The housing market in Shelbyville, IL is thriving. The median value for a house in Shelbyville is $113,200, which is much lower than the US median of $338,100. However, that doesn't mean that there isn't an opportunity for growth. In fact, there has been a 10.25% appreciation rate over the past year which is significantly higher than the US average of 8.27%. This shows that Shelbyville's housing market is very healthy and provides potential buyers with great opportunities to invest now for future gains.
The median home cost in Shelbyville is $113,200. Home appreciation the last 10 years has been 33.9%. Home Appreciation in Shelbyville is up 11.6%.
Average Age of Homes
- The median age of Shelbyville real estate is 59 years old
The Rental Market in Shelbyville
- Renters make up 25.5% of the Shelbyville population
- 7.2% 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.