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 $126,740, lower than the Michigan average of $196,062.
The average cost of rent is $831/mo in Shelby, primarily driven by the current value of real estate in the Shelby area. While nearly 48.54% of residents own their homes outright in Shelby, 13.27% rent.
Housing affordability isn’t just about home prices, though. The average household income in Shelby is $4,603 per month. Households that rent pay about 18.05% of their income on rent here. Shelby's most expensive areas are in the northeastern regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- New Era, MI: higher priced homes
- Hart, MI: equally priced homes
- Rothbury, MI: equally priced homes
- Little Point Sable, MI: higher priced homes
- Stony Lake, MI: higher priced homes
- Mears, MI: higher priced homes
- Montague, MI: higher priced homes
- Walkerville, MI: less expensive homes
- Pentwater, MI: higher priced homes
- Hesperia, MI: less expensive homes
Cities with Similar Populations
- Grafton, ND: less expensive homes
- Granville, NY: equally priced homes
- Grantville, GA: higher priced homes
- Grant, AL: higher priced homes
- Granger, WA: higher priced homes
- Grandview, TX: higher priced homes
- Grand Island, FL: higher priced homes
- Grambling, LA: equally priced homes
- Grafton, WV: less expensive homes
- Grasonville, MD: higher priced homes
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