Foreclosure Homes in Selma, VA

Current Market Conditions in Selma, VA

The real estate market in Selma has shown steady growth over the past year, with home prices increasing at a moderate pace as demand rises among buyers looking for affordable housing options outside of urban areas. The lower cost of living compared to nearby towns makes it an attractive option.

There is a notable increase in interest from first-time home buyers and retirees, looking for a serene environment close to nature amenities. Homes in Selma tend to sell quickly, indicating a healthy competitive market.

Rent Prices In Selma, VA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Selma, VA, is on a rollercoaster ride. The average rent price in Selma, VA, is $812.00. Indeed, when looking to rent in Selma, VA, you can expect to pay as little as $460.00 or as much as $1,270.00, with the average rent median estimated to be $790.00. The good news is that finding an affordable and desirable property to rent in Selma, VA -- 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.