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These days, finding an affordable place to live in the Shelby City area can be challenging. Home prices in Shelby City are now at a median cost of $181,541, lower than the Kentucky average of $219,615.
The average cost of rent is $787/mo in Shelby City, primarily driven by the current value of real estate in the Shelby City area. In Shelby City, 22.19% of households rent, and 42.88% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Shelby City is $6,507 per month. Households that rent pay about 12.10% of their income on rent here. Shelby City’s most expensive areas are in the northern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Junction City, KY: less expensive homes
- Danville, KY: higher priced homes
- Stanford, KY: less expensive homes
- Clifton, KY: higher priced homes
- Little Needmore, KY: higher priced homes
- Milledgeville, KY: less expensive homes
- Turnersville, KY: less expensive homes
- Logantown, KY: less expensive homes
- Rowland, KY: less expensive homes
- Chicken Bristle, KY: less expensive homes
Cities with Similar Populations
- Amherst, TX: less expensive homes
- Ancram, NY: higher priced homes
- Aneth, UT: less expensive homes
- Arpelar, OK: equally priced homes
- Atlantic, VA: higher priced homes
- Avera, GA: less expensive homes
- Bardwell, TX: higher priced homes
- Bay Head, NJ: higher priced homes
- Bellwood, NE: equally priced homes
- Belmont, WV: less expensive homes
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