% | -27.3% |
% Foreign Born | 22.1% | -14.0% |
Mortgage and Risk — Selma, CA
According to HUD data as of 2023, there were 204 mortgage originations in Selma, CA, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Selma, CA. Investor activity is low, as 3.0% of loans were by investors. 20.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 204 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 20.0% |
Loan Activity
Rentals and Section 8 — Selma, CA
Selma, CA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 179 |
Total Units Section 8 | 179 |
% Rentals under Section 8 | 4.8% |
% Occupied Section 8 | 89.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$460 | $1,600 | $1,140 |
| 2 Bedroom | $10 | $1,400 | $1,410 |
| 3 Bedroom | -$320 | $2,300 | $1,980 |
| 4 Bedroom | N/A | N/A | $2,260 |
Affordability — Selma, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.6 |
| Median Home Price | $356,000 |
| Median Household Income | $56,700 |