Shelby, NC—28152
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Shelby, NC
As of Oct '25, the median home price in Shelby, NC is $208,000, with a year-over-year change of -6.3%. This indicates that home prices in Shelby, NC are decreasing. According to Zillow, the 1-year price projection is 0.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $208,000 | -6.3% |
| Single Family | $208,000 | -5.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $167,000 | -1.8% |
3 Bed | $253,000 | 0.8% |
4 Bed | $319,000 | 0.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Shelby, NC
As of July '25, Rentcast reports the average rent in Shelby, NC is $1,370, with a year-over-year rent change of -3.5%. Per bedroom, the median rent as of July '25 in Shelby, NC is 1-bedrooms: $899, 2-bedrooms: $1,050, 3-bedrooms: $1,590, 4-bedrooms: $1,940. The most common rental property sizes in Shelby, NC are 2-bedroom and 3-bedroom, accounting for 51.0% and 32.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,280 | $1,370 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $899 | $899 |
| 2 Bed Rent | $1,050 | $1,050 |
| 3 Bed Rent | $1,740 | $1,590 |
| 4 Bed Rent | $1,900 | $1,940 |
% of Rental Stock
Property Listings — Shelby, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Shelby, NC is 48. This is a increase of 6.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $285,000 | 3.0% |
Listing Count | 116 | 4.0% |
| Listings as % of Homes | 0.6% | 4.0% |
Days on Market | 48 | 6.0% |
Demographics — Shelby, NC
As of the latest ACS Survey released in 2023, Shelby, NC has a population of 27,000, which has increased by 6.6% over the past 5 years. Shelby, NC is a popular place for families, as children make up 25.2% of the population. The area has a poorly educated workforce, with 23.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,000 | 6.6% |
% Under 18 | 25.2% | 11.0% |
% Seniors | 16.0% | -7.0% |
% WFH | 6.9% | 228.6% |
% w/ College Degree | 23.5% | 13.0% |
As of the latest ACS Survey released in 2023, Shelby, NC is a predominantly white area, with 65.3% of the population identifying as white. The white population has shrunk by 5.2% in the last 5 years. The second most common race or ethnicity in Shelby, NC is black, making up 22.4% of the population. Foreign-born residents account for 2.1% of the population in Shelby, NC, and this percentage has decreased by 25.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 65.3% | -5.2% |
% Black | 22.4% | -2.2% |
% Hispanic | 3.5% | -37.5% |
% Asian | 0.8% | 60.0% |
% Foreign Born | 2.1% | -25.0% |
Mortgage and Risk — Shelby, NC
According to HUD data as of 2023, there were 544 mortgage originations in Shelby, NC, of which 68.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 37.0% above 90% LTV (very high). This implies large mortgage risk in Shelby, NC. Investor activity is low, as 2.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 544 |
% Conventional Loans | 68.0% |
% Government Loans | 32.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Shelby, NC
Shelby, NC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 357 |
Total Units Section 8 | 340 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 78.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$189 | $899 | $710 |
| 2 Bedroom | -$120 | $1,050 | $930 |
| 3 Bedroom | -$440 | $1,740 | $1,300 |
| 4 Bedroom | -$500 | $1,900 | $1,400 |
Affordability — Shelby, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $208,000 |
| Median Household Income | $55,900 |