The housing in the Shelby, NC Metro Area is very attractive for potential homebuyers. The median value of a house in this area is $157,400 which is significantly lower than the national average of $338,100. In the past year, the appreciation rate for homes in this area has been 18.72%, which is much higher than the national appreciation rate of 8.27%. These factors make it an ideal place to purchase a home as buyers can benefit from lower costs and higher returns on investment.
The median home cost in Shelby Metro Area is $157,400. Home appreciation the last 10 years has been 123.2%. Home Appreciation in Shelby Metro Area is up 25.2%.
Average Age of Homes
- The median age of Shelby Metro Area real estate is 38 years old
The Rental Market in Shelby Metro Area
- Renters make up 27.4% of the Shelby Metro Area population
- 1.5% of houses and apartments in Shelby Metro Area, 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.