The housing market in Shelbyville, TN 37160 is quite robust with a median value of $258,900. This is substantially lower than the US median house value of $338,100, making housing in this area more affordable for buyers. Despite being lower than the national average, houses in Shelbyville have appreciated 17.31% over the past year, which is almost double the US house appreciation rate of 8.27%. This makes Shelbyville an attractive option for potential homebuyers looking for reasonable prices and good returns on their investment.
The median home cost in Shelbyville (zip 37160) is $258,900. Home appreciation the last 10 years has been 152.0%. Home Appreciation in Shelbyville (zip 37160) is up 25.7%.
Average Age of Homes
- The median age of Shelbyville (zip 37160) real estate is 34 years old
The Rental Market in Shelbyville (zip 37160)
- Renters make up 33.4% of the Shelbyville (zip 37160) population
- 2.9% of houses and apartments in Shelbyville (zip 37160), 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.