Commercial Real Estate Market in Selma, NC
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
37 active listings and 356 off-market properties in Selma, NC. Commercial property asks $240/SF to buy and $16.88/SF/Yr to lease.
Market Trends
Selma, NC spans 81.3 square miles in Johnston County, North Carolina. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Selma, NC 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, NC runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Selma, NC 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, NC 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 74.2%
- Industrial 19.2%
- Commercial 6.5%
Largest Zones share of zoned land by district
Low Density Residential District
Heavy Industrial
Medium Density Residential
Residential Agriculture District
Interstate Business District
Selma, NC zones 12,865 acres across 12 districts. Commercial zoning covers 6.5% of zoned land, residential 74.2% and industrial 19.2%. The largest single district is Low Density Residential District at 58.6%. For commercial buyers the practical constraint is that only 25.8% of land carries a commercial or industrial designation.
Low Density Residential District (R-20)
The Low Density Residential R20 District is established to allow primarily single family residential development at low intensities that are consonant with the suitability of land, accessibility to major activity centers, and transportation systems, and are compatible with surrounding development. (Ord. of 2-14-17(2))
Market overview
Demographics & Economy
Selma, NC has 17,568 residents in 7,911 households. Density runs 216 people per square mile. Median household income here is $62,044 and median gross rent $874 a month.
17,568
Population
7,911
Households
2.2
Avg Household Size
37
Median Age
18%
College-Educated
84%
High-School Grad
81.3 sq mi
ZIP Area
216
Density / Sq Mi
$62,044
Median Household Income
$39,262
Median Earnings
$874
Median Rent
$178,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Pine Level | — | — |
| Smithfield | — | $20.62 |
| Micro | — | — |
| Wilsons Mills | — | — |
Commercial property in Selma, NC asks $240/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Selma?
Commercial property in Selma, NC asks an average of $240 per square foot. The 6 most recent recorded sales traded at a median of $110/SF, so asking sits 118% above the achieved median.
How much does it cost to lease commercial space in Selma?
Asking lease rates in Selma, NC average $16.88 per square foot per year.
What zoning applies to commercial property in Selma?
Selma, NC zones 12,865 acres across 12 districts, of which 6.5% is commercial and 19.2% industrial. The largest single district is Low Density Residential District at 58.6% of zoned land. The Low Density Residential R20 District is established to allow primarily single family residential development at low intensities that are consonant with the suitability of land, accessibility to major activity centers, and transportation systems, and are compatible with surrounding development. (Ord. of 2-14-17(2)) Residential zoning covers 74.2% and open space 0%.
Where does Realmo's Selma market data come from?
Realmo compiles Selma, NC figures from 7 recent recorded sales, 31 active sale listings, 6 active lease listings, 356 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 31 active for-sale and 6 active for-lease listings in Selma, NC. 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: 12,865 zoned acres across 12 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, 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 August 2026 · report a data issue
