Market Overview
Home Prices in Selma, AL
The median home value in Selma, AL is $79,586 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.2% compared to a year ago and down 7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Selma are priced81% below average. Selma is part of the Selma, AL metro area.
Over the past five years, Selma home values have fallen by approximately3.8%, reflecting softening conditions in this market.
Price History
Selma Home Price Trend
2020
$76,612
$77K
—
2021
$82,715
$83K
+8.0%
2022
$79,795
$80K
-3.5%
2023
$82,536
$83K
+3.4%
2024
$81,377
$81K
-1.4%
2025
$75,681
$76K
-7.0%
2026
$79,586
$80K
+5.2%
City Comparison
Selma vs. National Median
🏠 Selma
$79,586
National Median
$410,000
At $79,586, homes in Selma cost 81% below the national median of $410,000. This makes Selma a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Selma?
20% Down Payment
$15,917
on $79,586
Monthly P&I
$415/mo
30-yr @ 6.8%
Total Monthly Est.
~$527/mo
incl. taxes & insurance
Income Needed
$21,080
gross annual (30% rule)
10% Down Option
$7,959
+ PMI applies
Loan Amount (20% dn)
$63,669
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Selma, AL?
The median home value in Selma is $79,586 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.2% year-over-year.
How much have home prices changed in Selma?
Over the past year, home values in Selma have increased by 5.2%. Over five years, prices have fallen approximately 3.8%.
How much do I need to earn to buy a home in Selma?
To comfortably afford the median home price of $79,586 with a 20% down payment ($15,917) at today's rates (6.8%), you'd need a gross annual income of approximately $21,080. This assumes keeping total housing costs at or below 30% of gross income.
How does Selma compare to the national average home price?
The national median home value is approximately $410,000. At $79,586, homes in Selma are 81% below the national average.
What metro area is Selma part of?
Selma is part of the Selma, AL metropolitan area. Home prices and market conditions can vary across the broader metro region.