Shelbyville, TN is a great place to live and its housing market is indicative of that. The median value for homes in Shelbyville is $252,300, which is much lower than the US House median value of $338,100. While the US House Appreciation rate was 8.27% over the last year, it was much higher in Shelbyville at 17.31%. This suggests that housing prices are increasing more rapidly than the national average, making Shelbyville an attractive market for potential home buyers and investors alike.
The median home cost in Shelbyville is $252,300. Home appreciation the last 10 years has been 152.0%. Home Appreciation in Shelbyville is up 25.7%.
Average Age of Homes
- The median age of Shelbyville real estate is 39 years old
The Rental Market in Shelbyville
- Renters make up 45.3% of the Shelbyville population
- 4.6% of houses and apartments in Shelbyville, 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.