Shelby, MT
Full City Profile · Montana · Toole County County
3.7
/5.0
B+
Good
3,129
Population
541/sq mi density
$53,357
Median Income
$31,495 per capita
$206,000
Home Value
$184,498 Zillow
$769
Median Rent
24.4% income on rent
42°F
Avg Temperature
B+
Overall
3.7 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.0 / 5.0
$53,357 median income, 2.2% unemployment
A+
Affordability
4.5 / 5.0
$206,000 home value, $769/mo rent
C+
Education
2.6 / 5.0
19.4% bachelor's degree or higher
Housing Overview
Median Home Value
$206,000
27% below
US avg: $281,900
Median Rent
$769/mo
34% below
US avg: $1,163/mo
Homeownership Rate
64.9%
1% below US avg (65.4%)
Total Housing Units
1,427
Median year built: 1961
Home Value by Source
Census Median
$206,000
Zillow (ZHVI)
$184,498
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
64.9%
Owner-Occupied
35.1%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$988/mo
1 Bedroom
$1,076/mo
2 Bedroom
$1,336/mo
3 Bedroom
$1,789/mo
4 Bedroom
$2,113/mo
Census median rent:
$769/mo
Affordability & Housing Stock
Rent Burden
24.4%
of renters spending 30%+ of income on housing
21% below US avg (31.0%)
Median Year Built
1961
Average age of housing stock: 65 years
Homeownership Rate
64.9%
Complete Housing Data
Home Values
| Census Median Value | $206,000 |
| Zillow Home Value (ZHVI) | $184,498 |
Rent
| Census Median Rent | $769 |
| FMR Studio | $988 |
| FMR 1-Bedroom | $1,076 |
| FMR 2-Bedroom | $1,336 |
| FMR 3-Bedroom | $1,789 |
| FMR 4-Bedroom | $2,113 |
Market
Ownership & Stock
| Owner-Occupied | 64.9% |
| Renter-Occupied | 35.1% |
| Homeownership Rate | 64.9% |
| Total Housing Units | 1,427 |
| Median Year Built | 1961 |
| Rent Burden | 24.4% |