Selma: Housing & Real Estate
Housing in Selma centers on a median value of $93,100 (estimated market value runs 17% higher at $108,661), with median rent $-666,666,666. Homeownership rate: 100.0%. That's 1.4× below the Alleghany County median ($125,800); 4.1× below the Virginia median ($383,700). Market is cold. Vacancy rate 18.7%. A municipal building code is in effect.
- -0.0× annual income — home value vs. household income (vs Virginia 4.1×).
- 4-BR rent is 1.8× a studio — rent gradient by unit size.
Home Values & Rent
Median home value $93,100 — 0.2× the Virginia median ($382,500). Median rent $-666,666,666/month. homeownership rate 100.0% — above the U.S. share of ~65%.
| Affordability · Home Price To Income | 1.6× |
|---|---|
| Affordability · Home Affordability | affordable |
| Affordability · Poverty Rate | 34.2% |
| Affordability · Property Tax Pct Income | 1.0% |
| Fair Market Rent · Studio rent | $773 (vs Virginia $1,492) |
| Fair Market Rent · One-bedroom rent | $778 (vs Virginia $1,512) |
| Fair Market Rent · Two-bedroom rent | $914 (vs Virginia $1,713) |
| Fair Market Rent · Three-bedroom rent | $1,259 (vs Virginia $2,376) |
| Fair Market Rent · Four-bedroom rent | $1,358 (vs Virginia $2,797) |
| Fair Market Rent · HUD FMR area | Alleghany County-Clifton Forge city-Covington city, VA HUD Nonmet |
| Fair Market Rent · Fiscal year | FY2026 |
| Home Value Estimate | $108,661 |
| Median Home Value | $93,100 (vs Virginia $382,500) |
| Median Rent | $-666,666,666 (vs Virginia $1,714) |
Sources: HUD FMR FY2026 · Census ACS 5-Year 2023, B25077 · Census ACS 5-Year 2023 · Refreshed 2026-04-12
Tenure & Occupancy
Owner-occupied vs renter-occupied housing units, plus vacancy rates.
| Housing Market · Market temperature | cold |
|---|---|
| Housing Market · Vacancy rate | 18.7% |
| Housing Market · Price Appreciation 2Yr | -3.9% |
Utilities
Electricity, water, and broadband infrastructure serving residents. Broadband percentages reflect the share of premises that can subscribe to service at the listed speed (FCC Form 477).
Systems (3)
| Broadband · % of premises with 25/3 Mbps broadband | 100.0% (at Virginia median) |
|---|---|
| Broadband · % of premises with 100/20 Mbps broadband | 100.0% (at Virginia median) |
| Broadband · % of premises with 250/25 Mbps broadband | 100.0% (at Virginia median) |
| Broadband · % of premises with 1 Gbps / 100 Mbps broadband | 99.6% (vs Virginia 49.4%) |
| Broadband · Broadband-capable premises | 250 |
| Electricity · Electricity rate (¢/kWh) | 14.41¢/kWh |
| Electricity · Customers | 3654481 |
| Electricity · Revenue Millions | $6,524 |
| Electricity · Year | 2024 |
| Mobile Broadband · 3G mobile coverage | 0.000000000 |
| Mobile Broadband · 4G mobile coverage | 1.000000000 (at Virginia median) |
| Mobile Broadband · 5G mobile coverage | 1.000000000 (at Virginia median) |
| Mobile Home Parks Detail · County total | 3 |
Sources: FCC BDC Jun 2025 · EIA Annual Retail Sales 2023 · FCC BDC Mobile 2024 · HIFLD / IRS BMF · Refreshed 2026-04-12
Other
| Homeownership Rate | 100.0% (vs Virginia 64.4%) |
|---|---|
| Median Year Built | 1941 |
Sources: Census ACS 5-Year 2023 · Refreshed 2026-04-12