Quick facts: Selma, CA

Quick Facts

127.6
Cost of Living
above US average
24,430
Population
28.24
Crime Rate per 1000
above US average
$53,874
Median Income
below US average
$445,000
Median House Price
above US average
$2300.0
Average Rent
above US average
20%
Poverty Rate
above US average
6.5%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $53,874.

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Income Needed to Buy

βœ— Stretch
$140k/year
Based on $445,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $140k vs median $53,874
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Income Needed to Rent

⚠ Stretch
$99k/year
Based on $2300.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $99k vs median $53,874
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Selma, CA

Selma, California, located in Fresno County, is a small city known for its rich agricultural roots and tight-knit community. Nestled in the heart of the San Joaquin Valley, Selma is surrounded by farmland, particularly prominent for its vineyards and fruit orchards, contributing to the region's status as a significant agricultural hub. With a population of around 24,000, Selma boasts a diverse community and a welcoming atmosphere. The city has various amenities, including parks, schools, and local shops, contributing to its small-town charm. One of the notable landmarks is the Selma Arts and Culture Center, which integrates community art and cultural programs. The city hosts several events throughout the year, including the Selma Cherry Festival, celebrating the local cherry harvest and offering entertainment for the entire family. Selma's location provides easy access to larger cities like Fresno and Visalia, allowing residents to enjoy the benefits of a quieter lifestyle while still being close to urban conveniences. Overall, Selma is a vibrant community cherishing its agricultural heritage while embracing growth and development.

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