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Selmer

Learn about the people, housing, costs and businesses in Selmer, Tennessee

Median Home$179,945
Median Rent$615/month
Population4,135
Leading IndustriesRetail · Public Administration · Information & Media28% retail
Home Value Growth⬆⬆+18.6% over 2 years
Young Adults26% of residents
Homeowners74% of occupied units
NotableAmenity Score67/100 · highly walkable area
Selmer
TN

Frequently Asked Questions

What are today's mortgage rates in Selmer?

As of today, the 30-year fixed mortgage rate for Selmer is approximately 7.039% (7.080% 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 Selmer?

The median home value in Selmer is $180k. The median monthly rent is $615. Annual property taxes average $752. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Selmer?

Home values in Selmer have increased 18.6% 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 Selmer?

Based on a typical all-in ownership cost of $660/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $28k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Selmer is $45k/year.

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What industries drive the economy in Selmer?

The largest employment sectors in Selmer are retail (28%) and public administration (27%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.