Housing · Shelby
Shelby, MT housing market
The typical Shelby home is worth about $185,000, up 1.7% in a year, 61% below the Montana typical home.
Home values, sales, trends and how Shelby compares with the towns next door — updated as new data is published.
The market right now
Shelby at a glance
Typical home value
$185K
▲ 1.7% in a year · Zillow
Ten-year trend
Typical home value, 2016–2026
ShelbyMontana
Show as a table
| January | Shelby | Montana |
|---|---|---|
| 2017 | $114,000 | $233,000 |
| 2018 | $114,000 | $248,000 |
| 2019 | $120,000 | $262,000 |
| 2020 | $121,000 | $277,000 |
| 2021 | $123,000 | $318,000 |
| 2022 | $134,000 | $406,000 |
| 2023 | $151,000 | $434,000 |
| 2024 | $159,000 | $447,000 |
| 2025 | $177,000 | $464,000 |
| 2026 | $179,000 | $468,000 |
| August 2026 | $185,000 | $472,000 |
Affordability
3.2 years of income
The typical Shelby home costs about 3.2 years of the town's median household income, less than across Montana (6.5 years).
How Shelby ranks on affordability →
Home value ÷ ACS median household income.
The homes
Owners, rent & taxes
Homeownership
61%
Montana: 69.2%
Median tax bill
$2,013
Montana: $2,693
Median rent
$893
Montana: $1,081
Typical home built
1960
Montana: 1981
U.S. Census Bureau, ACS 2020-2024.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Listings link to their publishers.