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.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.40% |
| One Bedroom | 12.10% |
| Two Bedrooms | 30.20% |
| Three Bedrooms | 43.60% |
| Four Bedrooms | 10.30% |
| 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
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 5.30% |
| Home Equity Loan | 4% |
| Simple Mortgage | 42.90% |
| Debt Free | 47.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.6% |
