Median Home Value
$249,100
Median Gross Rent
$1,232/mo
Homeownership Rate
54.1%
Rent as Share of Income
23.2%
Vacancy Rate
10.3%
Median Year Built
1977
Home Price Index (FHFA)
Home prices in Shelby County have risen 499% since 1975, per FHFA's index.
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Index value, not a dollar figure — shows relative appreciation over time. Source: Federal Housing Finance Agency.
HUD Fair Market Rent (2026)
Studio
$1,060
1 Bedroom
$1,154
2 Bedroom
$1,274
3 Bedroom
$1,683
4 Bedroom
$1,959
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024; HUD Fair Market Rents 2026.