Shelby (48317) has an estimated 26,610 residents with 26,559 of those people in approximately 10,826 housing units. The 48317 zipcode contains 4,996 housing units that are owned with a mortgage or a loan, 1,727 housing units that are owned free and clear and 4,103 housing units that are renter occupied.

In 2018 the average percentage drop was 3.70% of original listing price.

Zip code 48317 is in the Detroit-Warren-Dearborn metropolitan area.
The median estimated home value in Shelby, MI (48317) is $198,800 as of 2018-10-31

The Zillow Market Health Index for Shelby, MI (48317) is 6.80. The corresponding state value is 6.27. This is higher than the overall Market Health Index of Michigan.
Metro value is 4.41.
This is significantly higher than the overall Market Health Index of Detroit-Warren-Dearborn.