Shelbyville – Area Information and Real Estate Overview
Part of what makes Shelbyville such a desirable place to live is its smaller size yet, big-time living Kentucky Style. Shelby County, where Shelbyville is located, boasts that the area will suit many pallets with their tagline, “Stable, Tables and Designer Labels.” There are world-class horse racing and competitions in this area, along with plenty of highly acclaimed dining options. The factory designer stores are also a draw for those who want to do a little retail therapy.
Shelbyville is investing in its city by welcoming new businesses and making significant improvements to infrastructure. This is raising the quality of life among residents and stirring the local economy. Shelbyville is surrounded by several other small towns like Elizabethtown, Radcliff, Bardstown, and Mt. Washington. Not only does this make for a series of stronger communities working together but allows residents to float from one town to another enjoying each other’s unique features. This region is special, from the museums near Fort Knox to the distilleries along the Bourbon Trail, all the way to Louisville’s big-city offerings and Derby’s track.
The Shelbyville real estate market has seen some flips and flops. The median home price is about $173,000 which is down from last year’s average price of $192,000. The market is still very good and gaining in popularity among families especially. Real estate is made up of one part older construction and traditional Midwest and Southern homes, to new construction homes in more affluent neighborhoods.