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Selma, NC Real Estate


According to census data in the year 2000 there were 2,590 housing units in Selma. This represents a 30.3% growth from 1,987 in 1990.

Of those housing units, 2,570 were located in either urbanized areas or urban clusters, and 20 were located in what is classified as a rural area.

Homeownership rate in Selma is about 43.9%. Selma's vacancy rate, including seasonal lodging, is about 11.2%. Average household size is 2.54 people.

The majority of houses, apartments or condos in Selma were built after 1971.

Statistics

Housing Size

Housing Units by Size
Studio Type1.90%
One Bedroom17.50%
Two Bedrooms31%
Three Bedrooms42.50%
Four Bedrooms5.90%
Five Bedrooms or more1.20%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.34
Median year structure was built1970
Median Value of occupied units$71,000
Median Price asked for vacant units$79,900

Rented Homes, Apartments and Condos

Average Household Size2.7
Median year structure was built1971
Median Monthly Rent asked for vacant units$370

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage4.50%
Home Equity Loan4.50%
Simple Mortgage54.30%
Debt Free36.70%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs19.8%