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 $145,768, lower than the North Carolina average of $226,477.
The average cost of rent is $752/mo in Shelby, primarily driven by the current value of real estate in the Shelby area. While nearly 45.50% of residents own their homes outright in Shelby, 35.20% rent.
Housing affordability isn’t just about home prices, though. The average household income in Shelby is $3,831 per month. Households that rent pay about 19.63% of their income on rent here. Shelby's most expensive areas are in the central regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Patterson Springs, NC: less expensive homes
- Earl, NC: less expensive homes
- Kingstown, NC: less expensive homes
- Lattimore, NC: less expensive homes
- Boiling Springs, NC: higher priced homes
- Washburn, NC: less expensive homes
- Grover, NC: less expensive homes
- Waco, NC: less expensive homes
- Kings Mountain, NC: equally priced homes
- Cherryville, NC: higher priced homes
Cities with Similar Populations
- Taylors, SC: higher priced homes
- Del Rio, TX: equally priced 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: equally priced homes
- Toa Alta, PR: less expensive homes
- Thomasville, NC: equally priced homes
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