Is Shelby expensive?

Shelby, MS

State	Mississippi
Population	1,688
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Shelby, MS

State

Population

1,688

Compared to other places in this area, Shelby is a little less expensive, and it is significantly less expensive compared to the nation as a whole. Compared to the city of Memphis, it is significantly less expensive.

Home prices

Shelby's median home value is $64,100. Compared to nearby areas this is approximately $19,300 (23%) lower.It is roughly $153,400 (70%) lower in comparison to the United States as a whole, and in comparison to the city of Memphis is approximately $37,700 (37%) lower.

United States

Alligator

Memphis

Merigold

Mound Bayou

Winstonville

Shelby

Gunnison

Comparison of median Shelby home price to nearby areas

Distribution of home prices for Shelby and nearby areas

Rents

In Shelby the median monthly rent is $481. This is approximately $46 (8%) lower compared to other places in this area.In comparison to the entire country it is about $581 (54%) lower, and in comparison to the city of Memphis is roughly $420 (46%) lower.

United States

Memphis

Merigold

Alligator

Shelby

Gunnison

Mound Bayou

Winstonville

Comparison of median Shelby rent to nearby areas

Distribution of rents for Shelby and nearby areas

Nearby places

Winstonville

Winstonville is approximately 2 miles south from Shelby. Its real estate prices are a little more expensive. Winstonville's median home value is $76,100, which comes out to $12,000 (15%) higher than Shelby. Rents there are a lot less expensive. Winstonville's median rent is $247 a month, which comes out to $234 (94%) lower than Shelby.

Mound Bayou

Mound Bayou is approximately 5 miles south of Shelby. The real estate prices there are somewhat more expensive. The cost of the median home in Mound Bayou is $81,900, which works out to $17,800 (21%) higher than Shelby. Rent there is fairly similar. Mound Bayou's median rent is $465 per month, which works out to $16 (3%) lower than Shelby.

Merigold

Merigold is approximately 8 miles south of Shelby. The housing prices there are a bit more expensive. The median home in Merigold costs $88,900, which is $24,800 (27%) higher than Shelby. The rent there is a lot more expensive. Merigold's median monthly rent is $885, which is $404 (45%) higher than Shelby.

Gunnison

Gunnison is about 9 miles west of Shelby. Real estate prices there are pretty similar. The price of the median home in Gunnison is $63,800, which is very similar to Shelby. Rent there is fairly similar. In Gunnison the median monthly rent is $470, which is $11 (2%) lower than Shelby.

Alligator

Alligator is approximately 10 miles north of Shelby. The real estate prices there are a lot more expensive. The median home price in Alligator is $106,300, which comes out to $42,200 (39%) higher than Shelby. Rents there are a bit more expensive. Alligator's median monthly rent is $570, which is $89 (15%) higher than Shelby.