Selma, IN Real Estate
According to census data in the year 2000 there were 361 housing units in Selma.
This represents a 18.4% growth from 305 in 1990.
Of those housing units, 361 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Selma is about 77.4%.
Selma's vacancy rate, including seasonal lodging, is about 6.6%.
Average household size is 2.61 people.
The majority of houses, apartments or condos in Selma were built after 1954.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 5.30% |
| Two Bedrooms | 29.10% |
| Three Bedrooms | 50.40% |
| Four Bedrooms | 13.90% |
| Five Bedrooms or more | 1.40% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.53 |
| Median year structure was built | 1952 |
| Median Value of occupied units | $76,200 |
| Median Price asked for vacant units | $75,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.88 |
| Median year structure was built | 1956 |
| Median Monthly Rent asked for vacant units | $575 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 8.90% |
| Home Equity Loan | 4.20% |
| Simple Mortgage | 54.40% |
| Debt Free | 32.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.2% |
