Shelby, IN Foreclosures
How much do homes sell for in Shelby, IN?
The average home price is currently $175,086.
In Shelby, IN, how many homes are available?
There are currently 2,722 active home listings available in Shelby.
What’s the average rental cost in Shelby, IN?
The average rental price in Shelby is $1,220.
What is the most expensive home in Shelby?
The most expensive home sold in Shelby had a price of $458,762.
What is currently the cheapest priced home in Shelby, IN?
The cheapest home for sale in Shelby is priced at $57,053.
Living in Shelby, IN
Shelby, Indiana, is a charming small town that offers a blend of suburban living with access to nature. With well-maintained parks, a strong community vibe, and good schools, it is an ideal place for families. The town's peaceful atmosphere is complemented by nearby amenities and recreational opportunities.
Current Market Conditions in Shelby, IN
The real estate market in Shelby has been showing a steady increase in demand, especially among first-time homebuyers looking for affordable options. The average home prices have been rising, yet they remain reasonable compared to urban areas, attracting many to consider moving to this tranquil town.
Investors are noting a trend toward the rehabilitation of older homes, with many buyers keen to modernize properties while maintaining their historic charm. Shelby's growth potential is evident as more families seek the benefits of a suburban lifestyle.
Overall, there's a healthy mix of new constructions and established homes, making it a balanced market for buyers and sellers alike.
Home Value Estimator For Shelby, IN
There are currently 98 real estate properties
in Shelby, IN,
with a median automated valuation model (AVM) price
of $148,200.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Shelby, IN, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Shelby, IN,
is $175,086.00, with the most expensive house
in Shelby, IN, topping out
at $458,762.00 and the cheapest home
in Shelby, IN,
clocking in at $57,053.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Shelby, IN!
Rent Prices
In Shelby, IN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Shelby, IN, is on
a rollercoaster ride. The
average rent price in Shelby, IN,
is $1,220.00. Indeed, when looking to rent in
Shelby, IN, you can expect to pay as little
as $780.00 or as much
as $1,680.00,
with the average rent median estimated to
be $1,200.00. The good news is that finding
an affordable and desirable property to rent in Shelby, IN
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
