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Selma CDP, OR

ZIP 97538 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 97538

Median Home Value
$289,800
Median Rent
$535
Affordability Snapshot
$80,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,862/mo PITI).

15%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

6.6x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

45.1 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 97538 in Selma CDP, OR, a household would need roughly $80,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,862. That is about 83% above the local median household income ($43,689), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 21% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
82.9%+27% vs US avg
x
Vacancy Rate
20.6%+100% vs US avg
x
Broadband Access
93.7%+8% vs US avg
x
4+ Bedrooms
0.6%-96% vs US avg
x
Built Pre-1939
11.3%-12% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
0.0%
x
Mortgage-Free
36.1%-5% vs US avg
x
$289,800
Home Value
$535
Rent
1985
Year Built
2015
Moved In

Residents have lived here since ~2015 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached65.0%
  • 1-unit attached0.6%
  • 2-9 units0.0%
  • 10+ units0.0%
  • Mobile home & other34.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$289,800
Median rent$535
Owner-occupied82.9%
Vacant20.6%
Price-to-income6.6x
Est. income to buy$80,000