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 $142,444, lower than the Iowa average of $182,666.
The average cost of rent is $838/mo in Shelby, primarily driven by the current value of real estate in the Shelby area. While nearly 44.67% of residents own their homes outright in Shelby, 18.02% rent.
Housing affordability isn’t just about home prices, though. The average household income in Shelby is $5,745 per month. Households that rent pay about 14.58% of their income on rent here. Shelby's most expensive areas are in the southwestern regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- Minden, IA: higher priced homes
- Tennant, IA: equally priced homes
- Avoca, IA: equally priced homes
- Persia, IA: higher priced homes
- Neola, IA: higher priced homes
- Hancock, IA: less expensive homes
- Portsmouth, IA: higher priced homes
- Harlan, IA: equally priced homes
- Walnut, IA: less expensive homes
- Panama, IA: equally priced homes
Cities with Similar Populations
- Waverly, KS: less expensive homes
- Cantua Creek, CA: higher priced homes
- Cherry Point, NC: higher priced homes
- Cheshire Center, MI: equally priced homes
- Ellport, PA: less expensive homes
- Eolia, MO: higher priced homes
- Unityville, PA: higher priced homes
- Victoria, IN: less expensive homes
- Walthill, NE: less expensive homes
- Washingtonville, OH: less expensive homes
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