Zip 56581 (Shelly, MN) Housing

Housing in Shelly, MN 56581 has a median value of $100,700, which is significantly lower than the US house median value of $338,100. Despite this difference in price however, the appreciation rate of 8.21% for housing in Shelly is almost as high as the national 1 year house appreciation rate of 8.27%. This demonstrates that Shelly remains a desirable place to live and invest despite its comparatively lower prices.

The median home cost in Shelly (zip 56581) is $100,700. Home appreciation the last 10 years has been 73.1%. Home Appreciation in Shelly (zip 56581) is up 13.6%.

Average Age of Homes

- The median age of Shelly (zip 56581) real estate is 69 years old

The Rental Market in Shelly (zip 56581)

- Renters make up 8.0% of the Shelly (zip 56581) population
- 8.4% of houses and apartments in Shelly (zip 56581), 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	Shelly, Minnesota	United States
	178.0	139,647,020.0
	80	42
	$100,700	$338,100
	13.6%	16.6%
	38.7%	57.0%
	73.1%	101.1%
	$10.74	$10.98
	$940	$2,690
	65.2%	57.4%
	27.0%	11.2%
	7.9%	31.4%
Vacant Housing
	8.4%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	2.8%	3.6%
	15.7%	4.1%
Value of Owner-Occupied Housing
	0.9%	2.6%
	16.4%	2.4%
	4.3%	2.8%
	13.8%	3.9%
	11.2%	4.5%
	31.0%	11.3%
	16.4%	13.0%
	3.4%	20.1%
	0.0%	13.6%
	0.9%	8.3%
	0.9%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.9%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	3.9%	13.6%
	3.9%	13.6%
	6.2%	13.6%
	2.2%	13.2%
	19.7%	14.8%
	6.2%	13.6%
	6.7%	10.0%
	5.1%	4.7%
	49.4%	12.2%

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