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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 $149,438, lower than the Ohio average of $236,816.
The average cost of rent is $755/mo in Shelby, primarily driven by the current value of real estate in the Shelby area. In Shelby, 28.71% of households rent, and 39.98% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Shelby is $5,579 per month. Households that rent pay about 13.54% of their income on rent here. Shelby’s most expensive areas are in the southeastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Taylortown, OH: higher priced homes
- Bethlehem, OH: higher priced homes
- Ganges, OH: higher priced homes
- Spring Mill, OH: higher priced homes
- Amoy, OH: higher priced homes
- Tiro, OH: equally priced homes
- Shiloh, OH: higher priced homes
- Crestline, OH: less expensive homes
- Plymouth, OH: less expensive homes
- Ontario, OH: higher priced homes
Cities with Similar Populations
- Hawaiian Gardens, CA: higher priced homes
- Show Low, AZ: higher priced homes
- Shingle Springs, CA: higher priced homes
- Jennings, MO: less expensive homes
- Hillsdale, MI: higher priced homes
- Highland Springs, VA: higher priced homes
- Highland, NY: higher priced homes
- Highland City, FL: higher priced homes
- Herrin, IL: less expensive homes
- Hazel Crest, IL: higher priced homes
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