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Cheap Homes in Selma, IN

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Selma, IN Foreclosures

Current Market Conditions in in Selma, IN As of June 2026?
Home values: +2.49% MoM; rent: +0.00% MoM.
How much do homes sell for in Selma, IN?
The average home price is currently $269,954.
In Selma, IN, how many homes are available?
There are currently 20 active home listings available in Selma.
What’s the average rental cost in Selma, IN?
The average rental price in Selma is $1,187.
What is the most expensive home in Selma?
The most expensive home sold in Selma had a price of $2,451,000.
What is currently the cheapest priced home in Selma, IN?
The cheapest home for sale in Selma is priced at $13,666.

Living in Selma, IN

Selma, Indiana is a quiet small town east of Muncie with affordable housing, rural surroundings, nearby schools, and quick access to Prairie Creek Reservoir, Ball State University, and regional employment centers.

Buyer vs Seller Market in Selma, IN

Median home value: $232,025 as of 2026-05-14.

Median rent: $1,140 as of 2026-05-14.

Home values: +2.49% MoM, +6.72% YoY.

Rent: +0.00% MoM, -0.87% YoY.

Home Value Estimator For Selma, IN

There are currently 1,106 real estate properties in Selma, IN, with a median automated valuation model (AVM) price of $232,025.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Selma, IN, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Selma, IN, is $269,954.00, with the most expensive house in Selma, IN, topping out at $2,451,000.00 and the cheapest home in Selma, IN, clocking in at $13,666.00. In other words, there’s something for every potential homebuyer or savvy investor in Selma, IN!

Rent Prices In Selma, IN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Selma, IN, is on a rollercoaster ride. The average rent price in Selma, IN, is $1,187.00. Indeed, when looking to rent in Selma, IN, you can expect to pay as little as $500.00 or as much as $2,400.00, with the average rent median estimated to be $1,140.00. The good news is that finding an affordable and desirable property to rent in Selma, IN -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Cheap Homes in Selma, IN

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