Is Shelby, OH a good place to invest in rental property?

Shelby, OH has a median modeled monthly cash flow of $-201 and a median cap rate of 4.8%, on a median sold price of $176,540. Prices changed -7.5% year over year.

What is the average cap rate in Shelby, OH?

The median cap rate across recently sold homes in Shelby, OH is 4.8%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Shelby, OH?

The median sold price in Shelby, OH is $176,540 (about $117 per square foot).

Investing in Shelby, OH Real Estate

A data-driven snapshot of the Shelby, OH rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$176,540Median sold price

$117Median $/sqft

4.8%Median cap rate

$-201Modeled cash flow / mo

-7.5%Appreciation YoY

3.3Months of supply

52Active listings

189Sold (last 12 mo)

What the Shelby numbers say

In Shelby, OH, the median home sold for $176,540 (about $117 per square foot), and the typical deal models out to a 4.8% cap rate with a median $-201 of monthly cash flow. Sold prices moved -7.5% over the past year. Inventory sits at about 3.3 months of supply — a tight, seller-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Ohio markets to compare

See Shelby cash-flowing listings

CashFlowRE ranks every for-sale home in Shelby, OH by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Shelby deals, or browse the national market data.