Expensive
Affordable
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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 $203,727, lower than the North Carolina average of $323,314.
The average cost of rent is $955/mo in Shelby, primarily driven by the current value of real estate in the Shelby area. In Shelby, 34.17% of households rent, and 43.32% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Shelby is $4,977 per month. Households that rent pay about 19.19% of their income on rent here. Shelby’s most expensive areas are in the northern 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
- Patterson Springs, NC: equally priced homes
- Earl, NC: less expensive homes
- Kingstown, NC: equally priced homes
- Lattimore, NC: less expensive homes
- Boiling Springs, NC: equally priced homes
- Washburn, NC: equally priced homes
- Grover, NC: less expensive homes
- Waco, NC: less expensive homes
- Kings Mountain, NC: equally priced homes
- Cherryville, NC: equally priced homes
Cities with Similar Populations
- Taylors, SC: higher priced homes
- Del Rio, TX: less expensive homes
- Elizabethtown, KY: higher priced homes
- Fairfield, OH: higher priced homes
- West Orange, NJ: higher priced homes
- Valley Village, CA: higher priced homes
- Urbandale, IA: higher priced homes
- Nacogdoches, TX: less expensive homes
- Toa Alta, PR: less expensive homes
- Thomasville, NC: equally priced homes
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