Selma, AL

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

Performance indicators for the Selma short-term rental market based on reliable data.

Listings

48 / 83

Reliable / Active

Cap Rate

28%

Middle-Earners Gross Yield

Revenue

$21,095

Middle-Earners Revenue

Occupancy

54%

Middle-Earners Occupancy

Home Value

$74,847

Median Home Sale Price

Top Earners

$40,186

Top-Earners Revenue

Selma

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Selma.

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C

Challenging to Investors

Selma Regulations

The documents pertain to Selma, California, not Selma, Alabama, so Alabama’s rules are unknown; in the provided CA materials STRs are allowed with a Director Review and Approval process, parking and safety documentation, and no visible caps, but administrative review and required compliance create moderate cost and process complexity that can deter some investors.

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About Selma

Selma is a city in and the county seat of Dallas County, in the Black Belt region of south central Alabama and extending to the west. Located on the banks of the Alabama River, the city has a population of 17,971 as of the 2020 census. About 80% of the population is African-American. Selma was a trading center and market town during the antebellum years of King Cotton in the South. It was also an important armaments-manufacturing and iron shipbuilding center for the Confederacy during the Civil War, surrounded by miles of earthen fortifications. The Confederate forces were defeated during the Battle of Selma, in the final full month of the war. In modern times, the city is best known for the 1960s civil rights movement and the Selma to Montgomery marches, beginning with "Bloody Sunday" in March 1965, when unarmed peaceful protesters were assaulted by County and state highway police. By the end of March 1965, an estimated 25,000 people entered Montgomery to press for voting rights. This activism generated national attention for social justice. That summer, the Voting Rights Act of 1965 was passed by Congress to authorize federal oversight and enforcement of constitutional rights of all American citizens. Due to agriculture and industry decline, Selma has lost about a third of its peak population since the 1960s. The city is focusing on heritage tourism, to build on its role as a major influence in civil rights and desegregation. Selma is one of Alabama's poorest cities, with an average income of $35,500, which is 30% less than the state average. One in every three residents in Selma lives below the state poverty line.

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