Commercial Real Estate Market in Selma, AL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
69 active listings and 1,158 off-market properties in Selma, AL.
Market Trends
Selma, AL spans 402.2 square miles in Dallas County, Alabama. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Selma, AL runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail vacancy in Selma, AL runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Selma, AL runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily vacancy in Selma, AL runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 67%
- Industrial 23.5%
- Commercial 8.3%
Largest Zones share of zoned land by district
Residence
Residence
Light Industrial
Heavy Industrial
Residence
Selma, AL zones 9,001 acres across 18 districts. Commercial zoning covers 8.3% of zoned land, residential 67% and industrial 23.5%. The largest single district is Residence at 33.4%. For commercial buyers the practical constraint is that only 31.8% of land carries a commercial or industrial designation.
Residence (R-75)
The purpose of this zone is to promote single family residences
Market overview
Demographics & Economy
Selma, AL has 33,202 residents in 16,051 households. Density runs 83 people per square mile. Median household income here is $36,795 and median gross rent $783 a month.
33,202
Population
16,051
Households
2.1
Avg Household Size
42
Median Age
17%
College-Educated
88%
High-School Grad
402.2 sq mi
ZIP Area
83
Density / Sq Mi
$36,795
Median Household Income
$30,261
Median Earnings
$783
Median Rent
$98,043
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Valley Grande | — | — |
| Marion Junction | — | — |
| Benton | — | — |
| Sardis | — | — |
Commercial property in Selma, AL asks $67/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Selma?
Commercial property in Selma, AL asks an average of $67 per square foot. The 6 most recent recorded sales traded at a median of $39/SF, so asking sits 73% above the achieved median.
What zoning applies to commercial property in Selma?
Selma, AL zones 9,001 acres across 18 districts, of which 8.3% is commercial and 23.5% industrial. The largest single district is Residence at 33.4% of zoned land. The purpose of this zone is to promote single family residences Residential zoning covers 67% and open space 0%.
Where does Realmo's Selma market data come from?
Realmo compiles Selma, AL figures from 6 recent recorded sales, 66 active sale listings, 3 active lease listings, 1,158 tracked off-market properties, the current Selma zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 66 active for-sale and 3 active for-lease listings in Selma, AL. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 9,001 zoned acres across 18 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level and industrial vacancy is reported at South region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
