The story of this market
The typical home in ZIP 36702 sells for about $113,700, or $75 per square foot.
Prices are up +54.8% from a year ago, so sellers still have some momentum. Homes take about 87 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $950 a month.
ZIP 36702 — Selma
The Selma housing market is characterized by high affordability and a measured supply of inventory. Prices have shown significant year-over-year volatility, though the market remains steadily active with a median sale price of $113,700.
This area is primarily suited for local residents and budget-conscious buyers seeking affordable housing options within the Selma micropolitan core.
Median prices moved up 54.8% year over year.
Homes spend a median of 87 days on market with 0.0 months of supply — a slower-moving market.
0% of listings have cut prices · homes sell at 97% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 14.0% · poverty 0.0% — a mixed stability profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 36702, Selma, Alabama
The area is served by the Selma City School District, which manages local public education.
The local economy is centered on the Selma micropolitan area, with development momentum tied to regional agricultural and service-sector stability.
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 average commute time for residents is approximately 24.7 minutes, reflecting local travel patterns within the Selma micropolitan area.
Selma offers access to historical sites, local parks, and community-focused recreational facilities within the city limits.
The rental market shows stable pricing with a median rent of $950, though inventory remains limited.
The economy is driven by the Selma micropolitan area, with a mix of local government, education, and service-sector employment.
Transportation is primarily highway-based, serving the central Alabama region.
The Dallas County appraisal district manages property assessments for the region.
Parcels are served by the Selma City School District.
Data sourced from Zips.us.com and Census profiles for Selma, AL.
A significant historic site in Selma built in 1901.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.