The housing market in Shelby, AL is flourishing, with the median value of houses in the area being much higher than the US average of $338,100. Furthermore, this value has appreciated by 12.24% over the past year, which is significantly higher than the national average of 8.27%. This makes Shelby a particularly attractive location for potential homeowners who are looking to invest in real estate.
The median home cost in Shelby is $283,900. Home appreciation the last 10 years has been 73.6%. Home Appreciation in Shelby is up 18.5%.
Average Age of Homes
- The median age of Shelby real estate is 44 years old
The Rental Market in Shelby
- Renters make up 16.0% 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.