Similar to its nearby areas, it's significantly less expensive compared to the US as a whole. However it is a little less expensive compared to the city of Cincinnati.
Home prices
The median home in Shelbyville costs $102,100. Compared to the surrounding areas this is roughly $4,180 (4%) higher.In comparison to the United States as a whole it is approximately $115,400 (53%) lower, and it is about $35,900 (26%) lower in comparison to the city of Cincinnati.
Rents
The median monthly rent in Shelbyville is $795. In comparison to its nearby areas it is approximately $74 (10%) higher.Compared to the rest of the nation it is about $267 (25%) lower, and in comparison to the city of Cincinnati it is approximately $57 (7%) higher.
Nearby places
Fairland
Fairland is about 5 miles northwest from Shelbyville. The real estate prices there are a bit more expensive. The median home price in Fairland is $123,000, which comes out to $20,900 (16%) higher than Shelbyville. Rent there is somewhat more expensive. In Fairland the median monthly rent is $846, which comes out to $51 (6%) higher than Shelbyville.
Manilla
Manilla is approximately 7 miles east of Shelbyville. The real estate prices there are somewhat less expensive. The cost of the median home in Manilla is $82,300, which is $19,800 (24%) lower than Shelbyville. Its rents are a little less expensive. Manilla's median monthly rent is $643, which is $152 (23%) lower than Shelbyville.
Waldron
Waldron is approximately 7 miles southeast from Shelbyville. Its real estate prices are fairly similar. The value of the median home in Waldron is $98,900, which comes out to $3,200 (3%) lower than Shelbyville. Rents there are substantially less expensive. The median rent in Waldron is $528 a month, which is $267 (50%) lower than Shelbyville.
St. Paul
St. Paul is about 10 miles southeast of Shelbyville. Real estate prices there are a little less expensive. The price of the median home in St. Paul is $82,700, which works out to $19,400 (23%) lower than Shelbyville. Rents there are fairly similar. In St. Paul the median rent is $794 per month, which is very similar to Shelbyville.
Morristown
Morristown is approximately 10 miles north from Shelbyville. The real estate prices there are similar. The price of the median home in Morristown is $102,700, which is very similar to Shelbyville. Its rents are similar. The median rent in Morristown is $795 per month, which is very similar to Shelbyville.
