Shelbyville, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Shelbyville Neighborhoods Since 2000




Shelbyville, IN Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Shelbyville Housing Market Information

With 19,133 people, 7,626 houses or apartments, and a median cost of homes of $111,736, house prices in Shelbyville are solidly below the national average.

Single-family detached homes are the single most common housing type in Shelbyville, accounting for 63.94% of the city's housing units. Other types of housing that are prevalent in Shelbyville include large apartment complexes or high rise apartments ( 14.54%), duplexes, homes converted to apartments or other small apartment buildings ( 11.45%), and a few row houses and other attached homes ( 5.52%).

People in Shelbyville primarily live in small (one, two or no bedroom) single-family detached homes. Shelbyville has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Shelbyville built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Shelbyville built before 1939 ( 26.34%). A lesser amount of the housing stock also hails from between 1940-1969 ( 25.99%). There's also some housing in Shelbyville built between 2000 and later ( 11.85%).

Vacant housing appears to be an issue in Shelbyville. Fully 11.44% of the housing stock is classified as vacant. Left unchecked, vacant Shelbyville homes and apartments can be a drag on the real estate market, holding Shelbyville real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Shelbyville Home Appreciation Rates

Real estate appreciation rates in Shelbyville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.44% during the period.

Over the last year, Shelbyville appreciation rates have trailed the rest of the nation. In the last twelve months, Shelbyville's appreciation rate has been -0.64%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Shelbyville were at -0.60%, which equates to an annual appreciation rate of -2.40%.

Notably, Shelbyville's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Indiana, our data show that Shelbyville's latest annual appreciation rate is lower than 90% of the other cities and towns in Indiana.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Shelbyville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Shelbyville - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Shelbyville real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$111,736

Shelbyville, IN HOME PRICES

Value Range
> $1,051,000 0.2
$789,001 - $1,051,000 0.2
$526,001 - $789,000 0.0
$420,001 - $526,000 0.6
$315,001 - $420,000 1.5
$211,001 - $315,000 6.2
$105,001 - $211,000 36.0
$52,001 - $105,000 43.8
$0 - $52,000 11.7

Low for IN
Low for Nation

Value Relative to Nation Value Relative to State
70.3211062932146 63.1221719457014

Number Of Homes And Apartments:
7,626

Shelbyville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IN*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
1.45% 0.08% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$781 / per month

Homeownership Rate

Homeownership
Owners 55.68
Renters 44.32
Vacant 11.44

Housing Market Details

 

Age of Homes

AGE OF Shelbyville HOMES
2000 or Newer 11.8
1970 - 1999 35.8
1940 - 1969 26.0
1939 or Older 26.3

Types of Homes

TYPE OF Shelbyville HOMES
Single-Family 63.9
Townhomes 5.5
Small Apt. Buildings 11.5
Apt. Complexes 14.5
Mobile Homes 4.6
Other 0.0

Home Size

SIZE OF Shelbyville HOMES
No Bedroom 2.46
1 Bedroom 14.41
2 Bedrooms 33.40
3 Bedrooms 38.66
4 Bedrooms 8.01
5 or more bedrooms 3.05