Home prices
The median home in Shelby is valued at $87,700. This is about $32,900 (27%) lower compared to its nearby areas.Compared to the US as a whole it is roughly $129,800 (59%) lower, and it is about $55,700 (38%) lower in comparison to the city of Grand Rapids.
Rents
Shelby's median monthly rent is $728. This is about $88 (13%) higher compared to its nearby areas.It is roughly $334 (31%) lower compared to the country as a whole, and in comparison to the city of Grand Rapids is about $197 (21%) lower.
Nearby places
New Era
New Era is approximately 3 miles south from Shelby. Housing prices there are a little more expensive. The value of the median home in New Era is $117,400, which is $29,700 (25%) higher than Shelby. Its rents are somewhat less expensive. New Era's median rent is $638 a month, which works out to $90 (14%) lower than Shelby.
Hart
Hart is roughly 5 miles north from Shelby. Real estate prices there are fairly similar. The median home in Hart costs $86,700, which works out to $1,000 (1%) lower than Shelby. The rent there is somewhat less expensive. In Hart the median rent is $674 a month, which comes out to $54 (8%) lower than Shelby.
Rothbury
Rothbury is roughly 5 miles south from Shelby. Its housing prices are a bit more expensive. Rothbury's median home value is $96,500, which comes out to $8,800 (9%) higher than Shelby. Rent there is a bit less expensive. Rothbury's median monthly rent is $646, which is $82 (12%) lower than Shelby.
Pentwater
Pentwater is about 11 miles north from Shelby. The real estate prices there are a lot more expensive. The median home in Pentwater costs $247,400, which is $159,700 (64%) higher than Shelby. Rents there are somewhat less expensive. The median monthly rent in Pentwater is $593, which works out to $135 (22%) lower than Shelby.
Walkerville
Walkerville is approximately 12 miles northeast of Shelby. Its real estate prices are a lot less expensive. The median home cost in Walkerville is $55,000, which is $32,700 (59%) lower than Shelby. Its rents are a little less expensive. Walkerville's median monthly rent is $650, which is $78 (12%) lower than Shelby.
