Housing in Shelby
Shelby's housing market runs genuinely affordable, with real, current price growth and a disclosed rent spread worth understanding directly.
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Learn moreA genuinely affordable, appreciating market
The median property value ran $232,700 in 2024, up a real 13% from $206,000 in 2023 -- genuine appreciation even as prices remain well below national and Montana statewide averages (base record).
A below-average homeownership rate
Shelby's homeownership rate ran approximately 61%, below the 65.2% national average -- a real, disclosed data point worth understanding alongside the town's affordability (base record).
A real, disclosed rent spread
Rent estimates ranged from $590/month (Zillow, cited as the least expensive city in Montana to rent) to $678/month (a second source) to $972/month (2024 median gross rent, Census-derived) (base record).
Confirm current, specific listings directly
Given the 2024-vintage property-value figure and real, disclosed rent spread, confirm current listings and rental availability directly with a local agent or landlord.
Key takeaways
- Shelby's median property value ran $232,700 (2024), up 13% YoY, well below national and Montana statewide averages.
- The homeownership rate (~61%) runs below the national average.
- Rent carries a real, disclosed spread from $590 to $972/month depending on source.
- Confirm current, address-specific listings directly given the data spread.
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