The Most Affordable Neighborhoods in Shelby County, MO by Home Value

These days, finding an affordable place to live in the Shelby County area can be challenging. Home prices in Shelby County are now at a median cost of $104,211, lower than the Missouri average of $246,641.

The average cost of rent is $595/mo in Shelby County, primarily driven by the current value of real estate in the Shelby County area. In Shelby County, 22.50% of households rent, and 63.27% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Shelby County is $4,370 per month. Households that rent pay about 13.61% of their income on rent here. Shelby County’s most expensive areas are in the eastern regions, while the cheapest areas are in the northwestern parts of the county.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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