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 $119,508, lower than the Indiana average of $175,617.
The average cost of rent is $862/mo in Shelbyville, primarily driven by the current value of real estate in the Shelbyville area. While nearly 29.72% of residents own their homes outright in Shelbyville, 37.09% rent.
Housing affordability isn’t just about home prices, though. The average household income in Shelbyville is $5,240 per month. Households that rent pay about 16.44% of their income on rent here. Shelbyville's most expensive areas are in the northeastern regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Prescott, IN: higher priced homes
- Meltzer, IN: higher priced homes
- Fenns, IN: higher priced homes
- Knighthood Village, IN: higher priced homes
- Smithland, IN: higher priced homes
- Clover Village, IN: higher priced homes
- Rays Crossing, IN: higher priced homes
- Blue Ridge, IN: higher priced homes
- Waldron, IN: equally priced homes
- Boggstown, IN: higher priced homes
Cities with Similar Populations
- Plum, PA: higher priced homes
- Mahopac, NY: higher priced homes
- Maineville, OH: higher priced homes
- Maitland, FL: higher priced homes
- Manchester, TN: higher priced homes
- Mandan, ND: higher priced homes
- Marina, CA: higher priced homes
- Marion, NC: higher priced homes
- Martinsville, VA: less expensive homes
- Medford, NY: higher priced homes
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