Rent to own Homes in Selma, CA
Selma, California, in Fresno County, was founded in 1893, as the Central Pacific Railroad brought settlers to the area. Legend has it that the city was named for the beautiful Selma Gruenberg Lewis, with whom Governor Leland Stanford was enamored. The area's fertile lands lend themselves well to fruit farming, especially grape farming. Ninety percent of U.S. raisins are produced within 8 miles of Selma, earning it the title of Raisin Capital of the World.
Selma, CA is a great place for affordable rent-to-own homes! With a median household income of over $42,059 and a median rent of $934, the Selma, CA rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Selma, CA. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Selma, CA Property Resources
Rent to own Homes in Cities Near Selma, CA
- Auberry
- Biola
- Bonadelle Ranchos
- Bonadelle Ranchos-Madera Ranchos
- Bowles
- Calwa
- Caruthers
- Centerville
- Clovis
- Del Rey
- Easton
- Fort Washington
- Fowler
- Fresno
- Friant
- Kerman
- Kingsburg
- La Vina
- Madera
- Madera Acres
- Madera Ranchos
- Malaga
- Mayfair
- Millerton
- Minkler
- Monmouth
- Old Fig Garden
- O Neals
- Parksdale
- Parkwood
- Parlier
- Prather
- Raisin City
- Raymond
- Reedley
- Sanger
- Selma
- Sunnyside
- Tarpey Village
- Tollhouse
- West Park
- Yosemite Lakes
Neighborhoods in Selma, CA
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Selma, CA is seeing rapid growth and Selma, CA's' housing market remains optimal with an average home price that is -10% below the 2024 national average. Selma, CA is part of Fresno county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Fresno is 0.65% which is below the national average, which is 0.99%.
Median Home Price in Selma, CA
Median Rent in Selma, CA
Top 4 Reasons To Live In Selma, CA
Growing strong and steady! The population of Selma has increased by over 22% in the past 10 years and continues to increase as people are attracted by the local economy. Business is booming here, from great restaurants like Sal's Mexican Restaurant to mom and pop stores like Sierra Garage Door Repair Services. For those who are interested in moving to Selma, right now low median home prices are making homeownership here even attractive, and there is still a variety of housing available, from condos to single family homes to rent to own houses.
Putting in a hard day's work! The main industries here are agriculture, manufacturing, healthcare and retail. The people who live in Selma tend to work in Selma, with only 10% of residents working elsewhere. Another big draw to the area is that the cost of living is also lower than in the state as a whole.
Rising house prices! The average price of home sales has risen 41% in the past two years, and it shows no time of slowing anytime soon. With a strong community, attractive job market, and plentiful set of homes to choose from, now is a great time to find that right house. The Monmouth and Wineland neighborhoods are some of the highest appreciating neighborhoods in Selma right now. Get property soon and watch its value rise!
Arts and culture! Selma has more to offer than just raisins! The award-winning Selma Arts Center, designed by architect Arthur Dyson, opened in August of 2013. It supports several productions a year, and gets the community involved through programs such as the Cool Kid Players, to promote a love of theater in children, and Art in the Park. For history buffs, there's Pioneer Village on Art Gonzales Parkway. It consists of 15 acres of parkland with beautifully preserved historical buildings from the 1880's, including Selma's first schoolhouse, and gives visitors a glimpse of what life here was like in the early days.