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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 $339,385, higher than the Michigan average of $250,415.
The average cost of rent is $1,201/mo in Shelbyville, primarily driven by the current value of real estate in the Shelbyville area. In Shelbyville, 16.34% of households rent, and 38.17% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Shelbyville is $7,606 per month. Households that rent pay about 15.79% of their income on rent here. Shelbyville’s most expensive areas are in the eastern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Bradley, MI: equally priced homes
- Circle Pine Center, MI: less expensive homes
- Hooper, MI: less expensive homes
- Martin, MI: less expensive homes
- Wayland, MI: less expensive homes
- Hopkinsburg, MI: less expensive homes
- Watson, MI: less expensive homes
- Prairieville, MI: higher priced homes
- Middleville, MI: equally priced homes
- Hopkins, MI: less expensive homes
Cities with Similar Populations
- Bayou La Batre, AL: less expensive homes
- Yorkville, NY: less expensive homes
- Wormleysburg, PA: less expensive homes
- Whitehall, WI: less expensive homes
- Westport, WA: less expensive homes
- Waterloo, NE: higher priced homes
- Wallburg, NC: equally priced homes
- Upland, PA: less expensive homes
- Troy, MT: equally priced homes
- Sugar City, ID: higher priced homes
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