Shelby, OH—44875
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Shelby, OH
As of Oct '25, the median home price in Shelby, OH is $177,000, with a year-over-year change of 5.5%. This indicates that home prices in Shelby, OH are increasing. According to Zillow, the 1-year price projection is 3.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $177,000 | 5.5% |
| Single Family | $176,000 | 5.4% |
| Condos | $202,000 | 6.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $132,000 | 6.5% |
3 Bed | $187,000 | 6.2% |
4 Bed | $234,000 | 6.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Shelby, OH
As of July '25, Rentcast reports the average rent in Shelby, OH is $635, with a year-over-year rent change of -15.7%. Per bedroom, the median rent as of July '25 in Shelby, OH is studios: $575, 1-bedrooms: $595, 2-bedrooms: $668. The most common rental property sizes in Shelby, OH are 2-bedroom and 3-bedroom, accounting for 40.4% and 28.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $600 | $635 |
| Studio Rent | $550 | $575 |
| 1 Bed Rent | $540 | $595 |
| 2 Bed Rent | $600 | $668 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Shelby, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Shelby, OH is 29. This is a decrease of -21.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $184,000 | -24.0% |
Listing Count | 48 | 22.0% |
| Listings as % of Homes | 0.4% | 22.0% |
Days on Market | 29 | -21.0% |
Demographics — Shelby, OH
As of the latest ACS Survey released in 2023, Shelby, OH has a population of 14,000, which has increased by 4.4% over the past 5 years. Shelby, OH is a popular place for families, as children make up 26.0% of the population. The area has a poorly educated workforce, with 14.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 14,000 | 4.4% |
% Under 18 | 26.0% | 29.4% |
% Seniors | 20.3% | -1.0% |
% WFH | 6.0% | 130.8% |
% w/ College Degree | 14.7% | -8.7% |
As of the latest ACS Survey released in 2023, Shelby, OH is a predominantly white area, with 94.6% of the population identifying as white. The white population has shrunk by 1.3% in the last 5 years. The second most common race or ethnicity in Shelby, OH is hispanic, making up 2.3% of the population. Foreign-born residents account for 0.9% of the population in Shelby, OH, and this percentage has increased by 125.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 94.6% | -1.3% |
% Black | 0.5% | 150.0% |
% Hispanic | 2.3% | 21.1% |
% Asian | 1.2% | 500.0% |
% Foreign Born | 0.9% | 125.0% |
Mortgage and Risk — Shelby, OH
According to HUD data as of 2023, there were 258 mortgage originations in Shelby, OH, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Shelby, OH. Investor activity is low, as 3.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 258 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Shelby, OH
Shelby, OH lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 113 |
Total Units Section 8 | 113 |
% Rentals under Section 8 | 8.0% |
% Occupied Section 8 | 90.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $170 | $540 | $710 |
| 2 Bedroom | $280 | $600 | $880 |
| 3 Bedroom | N/A | N/A | $1,220 |
| 4 Bedroom | N/A | N/A | $1,410 |
Affordability — Shelby, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $177,000 |
| Median Household Income | $60,700 |