Much like the surrounding areas, it's substantially less expensive compared to the United States as a whole. However it is a little less expensive compared to the city of Huntsville.
Home prices
The median home value in Shelbyville is $124,500. Compared to the surrounding areas it is roughly $5,060 (3%) lower.It is about $93,000 (42%) lower compared to the rest of the country, and compared to the city of Huntsville it is about $58,400 (31%) lower.
Rents
Shelbyville's median monthly rent is $768. It is approximately $64 (7%) lower in comparison to its surrounding areas.In comparison to the US as a whole it is approximately $294 (27%) lower, and it is approximately $59 (7%) lower in comparison to the city of Huntsville.
Nearby places
Wartrace
Wartrace is roughly 6 miles east of Shelbyville. The housing prices there are somewhat less expensive. The median home value in Wartrace is $104,700, which is $19,800 (18%) lower than Shelbyville. Rent there is fairly similar. The median monthly rent in Wartrace is $750, which is $18 (2%) lower than Shelbyville.
Bell Buckle
Bell Buckle is approximately 8 miles northeast from Shelbyville. The housing prices there are a little more expensive. Bell Buckle's median home cost is $171,500, which comes out to $47,000 (27%) higher than Shelbyville. Its rents are a little more expensive. Bell Buckle's median rent is $994 a month, which comes out to $226 (22%) higher than Shelbyville.
Normandy
Normandy is approximately 10 miles east from Shelbyville. Housing prices there are significantly less expensive. The cost of the median home in Normandy is $85,000, which is $39,500 (46%) lower than Shelbyville. Rent there is somewhat more expensive. In Normandy the median rent is $1,125 a month, which comes out to $357 (31%) higher than Shelbyville.
Unionville
Unionville is roughly 10 miles northwest from Shelbyville. The housing prices there are somewhat more expensive. The cost of the median home in Unionville is $140,100, which comes out to $15,600 (11%) higher than Shelbyville. Its rents are substantially less expensive. In Unionville the median rent is $534 a month, which works out to $234 (43%) lower than Shelbyville.
Tullahoma
Tullahoma is approximately 14 miles southeast from Shelbyville. Its real estate prices are somewhat more expensive. Tullahoma's median home cost is $146,500, which is $22,000 (15%) higher than Shelbyville. Rent there is pretty similar. In Tullahoma the median rent is $758 per month, which comes out to $10 (1%) lower than Shelbyville.
