The housing market in Shelbyville, MO is booming, with the median value of a house being $139,700. This is significantly lower than the US median house value of $338,100. However, over the past year the appreciation rate for houses in Shelbyville has been 13.45%, which is higher than the national average of 8.27%. Therefore, the housing market in Shelbyville looks to be doing very well and prices will likely continue to increase in the near future.
The median home cost in Shelbyville is $139,700. Home appreciation the last 10 years has been 73.2%. Home Appreciation in Shelbyville is up 17.1%.
Average Age of Homes
- The median age of Shelbyville real estate is 54 years old
The Rental Market in Shelbyville
- Renters make up 24.0% of the Shelbyville population
- 0.0% 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.