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Preforeclosure Homes in Shelby, IA

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Living in Shelby, IA

Shelby, IA, is a quaint small town that offers a relaxed lifestyle surrounded by beautiful rural landscapes. With a close-knit community, parks, and strong educational facilities, it's an ideal location for families and those seeking tranquility away from city life. The town’s rich community spirit and nearby recreational opportunities make it a delightful place to call home.

Current Market Conditions in Shelby, IA

The current real estate market in Shelby is stable with a steady demand for homes. Prices are generally affordable, and there are a variety of options available ranging from older, charming houses to newer constructions. The low inventory of homes has led to increased competition among buyers, particularly for well-maintained properties.

There is a noticeable trend of newcomers moving into Shelby, attracted by its lower cost of living and quiet lifestyle. This influx is expected to slowly drive home prices up over time, making it an attractive market for investment.

Home Value Estimator For Shelby, IA

There are currently 421 real estate properties in Shelby, IA, with a median automated valuation model (AVM) price of $229,789.00. 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, IA, 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, IA, is $268,326.00, with the most expensive house in Shelby, IA, topping out at $1,412,120.00 and the cheapest home in Shelby, IA, clocking in at $14,410.00. In other words, there’s something for every potential homebuyer or savvy investor in Shelby, IA!

Rent Prices In Shelby, IA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Shelby, IA, is on a rollercoaster ride. The average rent price in Shelby, IA, is $1,326.00. Indeed, when looking to rent in Shelby, IA, you can expect to pay as little as $830.00 or as much as $2,020.00, with the average rent median estimated to be $1,330.00. The good news is that finding an affordable and desirable property to rent in Shelby, IA -- 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.

Shelby, IA Preforeclosure Homes


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