The housing market in Shelbyville, IN (46176) is a very lucrative one. The median value of homes in the area is $193,100, which is much lower than the national median value of $338,100. Furthermore, the appreciation rate of homes in Shelbyville is 13.55%, which is higher than the national average of 8.27%. This makes the city an attractive place for homebuyers and investors alike as they are able to get more for their money while also seeing great returns on their investments. Investing in the real estate market in Shelbyville offers potential homeowners and investors a great opportunity to take advantage of a vibrant housing market with steady growth and a strong future outlook.
The median home cost in Shelbyville (zip 46176) is $193,100. Home appreciation the last 10 years has been 95.7%. Home Appreciation in Shelbyville (zip 46176) is up 17.9%.
Average Age of Homes
- The median age of Shelbyville (zip 46176) real estate is 51 years old
The Rental Market in Shelbyville (zip 46176)
- Renters make up 32.1% of the Shelbyville (zip 46176) population
- 3.5% of houses and apartments in Shelbyville (zip 46176), 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.