Commercial Real Estate Market in Selmer, TN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
16 active listings and 369 off-market properties in Selmer, TN.
Market Trends
Selmer, TN spans 112.7 square miles in McNairy County, Tennessee. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Selmer, TN runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail vacancy in Selmer, TN runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Selmer, TN 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 Selmer, TN 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 72.6%
- Industrial 14.5%
- Commercial 12.6%
- Civic 0.4%
Largest Zones share of zoned land by district
Low Density Residential
Medium Density Residential
General Business
Industrial
High Density Residential
Selmer, TN zones 6,136 acres across 12 districts. Commercial zoning covers 12.6% of zoned land, residential 72.6% and industrial 14.5%. The largest single district is Low Density Residential at 46.4%. For commercial buyers the practical constraint is that only 27% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Selmer, TN has 9,071 residents in 4,162 households. Density runs 80 people per square mile. Median household income here is $50,108 and median gross rent $677 a month.
9,071
Population
4,162
Households
2.2
Avg Household Size
44
Median Age
14%
College-Educated
86%
High-School Grad
112.7 sq mi
ZIP Area
80
Density / Sq Mi
$50,108
Median Household Income
$42,245
Median Earnings
$677
Median Rent
$143,500
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Selmer?
Commercial property in Selmer, TN asks an average of $1,102 per square foot. The 5 most recent recorded sales traded at a median of $27/SF, so asking sits 3925% above the achieved median.
What zoning applies to commercial property in Selmer?
Selmer, TN zones 6,136 acres across 12 districts, of which 12.6% is commercial and 14.5% industrial. The largest single district is Low Density Residential at 46.4% of zoned land. Residential zoning covers 72.6% and open space 0%.
Where does Realmo's Selmer market data come from?
Realmo compiles Selmer, TN figures from 8 recent recorded sales, 16 active sale listings, 369 tracked off-market properties, the current Selmer zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 16 active for-sale and 0 active for-lease listings in Selmer, TN. 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: 6,136 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 30 September 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 30 September 2026 · How Realmo checks market page data · Report a data issue
