Shelby, MS Foreclosures
How much do homes sell for in Shelby, MS?
The average home price is currently $83,444.
What’s the average rental cost in Shelby, MS?
The average rental price in Shelby is $921.
What is the most expensive home in Shelby?
The most expensive home sold in Shelby had a price of $1,570,100.
What is currently the cheapest priced home in Shelby, MS?
The cheapest home for sale in Shelby is priced at $11,800.
Living in Shelby, MS
Shelby, Mississippi, is a charming small town known for its tight-knit community and affordable living. It offers a unique blend of rural tranquility and easy access to urban amenities in nearby cities. With a rich history and welcoming atmosphere, Shelby provides a great place for families and individuals seeking a peaceful lifestyle.
Current Market Conditions in Shelby, MS
The real estate market in Shelby, MS, remains stable, with a modest increase in home prices over the past year. Affordable housing options continue to attract both buyers and renters, with many properties offering good value for the investment. The market is particularly appealing to first-time homebuyers and those looking for investment opportunities in a small-town setting.
Recently, there has been a notable interest in Shelby due to its proximity to larger towns and an increasing number of remote workers seeking affordable living arrangements away from urban centers. This trend has contributed to a slight increase in demand for homes, leading to more competitive pricing.
Home Value Estimator For Shelby, MS
There are currently 791 real estate properties
in Shelby, MS,
with a median automated valuation model (AVM) price
of $60,500.00. 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, MS, 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, MS,
is $83,444.00, with the most expensive house
in Shelby, MS, topping out
at $1,570,100.00 and the cheapest home
in Shelby, MS,
clocking in at $11,800.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Shelby, MS!
Rent Prices
In Shelby, MS
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Shelby, MS, is on
a rollercoaster ride. The
average rent price in Shelby, MS,
is $921.00. Indeed, when looking to rent in
Shelby, MS, you can expect to pay as little
as $580.00 or as much
as $1,920.00,
with the average rent median estimated to
be $860.00. The good news is that finding
an affordable and desirable property to rent in Shelby, MS
-- 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
