The housing market in Shelby, IA (51570) is booming! The median value of homes is $203,300, which is significantly lower than the US median house value of $338,100. As such, it's an attractive option for buyers looking to get more for their money. In addition, the rate of appreciation in the past year was 15.23%, almost double the US average of 8.27%. This means that anyone who buys a home in Shelby stands to gain a great return on their investment within 12 months.
The median home cost in Shelby (zip 51570) is $203,300. Home appreciation the last 10 years has been 69.7%. Home Appreciation in Shelby (zip 51570) is up 15.4%.
Average Age of Homes
- The median age of Shelby (zip 51570) real estate is 78 years old
The Rental Market in Shelby (zip 51570)
- Renters make up 22.5% of the Shelby (zip 51570) population
- 1.7% of houses and apartments in Shelby (zip 51570), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.