Zip 49455 (Shelby, MI) Housing

Shelby, Michigan (49455) is an area with a high median housing value of $187,000. This is significantly lower than the US house median value of $338,100. However, Shelby has experienced higher than average appreciation in house values over the past year, with an impressive 13.62% increase over the last year compared to the 8.27% national average. This makes Shelby an attractive option for those looking to invest in real estate and benefit from increasing house values.

The median home cost in Shelby (zip 49455) is $187,000. Home appreciation the last 10 years has been 124.7%. Home Appreciation in Shelby (zip 49455) is up 16.5%.

Average Age of Homes

- The median age of Shelby (zip 49455) real estate is 44 years old

The Rental Market in Shelby (zip 49455)

- Renters make up 17.2% of the Shelby (zip 49455) population
- 0.6% of houses and apartments in Shelby (zip 49455), 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, Michigan	United States
	2,675.0	139,647,020.0
	50	42
	$187,000	$338,100
	16.5%	16.6%
	63.3%	57.0%
	124.7%	101.1%
	$13.97	$10.98
	$1,521	$2,690
	56.3%	57.4%
	32.4%	11.2%
	11.3%	31.4%
Vacant Housing
	0.6%	1.9%
	0.3%	0.4%
	0.1%	0.7%
	0.0%	0.4%
	25.8%	3.6%
	5.6%	4.1%
Value of Owner-Occupied Housing
	4.4%	2.6%
	5.1%	2.4%
	5.5%	2.8%
	6.6%	3.9%
	22.6%	4.5%
	22.2%	11.3%
	12.2%	13.0%
	11.2%	20.1%
	2.7%	13.6%
	1.2%	8.3%
	4.2%	9.7%
	1.4%	3.9%
	0.5%	2.2%
	0.0%	0.8%
	0.3%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	10.7%	13.6%
	10.7%	13.6%
	12.2%	13.6%
	9.6%	13.2%
	14.9%	14.8%
	12.2%	13.6%
	8.3%	10.0%
	5.3%	4.7%
	21.7%	12.2%

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