Home Values

Selma Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$145,900

  • 10.1% 1-year change
  • None 1-year forecast

The median home value in Selma is $145,900. Selma home values have gone up 10.1% over the past year. The median price of homes currently listed in Selma is $265,000.

Foreclosures will be a factor impacting home values in the next several years. In Selma 35.1 homes are foreclosed (per 10,000). This is greater than the national value of 4.5

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Selma is 11.1%, which is higher than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Selma homeowners underwater on their mortgage is 15.9%.

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Relative ZHVI
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Selma Market Overview

Data through Oct 31, 2014
  • $145,900 ZHVI
  • No data 1-yr forecast
  • $265,000 Median listing price
  • No data Median sale price
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Selma Market Health

Data through Oct 31, 2014
  • No recent data
  • No data Average days on Zillow
  • 15.9% Homes with negative equity (17.0% US Avg) (Mar 31, 2014)
  • 11.1% Delinquent on mortgage (6.9% US Avg) (Mar 31, 2014)

Homes foreclosed (per 10,000)

35.1 homes(Sep 30, 2014) Selma
4.5 homes United States
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Nearby Cities

Name Median ZHVI
Jacksonville $339,000
Merlin $245,000
Williams $234,800
Name Median ZHVI
Grants Pass $195,000
Rogue River $173,100
Wolf Creek $148,300
Name Median ZHVI
Cave Junction $138,400
Happy Camp $131,500
Glendale $90,200

Listings & Sales

Data through Oct 31, 2014
  • $162 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 41.7% Listings with price cut
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Selma Rentals

Data through Oct 31, 2014
  • Zillow Rent Index

  • $931 Selma
    $1,092 Grants Pass Metro
    $1,337 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.0 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No data Rent list price
  • No data Rent list price / sq ft
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