Shelby, OH is a great place to buy a home. The median housing value in Shelby is $141,900, which is significantly lower than the US house median value of $338,100. Not only that, but the 1 year house appreciation rate for Shelby is 11.76%, which is higher than the US average of 8.27%. This makes Shelby an excellent choice for those looking to invest in real estate and take advantage of the growing value of homes in the area.
The median home cost in Shelby is $141,900. Home appreciation the last 10 years has been 66.7%. Home Appreciation in Shelby is up 13.5%.
Average Age of Homes
- The median age of Shelby real estate is 59 years old
The Rental Market in Shelby
- Renters make up 34.9% 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.