36701, Selma, AL

Selma is a small town in Alabama with a population of just over 20,000. The 36701 zip code covers most of Selma and has a median home value of $119,000. Home prices have been on the rise in Selma for the past few years, and they are now among the highest in Alabama.

There are several factors that have contributed to the increase in home values in Selma. First, there is an abundance of available land and homes in Selma are relatively affordable compared to other areas of the state. Second, Selma has seen strong job growth over the past few years which has led to increased demand for housing. Finally, Selma's location close to major cities such as Birmingham and Montgomery makes it an attractive place to live.

Despite these positive factors, there are also some challenges facing home prices in Selma. First, there is limited inventory of homes available which has driven up prices faster than would be typical for a market with more available homes. Second, interest rates have remained low which has made it more difficult for people to borrow money to buy homes. Finally, although Selma's economy is doing well overall, there may be limited opportunities for people who do not have high-paying jobs or who do not live near major cities. Taken together, these factors suggest that home prices will continue to rise in Selma over time but may not reach levels comparable to those found elsewhere in Alabama or nationwide."