Housing in Shelby, MI
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Zillow — January 2026Zillow Home Value Index
$232,023
Shelby vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Shelby is highlighted.
Median Home Value
32nd%ilemost expensive$124,000show rank
Median Rent
14th%ilemost expensive rent$682show rank
Rent Burden
26th%ilehighest rent burden15.4%show rank
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$124,000
Median Rent
$682
Total Housing Units
877
Vacancy Rate
4.6%
Owner Occupied
69.5%
Renter Occupied
30.5%
Median Property Tax
$1,533
per year
Monthly Cost (w/ Mortgage)
$755
Housing Types
Single Family75.8%
Multi-Family18.5%
Mobile Home5.7%
The median home value in Shelby, MI is $124,000. According to Zillow, the home value index for Shelby is $232,023. The median rent is $682 per month (Census ACS). About 69.5% of housing units are owner-occupied. The median year homes were built is 1961. There are 877 total housing units.