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 $211,735, higher than the Indiana average of $175,617.
The average cost of rent is $766/mo in Shelby, primarily driven by the current value of real estate in the Shelby area. While nearly 50.85% of residents own their homes outright in Shelby, 15.63% rent.
Housing affordability isn’t just about home prices, though. The average household income in Shelby is $5,762 per month. Households that rent pay about 13.29% of their income on rent here. Shelby's most expensive areas are in the northern regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Thayer, IN: less expensive homes
- Roselawn, IN: less expensive homes
- Sumava Resorts, IN: less expensive homes
- Schneider, IN: higher priced homes
- DeMotte, IN: less expensive homes
- Southeast Grove, IN: higher priced homes
- Lowell, IN: equally priced homes
- Lake Village, IN: less expensive homes
- North Hayden, IN: higher priced homes
- Lake Dalecarlia, IN: higher priced homes
Cities with Similar Populations
- Weingarten, MO: equally priced homes
- Center, IN: less expensive homes
- Center Point, AR: less expensive homes
- Cherokee Falls, SC: less expensive homes
- Chiawuli Tak, AZ: less expensive homes
- Choctaw, LA: less expensive homes
- Clio, WV: less expensive homes
- Adams, ND: less expensive homes
- West Lewistown, MT: equally priced homes
- West Hebron, NY: less expensive homes
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