Shelby, MN is a great place to live with its housing median value being much higher than the US median value. In the last year, Shelby has seen even more appreciation in its housing market with an 11.33% increase in value, compared to the 8.27% US house appreciation rate. This means that those looking to invest in the Shelby real estate market will benefit greatly from this growth trend for years to come and can rest assured that their investments are secure.
The median home cost in Shelby is $359,000. Home appreciation the last 10 years has been 70.2%. Home Appreciation in Shelby is up 11.6%.
Average Age of Homes
- The median age of Shelby real estate is 63 years old
The Rental Market in Shelby
- Renters make up 9.5% 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.