Shelbyville, KY is an area with a thriving housing market. The median value of houses in Shelbyville is $262,200, which is significantly lower than the national house median value of $338,100. Despite the difference in median values, the one year appreciation rate for houses in Shelbyville was 12.20%, which is higher than the US one year house appreciation rate of 8.27%. This data suggests that Shelbyville is a desirable place to invest in real estate and that its housing market is on a healthy trajectory.
The median home cost in Shelbyville is $262,200. Home appreciation the last 10 years has been 74.3%. Home Appreciation in Shelbyville is up 14.0%.
Average Age of Homes
- The median age of Shelbyville real estate is 26 years old
The Rental Market in Shelbyville
- Renters make up 46.0% of the Shelbyville population
- 2.3% 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.