The story of this market
The typical home in ZIP 36701 sells for about $132,000, or $75 per square foot.
Prices are roughly flat from a year ago (0%), a market in balance. Homes take about 93 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $727 a month.
ZIP 36701 — Selma
The housing market in 36701 is characterized by low inventory and stable, affordable pricing. Market activity remains measured with homes selling in a median of 93 days, reflecting a balanced environment for local buyers.
This ZIP is primarily suited for local workers and budget-conscious buyers seeking affordable housing options in a historic, small-city environment.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 93 days on market with 0.0 months of supply — a slower-moving market.
0% of listings have cut prices · homes sell at 93.64% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 11.4% · poverty 29.1% — elevated distress and economic pressure.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 36701
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Public schools in the area include Selma High School and Southside High School, with mixed performance metrics reported in district data.
The area is subject to regional climate risks including severe storms and flooding common to central Alabama.
Economic momentum is driven by local government, education, and healthcare sectors, though large-scale industrial development remains limited.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Alabama) — Standard State Ad Valorem Homestead Exemption: Exempts up to $4,000 in assessed valuation from the 6.5 mill state ad valorem tax levy (providing a maximum direct state tax reduction of $26.00). Formula: Adjusted State Tax = Max(0, (Assessed Value - $4,000)) × 0.0065. State (Alabama) — Statewide Ad Valorem Property Tax and Class III Residential Assessment Ratio: Establishes a baseline 6.5 statewide millage rate ($0.0065 per dollar of assessed value) under Ala. Code § 40-8-1 and the Alabama Constitution.
The mean travel time to work is approximately 24.4 minutes, reflecting a largely local commute within the Selma micro area.
The area features local parks and proximity to the Alabama River, with basic shopping and dining concentrated in the city of Selma.
The rental market is characterized by moderate demand with a median rent of $950, serving a population with a significant renter share.
The economy is anchored by public sector employment, education, and regional healthcare services.
Transportation is primarily automobile-dependent with limited public transit infrastructure.
Development activity is currently focused on small-scale residential and community infrastructure improvements.
The Dallas County appraisal district manages assessments based on annual market value updates.
Parcels are subject to Dallas County and Selma City school district tax levies.
Property insurance premiums are influenced by regional exposure to severe weather events.
Data retrieved from Census Reporter and ACS 5-year profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Major regional waterway providing recreational access.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.