Selma was #10 on the list of Top 100 fastest growing cities from 2000 to 2008, with a whopping 132% growth since 2000. Currently, it stands at less than 2,000 people—a fast growing city that maintains a small-town feel. The median home cost is approximately $130k, with housing prices exhibiting a little over a 1% increase in the past year, slowed down due to the housing slump but not quite stopped.
Real Estate: One of the best things about Selma for those rushing to move there is that property taxes run lower than in San Antonio. Because there is no state income tax in Texas, property taxes are generally higher than other states, making a tax break for homeowners very attractive. Most of Selma housing is comprised of subdivisions or master planned communities. Some of these are quite affluent, like Live Oak Hills, Retama Springs, the Trails of Kensington, Chelsea Crossing and more. Most rentals in Selma are houses in these subdivisions. Apartments/duplexes are fairly rare in Selma.
Conveniences: The nearest Amtrak station to Selma is the San Antonio station, located approximately 16 miles away. Three main banks have branches in Selma: Wachovia, Citibank, and Compass Bank. Selma is home to the Retama Park Race Track, a thoroughbred race track with a gorgeous five-story grandstand.
Education: Selma has a single private school, Our Lady of Perpetual Help School. It is a coeducational Catholic institution. Other institutions within two miles of Selma include: Laura Ingalls Wilder Intermediate School, Norma J Paschal Elementary School, Olympia Elementary School. These are all public schools.