The housing market in Shelby, KY County is booming and has experienced a significant appreciation in the last year. The median value of a house in this county is $270,400 which is lower than the US median value of $338,100. However, what Shelby makes up in price it more than makes up for in appreciation; its 1 year house appreciation rate is 17.20%, far exceeding the US 1 year appreciation rate of 8.27%. This trend shows no signs of slowing and future growth looks to be favourable for those looking to invest in housing in Shelby County.
The median home cost in Shelby County is $270,400. Home appreciation the last 10 years has been 74.3%. Home Appreciation in Shelby County is up 14.0%.
Average Age of Homes
- The median age of Shelby County real estate is 27 years old
The Rental Market in Shelby County
- Renters make up 28.1% of the Shelby County population
- 1.8% 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.