Shelby, MI Real Estate
According to census data in the year 2000 there were 25,241 housing units in Shelby.
This represents a 43.2% growth from 17,630 in 1990.
Of those housing units, 25,157 were located in either urbanized areas or urban clusters, and 84 were located in what is classified as a rural area.
Homeownership rate in Shelby is about 78.3%.
Shelby's vacancy rate, including seasonal lodging, is about 3.1%.
Average household size is 2.65 people.
The majority of houses, apartments or condos in Shelby were built after 1982.
|Housing Units by Size|
|Five Bedrooms or more||1.90%|
Owned Homes, Apartments and Condos
|Average Household Size||2.82|
|Median year structure was built||1981|
|Median Value of occupied units||$195,900|
|Median Price asked for vacant units||$209,100|
Rented Homes, Apartments and Condos
|Average Household Size||2.03|
|Median year structure was built||1983|
|Median Monthly Rent asked for vacant units||$648|
Owners Finance Status
|Second Mortgage & Equity Loan||0.20%|
|Home Equity Loan||15.80%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||17.3%|