Commercial Real Estate Market in Selma, AL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
35 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 October 2026.
Office
Office space in Selma, AL has a median asking sale price of $87/SF (based on 3 listings). Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail space in Selma, AL has a median asking sale price of $71/SF (based on 5 listings). Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
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%.
Multifamily
Multifamily vacancy in Selma, AL runs 11.3% across the South region in 2025, up from 8.5% in 2022.
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
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.
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.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Selma?
What zoning applies to commercial property in Selma?
Where does Realmo's Selma market data come from?
Methodology & data sources
- Asking prices and medians
- There are 31 active for-sale and 4 active for-lease listings in Selma, AL. The sale median is based on 13 of the for-sale listings that state a price per square foot; too few for-lease listings state a rent per square foot for a rent median. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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 October 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, industrial vacancy is reported at South region level and asking prices run materially above recent closed pricing.
- 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 October 2026 · How Realmo checks market page data · Report a data issue
