Selma, AL Real Estate
According to census data in the year 2000 there were 9,247 housing units in Selma.
This represents a 3.2% decline from 9,556 in 1990.
Of those housing units, 9,055 were located in either urbanized areas or urban clusters, and 192 were located in what is classified as a rural area.
Homeownership rate in Selma is about 52.9%.
Selma's vacancy rate, including seasonal lodging, is about 12%.
Average household size is 2.45 people.
The majority of houses, apartments or condos in Selma were built after 1963.
|Housing Units by Size|
|Five Bedrooms or more||2.30%|
Owned Homes, Apartments and Condos
|Average Household Size||2.45|
|Median year structure was built||1962|
|Median Value of occupied units||$61,600|
|Median Price asked for vacant units||$25,000|
Rented Homes, Apartments and Condos
|Average Household Size||2.44|
|Median year structure was built||1965|
|Median Monthly Rent asked for vacant units||$264|
Owners Finance Status
|Second Mortgage & Equity Loan||0%|
|Home Equity Loan||4%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||14.6%|