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Selmont-West Selmont

Learn about the people, housing, costs and businesses in Selmont-West Selmont, Alabama

Median Home$72,702
Median Rent$821/month
Population2,238
Leading IndustriesHealthcare · Retail · Manufacturing21% healthcare
Home Value Growth⬆⬆+14.7% over 2 years
Young Adults29% of residentsslightly above average
Homeowners74% of occupied units
NotableTransit84/100 · excellent transit access
NotableAffordable Market$73k median home · lower cost than 98% of the country
Selmont-West Selmont
AL

Explore Selmont-West Selmont

Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Selmont-West Selmont?

As of today, the 30-year fixed mortgage rate for Selmont-West Selmont is approximately 6.950% (6.991% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Selmont-West Selmont
What is the median home price in Selmont-West Selmont?

The median home value in Selmont-West Selmont is $73k. The median monthly rent is $821. Annual property taxes average $226. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Selmont-West Selmont?

Home values in Selmont-West Selmont have increased 14.7% 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 Selmont-West Selmont?

Based on a typical all-in ownership cost of $518/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $22k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Selmont-West Selmont is $33k/year.

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What industries drive the economy in Selmont-West Selmont?

The largest employment sectors in Selmont-West Selmont are retail (22%) and healthcare (21%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.