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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 $242,024, higher than the Arkansas average of $207,061.
The average cost of rent is $643/mo in Shelbyville, primarily driven by the current value of real estate in the Shelbyville area. In Shelbyville, 19.52% of households rent, and 65.44% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Shelbyville is $6,770 per month. Households that rent pay about 9.50% of their income on rent here. Shelbyville’s most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Strawberry, AR: less expensive homes
- Poughkeepsie, AR: less expensive homes
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- Cave City, AR: less expensive homes
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- Cord, AR: less expensive homes
- Charlotte, AR: less expensive homes
Cities with Similar Populations
- Vandalia, TX: less expensive homes
- Cofield Corner, IN: equally priced homes
- Coin, IA: less expensive homes
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- Columbia, SD: less expensive homes
- Comet, VA: higher priced homes
- Concord, PA: less expensive homes
- Coomer, WI: higher priced homes
- Cord, AR: less expensive homes
- Coyville, KS: less expensive homes
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