The housing market in Shelby, MS is thriving. The median value for houses in the city stands at $96,200, which is significantly lower than the US median house value of $338,100. In addition, the appreciation rate for housing over the last year has been 12.50%, much higher than the national average of 8.27%. This makes Shelby an attractive location to purchase a home and invest in property. With its relatively low median house value and rates of appreciation, it’s no surprise that many people are looking to buy or rent property in this city.
The median home cost in Shelby is $96,200. Home appreciation the last 10 years has been 51.9%. Home Appreciation in Shelby is up 14.5%.
Average Age of Homes
- The median age of Shelby real estate is 40 years old
The Rental Market in Shelby
- Renters make up 42.2% of the Shelby population
- 2.3% 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.