Selma, NC housing market
The typical Selma home is worth about $273,000, up 0.6% in a year, 18% below the North Carolina typical home. Homes typically sell in 18 days, below asking.
Home values, sales, trends and how Selma compares with the towns next door — updated as new data is published.
Selma at a glance
A seller's market
Supply is tight — about 3 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Typical home value, 2016–2026
Show as a table
| January | Selma | North Carolina |
|---|---|---|
| 2017 | $128,000 | $179,000 |
| 2018 | $139,000 | $190,000 |
| 2019 | $153,000 | $203,000 |
| 2020 | $167,000 | $215,000 |
| 2021 | $204,000 | $242,000 |
| 2022 | $236,000 | $287,000 |
| 2023 | $261,000 | $320,000 |
| 2024 | $276,000 | $332,000 |
| 2025 | $278,000 | $338,000 |
| 2026 | $272,000 | $336,000 |
| August 2026 | $273,000 | $335,000 |
No new homes permitted in 2015
No permits for new homes were issued in Selma in 2015. The last year with any was 2014 (2 new homes).
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2015 | 0 | 0 | 0 | — |
| 2014 | 2 | 2 | 0 | $276,000 |
| 2013 | 4 | 4 | 0 | $978,000 |
| 2012 | 1 | 1 | 0 | $98,000 |
| 2011 | 4 | 4 | 0 | $200,000 |
| 2010 | 0 | 0 | 0 | — |
| 2009 | 3 | 3 | 0 | $180,000 |
| 2008 | 9 | 0 | 9 | $420,000 |
| 2007 | 9 | 9 | 0 | $650,000 |
| 2006 | 21 | 21 | 0 | $1.3 million |
| 2005 | 39 | 17 | 22 | $2.4 million |
| 2004 | 16 | 12 | 4 | $1 million |
| 2003 | 40 | 35 | 5 | $2.6 million |
| 2002 | 31 | 25 | 6 | $1.3 million |
| 2001 | 2 | 0 | 2 | $75,000 |
| 2000 | 51 | 20 | 31 | $2.5 million |
Selma's permit office didn't report to the Census in 2015, so the 2015 figures are Census estimates.
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey.
Selma and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2015 | Median income |
|---|---|---|---|---|---|
| Selma | $273K | +0.6% | $1,350 | 0 | $41,368 |
| Smithfield | $291K | −0.3% | $1,350 | — | $43,270 |
| Pine Level | — | — | $1,350 | — | $75,263 |
6.6 years of income
The typical Selma home costs about 6.6 years of the town's median household income, more than across North Carolina (4.6 years).
How Selma ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,350
HUD's Fair Market Rent for a two-bedroom in Selma is $1,350 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Selma pay a median of $820, so moving in tends to cost more than staying put. A two-bedroom takes about 39% of the town's median household income, above the 30% guideline for affordable housing.
Studio $1,170 · 4 bedrooms $2,200
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (27576, 27577; Raleigh-Cary, NC MSA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Recent listings in Selma
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.