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Shelly, MN

Full City Profile · Minnesota · Norman County County

2.7 /5.0
C+ Fair
195 Population 929/sq mi density
$51,250 Median Income $25,905 per capita
$88,300 Home Value $166,270 Zillow
40°F Avg Temperature 276 sunny days/yr
202 Violent Crime/100K 860 property/100K
C+
Overall
2.7 / 5.0
Fair overall score based on economy, affordability, safety and education
C
Economy
2.0 / 5.0
$51,250 median income, 8.5% unemployment
A+
Affordability
5.0 / 5.0
$88,300 home value, /mo rent
F
Safety
1.0 / 5.0
202 violent crimes/100K
C+
Education
2.6 / 5.0
20.0% bachelor's degree or higher

Housing Overview

Median Home Value
$88,300
69% below
US avg: $281,900
Homeownership Rate
95.1%
45% above US avg (65.4%)
Total Housing Units
113
Median year built: 1944

Home Value by Source

Census Median
$88,300
Zillow (ZHVI)
$166,270
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

95.1%
Owner-Occupied
4.9%
Renter-Occupied
95%
5%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$809/mo
1 Bedroom
$899/mo
2 Bedroom
$1,125/mo
3 Bedroom
$1,483/mo
4 Bedroom
$1,698/mo

Affordability & Housing Stock

Rent Burden
27.1%
of renters spending 30%+ of income on housing
13% below US avg (31.0%)
Median Year Built
1944
Average age of housing stock: 82 years
Homeownership Rate
95.1%

Complete Housing Data

Home Values

Census Median Value$88,300
Zillow Home Value (ZHVI)$166,270

Rent

FMR Studio$809
FMR 1-Bedroom$899
FMR 2-Bedroom$1,125
FMR 3-Bedroom$1,483
FMR 4-Bedroom$1,698

Market

Ownership & Stock

Owner-Occupied95.1%
Renter-Occupied4.9%
Homeownership Rate95.1%
Total Housing Units113
Median Year Built1944
Rent Burden27.1%