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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 $67,163, lower than the Mississippi average of $183,008.
The average cost of rent is $670/mo in Shelby, primarily driven by the current value of real estate in the Shelby area. In Shelby, 33.14% of households rent, and 59.64% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Shelby is $2,587 per month. Households that rent pay about 25.89% of their income on rent here. Shelby’s most expensive areas are in the southeastern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Lombardy, MS: equally priced homes
- Winstonville, MS: higher priced homes
- Mound Bayou, MS: higher priced homes
- Duncan, MS: equally priced homes
- Perthshire, MS: less expensive homes
- Merigold, MS: higher priced homes
- Roundaway, MS: higher priced homes
- Alligator, MS: higher priced homes
- Symonds, MS: equally priced homes
- Gunnison, MS: less expensive homes
Cities with Similar Populations
- Reedville, VA: higher priced homes
- Jetersville, VA: higher priced homes
- Kewadin, MI: higher priced homes
- Kingsville, OH: higher priced homes
- Kirbyville, MO: higher priced homes
- Lake Hughes, CA: higher priced homes
- Liverpool, TX: higher priced homes
- Londonderry, OH: higher priced homes
- Lynnwood-Pricedale, PA: higher priced homes
- Almo, KY: higher priced homes
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