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Affordable
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These days, finding an affordable place to live in the Shelly area can be challenging. Home prices in Shelly are now at a median cost of $134,200, lower than the Minnesota average of $345,793.
The average cost of rent is $697/mo in Shelly, primarily driven by the current value of real estate in the Shelly area. In Shelly, 20.08% of households rent, and 51.30% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Shelly is $5,979 per month. Households that rent pay about 11.66% of their income on rent here. Shelly’s most expensive areas are in the central 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
- Caledonia, ND: higher priced homes
- Nielsville, MN: higher priced homes
- Halstad, MN: equally priced homes
- Taft, ND: higher priced homes
- Hillsboro, ND: higher priced homes
- Hendrum, MN: higher priced homes
- Lockhart, MN: equally priced homes
- Climax, MN: higher priced homes
- Kelso, ND: higher priced homes
- Beltrami, MN: higher priced homes
Cities with Similar Populations
- West Batavia, NY: higher priced homes
- Carbondale, OH: equally priced homes
- Cardin, OK: higher priced homes
- Cardwell, MT: higher priced homes
- Carrabelle Beach, FL: higher priced homes
- Cashtown, PA: higher priced homes
- Casville, NC: higher priced homes
- Wellington Heights, WV: equally priced homes
- Wendelin, IL: higher priced homes
- Capay, CA: higher priced homes
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