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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 $322,100, lower than the Virginia average of $443,089.
The average cost of rent is $1,212/mo in Shelby, primarily driven by the current value of real estate in the Shelby area. In Shelby, 21.20% of households rent, and 30.18% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Shelby is $10,039 per month. Households that rent pay about 12.07% of their income on rent here. Shelby’s most expensive areas are in the central 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
- Madison, VA: higher priced homes
- Graves Mill, VA: equally priced homes
- Banco, VA: equally priced homes
- Wolftown, VA: equally priced homes
- Pratts, VA: equally priced homes
- Leon, VA: higher priced homes
- Haywood, VA: equally priced homes
- Brightwood, VA: higher priced homes
- Hood, VA: equally priced homes
- Syria, VA: higher priced homes
Cities with Similar Populations
- Drury, MA: less expensive homes
- Trust, NC: less expensive homes
- Troy, WV: less expensive homes
- Troy, SD: less expensive homes
- Trout River, NY: less expensive homes
- Travis Bridge, AL: less expensive homes
- East Sutton, NH: higher priced homes
- East Danville, OH: less expensive homes
- Duke, MO: less expensive homes
- Dudleyville, IL: less expensive homes
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