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

Shelby, OH has a median modeled monthly cash flow of $-157 and a median cap rate of 5.1%, on a median sold price of $177,770. Prices changed -9.1% year over year.

What is the average cap rate in Shelby, OH?

The median cap rate across recently sold homes in Shelby, OH is 5.1%, 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 $177,770 (about $116 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.

$177,770Median sold price

$116Median $/sqft

5.1%Median cap rate

$-157Modeled cash flow / mo

-9.1%Appreciation YoY

4.2Months of supply

64Active listings

184Sold (last 12 mo)

What the Shelby numbers say

In Shelby, OH, the median home sold for $177,770 (about $116 per square foot), and the typical deal models out to a 5.1% cap rate with a median $-157 of monthly cash flow. Sold prices moved -9.1% over the past year. Inventory sits at about 4.2 months of supply. 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.