What is the average home price in Selma, IN 47383?

As of May '26, the median home price in Selma, IN 47383 is $250,000, based on Zillow home estimates.

How have home prices in Selma, IN 47383 changed over the past year?

As of May '26, home prices have increased 5.7% over the past year, according to Zillow home estimates data.

What is the home price projection for Selma, IN 47383?

As of May '26, Zillow projects home prices in Selma, IN 47383 to increase 3.2% in the next year.

What are the demographics of Selma, IN 47383?

According to the latest Census, the demographics of Selma, IN 47383 are 95.3% White, 0.0% Black, 0.0% Asian, 1.5% Hispanic. The population is 2,560, with 27.5% under 18 years old.

How long does it take homes to sell in Selma, IN 47383?

According to Realtor.com, as of May '26, the median home in Selma, IN 47383 is on the market for 22 days. This is an increase of 95.0% from last year.

What is the average rent price in Selma, IN 47383?

The average rent price in Selma, IN 47383, as of the latest data, is $1,340. The average rent for 1 bedroom homes is N/A. For 2, 3, and 4 bedroom homes, the average rent is N/A, $1,340, and N/A respectively.

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Selma, IN—47383

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$250,000

5.7% YoY Growth

Household Income

$59,700

4.2% YoY Growth

Days on Market

95.0% Longer YoY

Home Price Forecast

3.2%

Median Rent

$1,340

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

$1,340

N/A

Home Price Trends — Selma, IN

As of May '26, the median home price in Selma, IN is $250,000, with a year-over-year change of 5.7%. This indicates that home prices in Selma, IN are increasing. According to Zillow, the 1-year price projection is 3.2%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$250,000	5.7%
Single Family	$250,000	6.4%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$379,000	77.0%
Listing Count	5	-21.0%
Listings as % of Homes	0.5%	-21.0%
Days on Market	22	95.0%

Metric	Latest Census	YoY % Change
Population	2,560	-17.2%
% Under 18	27.5%	46.3%
% Seniors	22.6%	58.0%
% WFH	1.1%	-90.4%
% w/ College Degree	19.7%	-4.4%

Metric	Zip Code Average
Total Loan Originations	130
% Conventional Loans	80.0%
% Government Loans	20.0%
% Investor Loans	1.0%
% Second Loans	0.0%
% Cash Out Refinance	22.0%

Total Units under HUD	5
Total Units Section 8	5
% Rentals under Section 8	4.4%
% Occupied Section 8	N/A

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$870
2 Bedroom	N/A	N/A	$1,070
3 Bedroom	$60	$1,340	$1,400
4 Bedroom	N/A	N/A	$1,630

Selma, IN—47383

Key Metrics at a Glance

Home Price Trends — Selma, IN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Selma, IN

% of Rental Stock

Property Listings — Selma, IN

Demographics — Selma, IN

Race and Ethnicity

Mortgage and Risk — Selma, IN

Mortgages

Rentals and Section 8 — Selma, IN

Section 8 Market Size

Section 8 Opportunity

Affordability — Selma, IN

Home Price to Income Ratio

Selma, IN — ZIP Code Boundary Map

Nearby ZIP Codes

Parker City, IN

Muncie, IN

Losantville, IN

Albany, IN

Muncie, IN

Frequently Asked Questions

Type	Median Rent	Average Rent
Average Rent	$1,340	$1,340
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	N/A	N/A
3 Bed Rent	$1,340	$1,340
4 Bed Rent	N/A	N/A

Metric	Latest Census	5-Year % Change
% White	95.3%	-0.6%
% Black	0.0%	-100.0%
% Hispanic	1.5%	-53.1%
% Asian	0.0%	N/A
% Foreign Born	0.2%	-90.9%

Metric	Zip Code Average
Home Price to Income Ratio	3.4
Median Home Price	$250,000
Median Household Income	$59,700