Shelby, NE
Full City Profile · Nebraska · Polk County County
3.8
/5.0
B+
Good
709
Population
1,313/sq mi density
$75,795
Median Income
$34,779 per capita
$112,200
Home Value
$199,635 Zillow
$521
Median Rent
22.9% income on rent
50°F
Avg Temperature
B+
Overall
3.8 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.2 / 5.0
$75,795 median income, 3.5% unemployment
A+
Affordability
5.0 / 5.0
$112,200 home value, $521/mo rent
C
Education
2.3 / 5.0
16.2% bachelor's degree or higher
Housing Overview
Median Home Value
$112,200
60% below
US avg: $281,900
Median Rent
$521/mo
55% below
US avg: $1,163/mo
Homeownership Rate
87.7%
34% above US avg (65.4%)
Total Housing Units
263
Median year built: 1965
Home Value by Source
Census Median
$112,200
Zillow (ZHVI)
$199,635
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
87.7%
Owner-Occupied
12.3%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$706/mo
1 Bedroom
$791/mo
2 Bedroom
$1,001/mo
3 Bedroom
$1,274/mo
4 Bedroom
$1,409/mo
Census median rent:
$521/mo
Affordability & Housing Stock
Rent Burden
22.9%
of renters spending 30%+ of income on housing
26% below US avg (31.0%)
Median Year Built
1965
Average age of housing stock: 61 years
Homeownership Rate
87.7%
Complete Housing Data
Home Values
| Census Median Value | $112,200 |
| Zillow Home Value (ZHVI) | $199,635 |
Rent
| Census Median Rent | $521 |
| FMR Studio | $706 |
| FMR 1-Bedroom | $791 |
| FMR 2-Bedroom | $1,001 |
| FMR 3-Bedroom | $1,274 |
| FMR 4-Bedroom | $1,409 |
Market
Ownership & Stock
| Owner-Occupied | 87.7% |
| Renter-Occupied | 12.3% |
| Homeownership Rate | 87.7% |
| Total Housing Units | 263 |
| Median Year Built | 1965 |
| Rent Burden | 22.9% |