The housing market in Shelby, NC is thriving. The median value for homes in Shelby is much lower than the national median at $156,900 compared to $338,100. However, the one year appreciation rate has been much higher in Shelby, reaching 18.96%, almost double the US rate of 8.27%. This demonstrates that people are increasingly investing and buying property in Shelby due to its affordability and strong return on investment.
The median home cost in Shelby is $156,900. Home appreciation the last 10 years has been 120.1%. Home Appreciation in Shelby is up 25.0%.
Average Age of Homes
- The median age of Shelby real estate is 45 years old
The Rental Market in Shelby
- Renters make up 40.4% of the Shelby population
- 2.2% of houses and apartments in Shelby, 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.