Shelby County, IL Housing

The housing market in Shelby, IL County is quite promising. The median value of homes in the area stands at $110,500, which is a fraction of what it costs to buy a house in the US ($338,100). Over the past year, the appreciation rate for homes have been on an upswing - 8.57%, higher than the national average of 8.27%. Clearly, this is an attractive investment option and with mortgage rates staying low; it could be worthwhile to consider buying real estate in Shelby County.

The median home cost in Shelby County is $110,500. Home appreciation the last 10 years has been 39.1%. Home Appreciation in Shelby County is up 11.1%.

Average Age of Homes

- The median age of Shelby County real estate is 52 years old

The Rental Market in Shelby County

- Renters make up 16.5% of the Shelby County population
- 2.3% 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Shelby, Illinois	United States
	10,075.0	139,647,020.0
	54	42
	$110,500	$338,100
	11.1%	16.6%
	31.5%	57.0%
	39.1%	101.1%
	$17.28	$10.98
	$1,846	$2,690
	69.5%	57.4%
	13.0%	11.2%
	17.5%	31.4%
Vacant Housing
	2.3%	1.9%
	0.0%	0.4%
	0.6%	0.7%
	0.3%	0.4%
	4.2%	3.6%
	5.6%	4.1%
Value of Owner-Occupied Housing
	3.4%	2.6%
	7.0%	2.4%
	10.6%	2.8%
	12.1%	3.9%
	13.4%	4.5%
	21.0%	11.3%
	11.3%	13.0%
	12.0%	20.1%
	6.1%	13.6%
	1.6%	8.3%
	0.6%	9.7%
	0.5%	3.9%
	0.2%	2.2%
	0.0%	0.8%
	0.3%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	8.7%	13.6%
	8.7%	13.6%
	11.0%	13.6%
	8.7%	13.2%
	14.9%	14.8%
	11.0%	13.6%
	10.9%	10.0%
	4.3%	4.7%
	27.3%	12.2%

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