Selma, OR—97538
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Selma, OR
As of Oct '25, the median home price in Selma, OR is $317,000, with a year-over-year change of -3.4%. This indicates that home prices in Selma, OR are decreasing. According to Zillow, the 1-year price projection is -2.3%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $317,000 | -3.4% |
| Single Family | $317,000 | -4.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Selma, OR
Selma, OR lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Selma, OR
As of Oct '25, Realtor.com reports that the median days on market for a home in Selma, OR is 71. This is a increase of 5.0% 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 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $724,000 | 61.0% |
Listing Count | 20 | 43.0% |
| Listings as % of Homes | 1.7% | 43.0% |
Days on Market | 71 | 5.0% |
Demographics — Selma, OR
As of the latest ACS Survey released in 2023, Selma, OR has a population of 1,830, which has increased by 11.0% over the past 5 years. Selma, OR is a moderately popular place for families, as children make up 24.0% of the population. The area has a poorly educated workforce, with 16.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,830 | 11.0% |
% Under 18 | 24.0% | 89.0% |
% Seniors | 19.0% | -47.5% |
% WFH | 5.5% | -21.4% |
% w/ College Degree | 16.7% | 56.1% |
As of the latest ACS Survey released in 2023, Selma, OR is a predominantly white area, with 92.2% of the population identifying as white. The white population has grown by 2.1% in the last 5 years. The second most common race or ethnicity in Selma, OR is asian, making up 1.7% of the population. Foreign-born residents account for 3.4% of the population in Selma, OR, and this percentage has increased by 6.2% 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 | 92.2% | 2.1% |
% Black | 0.0% | -100.0% |
% Hispanic | 1.0% | -69.7% |
% Asian | 1.7% | 6.2% |
% Foreign Born | 3.4% | 6.2% |
Mortgage and Risk — Selma, OR
According to HUD data as of 2023, there were 49 mortgage originations in Selma, OR, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Selma, OR. Investor activity is low, as 2.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 49 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 2.0% |
% Second Loans | 8.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Selma, OR
Selma, OR lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 4 |
Total Units Section 8 | 4 |
% Rentals under Section 8 | 2.3% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,070 |
| 2 Bedroom | N/A | N/A | $1,410 |
| 3 Bedroom | N/A | N/A | $1,970 |
| 4 Bedroom | N/A | N/A | $2,040 |
Affordability — Selma, OR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.5 |
| Median Home Price | $317,000 |
| Median Household Income | $43,700 |