Shelby, IA Real Estate
According to census data in the year 2000 there were 291 housing units in Shelby.
This represents a 7.4% growth from 271 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 291 were located in what is classified as a rural area.
Homeownership rate in Shelby is about 80.6%.
Shelby's vacancy rate, including seasonal lodging, is about 6.2%.
Average household size is 2.43 people.
The majority of houses, apartments or condos in Shelby were built after 1939.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 3.40% |
| Two Bedrooms | 30.90% |
| Three Bedrooms | 37.10% |
| Four Bedrooms | 21.30% |
| Five Bedrooms or more | 7.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.53 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $73,400 |
| Median Price asked for vacant units | $62,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.02 |
| Median year structure was built | 1956 |
| Median Monthly Rent asked for vacant units | $338 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 4.10% |
| Home Equity Loan | 5.10% |
| Simple Mortgage | 47.20% |
| Debt Free | 43.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.4% |
