Shelby Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

None

  • None 1-year change
  • None 1-year forecast

Foreclosures will be a factor impacting home values in the next several years. In Shelby 0.7 homes are foreclosed (per 10,000). This is lower than the national value of 3.6

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Shelby is 5.8%, which is lower than the national value of 6.0%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Shelby homeowners underwater on their mortgage is 15.3%.

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Relative ZHVI
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Shelby Market Overview

Data through Jun 30, 2015
  • No data ZHVI
  • No data 1-yr forecast
  • No data Median listing price
  • $99,675 Median sale price
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Shelby Market Health

Data through Jul 31, 2015
  • No recent data
  • No data Average days on Zillow
  • 15.3% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 5.8% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)
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Nearby Cities

Name Median ZHVI
Cherryville $96,700
Ellenboro $57,900
Blacksburg $57,300

Listings & Sales

Data through Jun 30, 2015
  • No recent data Median list price / sq ft
  • $63 Median sale price / sq ft
  • No data Listings with price cut
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Shelby Rentals

Data through Jul 31, 2015
  • Zillow Rent Index

  • $867 Shelby
    $916 Shelby Metro
    $1,376 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • No data Breakeven horizon
  • No data Rent list price
  • No data Rent list price / sq ft
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