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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 $269,362, higher than the Kentucky average of $219,615.
The average cost of rent is $1,067/mo in Shelbyville, primarily driven by the current value of real estate in the Shelbyville area. In Shelbyville, 33.54% of households rent, and 29.51% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Shelbyville is $6,394 per month. Households that rent pay about 16.68% of their income on rent here. Shelbyville’s most expensive areas are in the southwestern 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
- Montclair, KY: equally priced homes
- Middletown Heights, KY: higher priced homes
- Joyes, KY: higher priced homes
- Olive Branch, KY: higher priced homes
- Clay Village, KY: higher priced homes
- Mulberry, KY: higher priced homes
- Southville, KY: higher priced homes
- Simpsonville, KY: higher priced homes
- Finchville, KY: higher priced homes
- Veechdale, KY: higher priced homes
Cities with Similar Populations
- Huntley, IL: higher priced homes
- Rosharon, TX: higher priced homes
- Peyton, CO: higher priced homes
- Paris, TX: less expensive homes
- Montclair, NJ: higher priced homes
- Menasha, WI: less expensive homes
- Malvern, PA: higher priced homes
- Ladera Ranch, CA: higher priced homes
- Kirkwood, MO: higher priced homes
- King of Prussia, PA: higher priced homes
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