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Selma

Learn about the people, housing, costs and businesses in Selma, California

Median Home$287,229
Median Rent$1,288/month
Population24,186
Leading IndustriesConstruction · Agriculture & Mining · Transportation12% construction
Home Value Growth⬆⬆+12.5% over 2 years
Young Adults33% of residentswell above average
Homeowners59% of occupied units
Selma
CA

Frequently Asked Questions

What are today's mortgage rates in Selma?

As of today, the 30-year fixed mortgage rate for Selma is approximately 6.913% (6.950% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Selma?

The median home value in Selma is $287k. The median monthly rent is $1,288. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Selma?

Home values in Selma have increased 12.5% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Selma?

Based on a typical all-in ownership cost of $1,215/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $52k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Selma is $65k/year.

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What industries drive the economy in Selma?

The largest employment sectors in Selma are public administration (23%) and agriculture and mining (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.