Shelbyville, Kentucky Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Shelbyville, Kentucky rental market.
Shelbyville, Kentucky
Average Apartment Rent
$1,097
Y-o-Y Change in Average
Apartment Rent
12.6%
As of November 2024
Compared to a year ago, Shelbyville, Kentucky apartments have recorded a 12.6% rent increase.
Shelbyville, Kentucky Average apartment rent trend
Shelbyville, Kentucky Average Apartment Rent
Shelbyville, Kentucky Apartment rent ranges
At 77.33%, apartments priced $1,000 - $1,500 represent the bulk of Shelbyville, Kentucky rentals, while condos priced $700 - $1000 hold the lowest share of the market – 22.67%.
Shelbyville, Kentucky Housing tenure**
Renters take up 45% of Shelbyville, Kentucky real estate, occupying a total of 2,891 units, while homeowners live in 3,551 properties.
Median number of rooms of renter-occupied housing units**
4.6
Renter median household income**
$43,342
Average household size of renter-occupied housing units**
2.36
Rental vacancy rate**
3.2%
Shelbyville, Kentucky Renter-occupied housing units by no. of bedrooms**
There are 1,299 rentals in Shelbyville, Kentucky with 2 beds making up the highest share of the market, at 45%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 41 units. Overall, the median number of rooms in Shelbyville, Kentucky homes for rent is 4.6.
Shelbyville, Kentucky Renter-occupied units by age of householder**
Most condos for rent in Shelbyville, Kentucky are occupied by residents in the 35 - 44 years age group (25%), followed by those in the 45 - 54 years age group (19%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 1%.
Shelbyville, Kentucky Renter-occupied housing units by family type**
Shelbyville, Kentucky Renter-occupied housing units by the presence of own children**
A total of 1,643 apartments for rent in Shelbyville, Kentucky, or 57% of all rentals are family households. Additionally, 30% of rental homes include children under the age of 18 – that’s 853 units. All in all, the median size of a renter-occupied household in Shelbyville, Kentucky is 2.36.
Shelbyville, Kentucky Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 14% of the rental market. In contrast, residents with less than a high school degree reside in 25% of the homes for rent in Shelbyville, Kentucky.
Shelbyville, Kentucky Renter-occupied units by year structure built**
The highest share of Shelbyville, Kentucky apartment rentals, namely 22% or 626 units, were Built 1990 - 1999, followed by those Built 1980 - 1989 (15%, 448 units), and the ones Built 2010 - 2019 (15%, 438 units).
Shelbyville, Kentucky Renter-occupied units by year householder moved in**
Median year renter moved into unit 2016
Most Shelbyville, Kentucky renters (44%) moved in 2010 to 2017, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Shelbyville, Kentucky condos for rent is 2016.
Shelbyville, Kentucky Renter-occupied housing units by vehicles available**
When it comes to transportation options, 50% of Shelbyville, Kentucky renters have 1 vehicle available per household, 35% of them have 2 vehicles available, and 7% have 3 vehicles available.
Shelbyville, Kentucky Means of transportation to work of householders living in renter-occupied housing units**
Shelbyville, Kentucky Geographical mobility in the past year for householders living in renter-occupied housing units**
Shelbyville, Kentucky Average apartment rent by zip codes
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Shelbyville, Kentucky apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
