Selma, NC Real Estate
According to census data in the year 2000 there were 2,590 housing units in Selma.
This represents a 30.3% growth from 1,987 in 1990.
Of those housing units, 2,570 were located in either urbanized areas or urban clusters, and 20 were located in what is classified as a rural area.
Homeownership rate in Selma is about 43.9%.
Selma's vacancy rate, including seasonal lodging, is about 11.2%.
Average household size is 2.54 people.
The majority of houses, apartments or condos in Selma were built after 1971.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.90% |
| One Bedroom | 17.50% |
| Two Bedrooms | 31% |
| Three Bedrooms | 42.50% |
| Four Bedrooms | 5.90% |
| Five Bedrooms or more | 1.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.34 |
| Median year structure was built | 1970 |
| Median Value of occupied units | $71,000 |
| Median Price asked for vacant units | $79,900 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.7 |
| Median year structure was built | 1971 |
| Median Monthly Rent asked for vacant units | $370 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 4.50% |
| Home Equity Loan | 4.50% |
| Simple Mortgage | 54.30% |
| Debt Free | 36.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.8% |
