Housing in Shelby Metro Area, North Carolina

The median home cost in Shelby Metro Area is $102,400. Home appreciation the last 10 years has been 4.2%. Home Appreciation in Shelby Metro Area is up 7.2%. Browse Shelby Metro Area Real Estate

Average Age of Homes

- The median age of Shelby Metro Area real estate is 34 years old

The Rental Market in Shelby Metro Area

- Renters make up 27.4% of the Shelby Metro Area population
- 2.6% of houses and apartments in Shelby Metro Area, are available to rent

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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.

HOUSING	Shelby, North Carolina	United States
Median Home Age	38	40
Median Home Cost	$102,400	$231,200
Home Appr. Last 12 months	7.2%	6.7%
Home Appr. Last 5 yrs.	20.0%	35.6%
Home Appr. Last 10 yrs.	4.2%	27.4%
Property Tax Rate	$8.77	$11.78
Property Taxes Paid	$898	$2,724
Homes Owned	58.5%	56.0%
Housing Vacant	13.1%	12.2%
Homes Rented	28.3%	31.8%
AVERAGE RENT FOR HOME OR APARTMENT
Average Rent	$893	$1,470
Studio Apartment	$548	$821
1 Bedroom Home or Apartment	$596	$930
2 Bedroom Home or Apartment	$685	$1,148
3 Bedroom Home or Apartment	$896	$1,537
4 Bedroom Home or Apartment	$1,152	$1,791
VACANT HOUSING
Vacant For Rent	2.6%	2.1%
Vacant Rented	0.1%	0.5%
Vacant For Sale	1.7%	1.0%
Vacant Sold	0.1%	0.5%
Vacant Vacation	1.1%	4.0%
Vacant Other	7.5%	4.2%
VALUE OF OWNER-OCCUPIED HOUSING
Less Than $20,000	6.2%	3.5%
$20,000 to $39,999	3.5%	3.1%
$40,000 to $59,999	6.8%	3.9%
$60,000 to $79,999	14.1%	5.4%
$80,000 to $99,999	13.1%	6.3%
$100,000 to $149,999	24.8%	14.7%
$150,000 to $199,999	13.7%	14.6%
$200,000 to $299,999	10.6%	18.7%
$300,000 to $399,999	3.9%	11.0%
$400,000 to $499,999	1.3%	6.2%
$500,000 to $749,999	1.2%	7.0%
$750,000 to $999,999	0.3%	2.7%
$1,000,000 to $1,499,999	0.1%	1.5%
$1,500,000 to $1,999,999	0.0%	0.5%
$2,000,000 and over	0.3%	0.7%