Quick facts: Shelby, NC

Quick Facts

100.6
Cost of Living
above US average
21,855
Population
34.64
Crime Rate per 1000
above US average
$46,176
Median Income
below US average
$250,000
Median House Price
above US average
$1217.76
Average Rent
below US average
18%
Poverty Rate
above US average
4.2%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $46,176.

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Income Needed to Buy

βœ— Stretch
$78k/year
Based on $250,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $78k vs median $46,176
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Income Needed to Rent

⚠ Stretch
$52k/year
Based on $1217.76/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $52k vs median $46,176
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Shelby, NC

Shelby, North Carolina, is a charming city located in the western part of the state, serving as the county seat of Cleveland County. Known for its rich history and small-town feel, Shelby is often celebrated for its vibrant community and beautiful landscapes. The city features a mix of historical architecture and modern amenities, providing a quaint atmosphere with plenty of opportunities for shopping, dining, and entertainment. Shelby is home to several parks, including the scenic Shelby City Park, which boasts walking trails, playgrounds, and picnic areas. The city also hosts various annual events, such as the Cleveland County Fair, attracting visitors from all over the region. The historical significance of Shelby is highlighted by sites like the Earl Scruggs Center, honoring the famed bluegrass musician, and several historic districts that showcase the architectural charm of the area. With its friendly community vibes and close proximity to larger cities like Charlotte, Shelby offers a perfect blend of suburban tranquility and accessibility. It's a great place to explore Southern hospitality in a setting rich with cultural heritage.

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