The housing market in Shelby, AL County is doing remarkably well compared to the national average. The median value of a home in Shelby, AL County is currently at $331,600 which is slightly lower than the US median value of $338,100. However the one year house appreciation rate in Shelby, AL County is 10.67%, significantly higher than the 8.27% appreciation rate seen nationally. This indicates that investing in housing in Shelby, AL county has been a wise decision and can be expected to continue to yield positive returns for owners of homes there.
The median home cost in Shelby County is $331,600. Home appreciation the last 10 years has been 77.4%. Home Appreciation in Shelby County is up 17.9%.
Average Age of Homes
- The median age of Shelby County real estate is 23 years old
The Rental Market in Shelby County
- Renters make up 19.3% of the Shelby County population
- 1.5% of houses and apartments in Shelby County, 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.