Shelby, IA Profile: Facts & Data

The primary coordinate point for Shelby is located at latitude 41.5161 and longitude -95.4503 in Shelby County. The formal boundaries for the City of Shelby encompass a land area of 1.87 sq. miles and a water area of 0 sq. miles. Shelby County is in the Central time zone (GMT -6).

While the primary coordinates for City of Shelby are located in Shelby County, it should be noted that the formal boundaries for this community also extend into and Pottawattamie County.

The City of Shelby has a P1 Census Class Code which indicates populated place that is also an incorporated place with the same name and the same census code. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Shelby, IA Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	687 (100%)
Population in Households	687 (100.0%)
Population in Families	565 (82.2%)
Population in Group Quarters¹	0
Population Density	333
Diversity Index²	18


INCOME
Median Household Income	$75,908
Average Household Income	$98,802
% of Income for Mortgage⁴	15%
Per Capita Income	$42,138
Wealth Index⁵	90
Socioeconomic Status Index⁶	Moderate (56.8)

HOUSING
Total HU (Housing Units)	324 (100%)
Owner Occupied HU	220 (67.9%)
Renter Occupied HU	73 (22.5%)
Vacant Housing Units	31 ( 9.6%)
Median Home Value	$177,381
Average Home Value	$268,068
Housing Affordability Index³	164

HOUSEHOLDS
Total Households	293
Average Household Size	2.34
Family Households	194
Average Family Size	3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Shelby, IA - Peer Comparisons by Rank and Percentile

The table below compares Shelby to the other 1,026 incorporated cities, towns and CDPs in Iowa by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	-1.32%	-0.38%
Households	-0.24%	-0.27%
Families		-2.04%
Median Household Income		4.50%
Per Capita Income		3.25%
Owner Occupied HU		0.81%

Variable Description	Rank	Percentile
Total Population	# 388	62nd
Population Density	# 726	29th
Median Household Income	# 478	54th
Housing Affordability Index	# 755	74th
Per Capita Income	# 443	57th
Diversity Index	# 438	58th

Shelby, IA Profile: Facts & Data

Shelby, Iowa - Basic Facts

Shelby, IA Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Shelby, IA - Peer Comparisons by Rank and Percentile

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