Market Overview
Home Prices in Selmer, TN
The median home value in Selmer, TN is $165,201 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3% compared to a year ago and up 0.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Selmer are priced60% below average.
Over the past five years, Selmer home values have risen by approximately33.0%, reflecting strong long-term appreciation in this market.
Price History
Selmer Home Price Trend
2020
$109,355
$109K
—
2021
$124,250
$124K
+13.6%
2022
$148,152
$148K
+19.2%
2023
$151,857
$152K
+2.5%
2024
$159,981
$160K
+5.3%
2025
$160,425
$160K
+0.3%
2026
$165,201
$165K
+3.0%
City Comparison
Selmer vs. National Median
🏠 Selmer
$165,201
National Median
$410,000
At $165,201, homes in Selmer cost 60% below the national median of $410,000. This makes Selmer a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Selmer?
20% Down Payment
$33,040
on $165,201
Monthly P&I
$862/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,095/mo
incl. taxes & insurance
Income Needed
$43,800
gross annual (30% rule)
10% Down Option
$16,520
+ PMI applies
Loan Amount (20% dn)
$132,161
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 Selmer, TN?
The median home value in Selmer is $165,201 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3% year-over-year.
How much have home prices changed in Selmer?
Over the past year, home values in Selmer have increased by 3%. Over five years, prices have risen approximately 33.0%.
How much do I need to earn to buy a home in Selmer?
To comfortably afford the median home price of $165,201 with a 20% down payment ($33,040) at today's rates (6.8%), you'd need a gross annual income of approximately $43,800. This assumes keeping total housing costs at or below 30% of gross income.
How does Selmer compare to the national average home price?
The national median home value is approximately $410,000. At $165,201, homes in Selmer are 60% below the national average.