Shelby Township, MI is an area with a thriving housing market, with the median home value sitting at $168,300. This is significantly lower than the U.S. median value of $338,100, making it a more affordable option for potential homeowners. The one-year house appreciation rate in Shelby Township is 13.62%, far higher than the national rate of 8.27%. This strong appreciation reflects the high demand for housing in this area and makes it an excellent location to invest in real estate.
The median home cost in Shelby township is $168,300. Home appreciation the last 10 years has been 124.7%. Home Appreciation in Shelby township is up 16.5%.
Average Age of Homes
- The median age of Shelby township real estate is 55 years old
The Rental Market in Shelby township
- Renters make up 27.7% of the Shelby township population
- 0.9% of houses and apartments in Shelby township, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.