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These days, finding an affordable place to live in the Shelby Gap area can be challenging. Home prices in Shelby Gap are now at a median cost of $116,852, lower than the Kentucky average of $164,895.
The average cost of rent is $832/mo in Shelby Gap, primarily driven by the current value of real estate in the Shelby Gap area. While nearly 63.42% of residents own their homes outright in Shelby Gap, 8.51% rent.
Housing affordability isn’t just about home prices, though. The average household income in Shelby Gap is $3,613 per month. Households that rent pay about 23.03% of their income on rent here. Shelby Gap's most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Dorton, KY: less expensive homes
- Potters Fork, KY: less expensive homes
- Ashcamp, KY: less expensive homes
- Hellier, KY: less expensive homes
- Jonancy, KY: less expensive homes
- Burdine, KY: less expensive homes
- Lookout, KY: less expensive homes
- Norland, VA: less expensive homes
- Jenkins, KY: less expensive homes
- Freeling, VA: less expensive homes
Cities with Similar Populations
- Claryville, NY: higher priced homes
- Chambers, NY: higher priced homes
- Chatham, NH: higher priced homes
- Chest Springs, PA: higher priced homes
- Chichester, NY: higher priced homes
- China Grove, AL: less expensive homes
- Church Hill, PA: higher priced homes
- Cicero, KS: higher priced homes
- Cimarron, CO: higher priced homes
- Circle, TX: equally priced homes
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