Home prices
The median home cost in Shelby is $119,300. In comparison to its nearby areas this is approximately $15,940 (15%) higher.It is roughly $98,200 (45%) lower in comparison to the nation as a whole, and compared to the city of Charlotte it is roughly $101,000 (45%) lower.
Rents
The median rent in Shelby is $707 per month. This is approximately $23 (3%) higher in comparison to nearby areas.It is roughly $355 (33%) lower in comparison to the entire country, and in comparison to the city of Charlotte is about $428 (37%) lower.
Nearby places
Light Oak
Light Oak is Shelby's neighbor to the east. Housing prices there are significantly less expensive. The cost of the median home in Light Oak is $67,500, which comes out to $51,800 (76%) lower than Shelby. Rents there are somewhat more expensive. Light Oak's median rent is $903 per month, which comes out to $196 (21%) higher than Shelby.
Patterson Springs
Patterson Springs is roughly 4 miles south of Shelby. Real estate prices there are substantially less expensive. Patterson Springs's median home cost is $83,000, which is $36,300 (43%) lower than Shelby. Its rents are somewhat less expensive. In Patterson Springs the median monthly rent is $588, which is $119 (20%) lower than Shelby.
Lattimore
Lattimore is about 5 miles west of Shelby. Real estate prices there are somewhat less expensive. The price of the median home in Lattimore is $99,400, which works out to $19,900 (20%) lower than Shelby. Rents there are a little less expensive. In Lattimore the median rent is $625 per month, which comes out to $82 (13%) lower than Shelby.
Kingstown
Kingstown is approximately 6 miles northwest from Shelby. Its housing prices are substantially less expensive. The median home price in Kingstown is $83,300, which works out to $36,000 (43%) lower than Shelby. Rent there is a little less expensive. In Kingstown the median rent is $668 per month, which is $39 (5%) lower than Shelby.
Boiling Springs
Boiling Springs is approximately 6 miles southwest of Shelby. The real estate prices there are substantially more expensive. The median home in Boiling Springs is valued at $183,600, which is $64,300 (35%) higher than Shelby. The rent there is a little less expensive. Boiling Springs's median rent is $635 per month, which works out to $72 (11%) lower than Shelby.
