Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Shelbyville area can be challenging. Home prices in Shelbyville are now at a median cost of $86,362, lower than the Arkansas average of $160,541.
The average cost of rent is $543/mo in Shelbyville, primarily driven by the current value of real estate in the Shelbyville area. While nearly 71.31% of residents own their homes outright in Shelbyville, 16.77% rent.
Housing affordability isn’t just about home prices, though. The average household income in Shelbyville is $2,314 per month. Households that rent pay about 23.48% of their income on rent here. Shelbyville's most expensive areas are in the eastern regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Strawberry, AR: higher priced homes
- Poughkeepsie, AR: equally priced homes
- Saffell, AR: higher priced homes
- Cave City, AR: equally priced homes
- Walnut Grove, AR: higher priced homes
- Smithville, AR: equally priced homes
- Hickory Valley, AR: higher priced homes
- Lynn, AR: equally priced homes
- Cord, AR: higher priced homes
- Charlotte, AR: higher priced homes
Cities with Similar Populations
- Vandalia, TX: less expensive homes
- Cofield Corner, IN: higher priced homes
- Coin, IA: equally priced homes
- Coldspring, MO: higher priced homes
- Columbia, SD: higher priced homes
- Comet, VA: higher priced homes
- Concord, PA: higher priced homes
- Coomer, WI: higher priced homes
- Cord, AR: higher priced homes
- Coyville, KS: equally priced homes
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