Shelby, IN is a great place to buy a home. With an average housing median value of $118,500, it's considerably less expensive than the US house median value of $338,100. This provides a great opportunity for those looking for a more affordable option while still enjoying the benefits of homeownership. In addition to the lower cost, Shelby has seen an impressive 1 year house appreciation rate of 9.67%, higher than the US average of 8.27%. Homebuyers in Shelby are sure to benefit from these positive trends in housing values when they purchase their dream home.
The median home cost in Shelby is $118,500. Home appreciation the last 10 years has been 76.1%. Home Appreciation in Shelby is up 14.2%.
Average Age of Homes
- The median age of Shelby real estate is 62 years old
The Rental Market in Shelby
- Renters make up 7.8% of the Shelby population
- 0.0% 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.