Shelbyville, KY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Shelbyville Neighborhoods Since 2000




Shelbyville, KY Real Estate Data


Shelbyville Housing Market Information

With a population of 15,253, 5,247 total housing units (homes and apartments), and a median house value of $162,669, Shelbyville real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Shelbyville, accounting for 62.69% of the city's housing units. Other types of housing that are prevalent in Shelbyville include large apartment complexes or high rise apartments ( 15.73%), duplexes, homes converted to apartments or other small apartment buildings ( 14.14%), and a few row houses and other attached homes ( 5.44%).

The most prevalent building size and type in Shelbyville are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 50.46% owning and 49.54% renting.

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 between 2000 and later ( 29.96%). A lesser amount of the housing stock also hails from between 1940-1969 ( 19.80%). There's also some housing in Shelbyville built before 1939 ( 11.97%).

Shelbyville Home Appreciation Rates

Appreciation rates for homes in Shelbyville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 2.86%, which ranks in the top 50% nationwide. This equates to an annual average Shelbyville house appreciation rate of 0.28%.

NeighborhoodScout's data show that during the latest twelve months, Shelbyville's appreciation rate, at 5.61%, has been at or slightly above the national average. In the latest quarter, Shelbyville's appreciation rate has been 1.70%, which annualizes to a rate of 6.96%.

Relative to Kentucky, our data show that Shelbyville's latest annual appreciation rate is higher than 70% of the other cities and towns in Kentucky.

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:
$162,669

Shelbyville, KY HOME PRICES

Value Range
> $1,130,000 0.3
$847,001 - $1,130,000 0.4
$565,001 - $847,000 0.6
$452,001 - $565,000 1.8
$339,001 - $452,000 5.0
$226,001 - $339,000 13.4
$113,001 - $226,000 52.3
$56,001 - $113,000 21.7
$0 - $56,000 4.4

Very High for KY
Average for Nation

Value Relative to Nation Value Relative to State
45.7515957135328 18.2957393483709

Number Of Homes And Apartments:
5,247

Rent & Ownership

 

Average Market Rent:
$920 / per month

Homeownership Rate

Homeownership
Owners 50.46
Renters 49.54
Vacant 6.42

Housing Market Details

 

Age of Homes

AGE OF Shelbyville HOMES
2000 or Newer 30.0
1970 - 1999 38.3
1940 - 1969 19.8
1939 or Older 12.0

Types of Homes

TYPE OF Shelbyville HOMES
Single-Family 62.7
Townhomes 5.4
Small Apt. Buildings 14.1
Apt. Complexes 15.7
Mobile Homes 2.0
Other 0.0

Home Size

SIZE OF Shelbyville HOMES
No Bedroom 2.50
1 Bedroom 9.54
2 Bedrooms 23.90
3 Bedrooms 47.46
4 Bedrooms 14.36
5 or more bedrooms 2.25

Shelbyville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
KY*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
20.53% 1.10% 2 2
* 10 is highest