Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Shelby area can be challenging. Home prices in Shelby are now at a median cost of $223,820, higher than the Alabama average of $185,232.
The average cost of rent is $724/mo in Shelby, primarily driven by the current value of real estate in the Shelby area. While nearly 50.42% of residents own their homes outright in Shelby, 17.79% rent.
Housing affordability isn’t just about home prices, though. The average household income in Shelby is $5,678 per month. Households that rent pay about 12.76% of their income on rent here. Shelby's most expensive areas are in the central regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Talladega Springs, AL: less expensive homes
- South Calera, AL: less expensive homes
- Unity, AL: less expensive homes
- Calera, AL: less expensive homes
- Collins Chapel, AL: less expensive homes
- Weogufka, AL: less expensive homes
- Dargin, AL: less expensive homes
- Jemison, AL: less expensive homes
- Minooka, AL: less expensive homes
- Oak Grove, AL: less expensive homes
Cities with Similar Populations
- Greensboro, AL: less expensive homes
- Guilford, IN: higher priced homes
- Groton, NY: less expensive homes
- Gregory, MI: higher priced homes
- Greenwood Lake, NY: higher priced homes
- Greenwood, LA: less expensive homes
- Greenwich, OH: less expensive homes
- Greenville, IN: higher priced homes
- Greentown, IN: less expensive homes
- Greensburg, LA: less expensive homes
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