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

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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 $80,655, lower than the Missouri average of $194,908.

The average cost of rent is $592/mo in Shelby County, primarily driven by the current value of real estate in the Shelby County area. While nearly 61.72% of residents own their homes outright in Shelby County, 25.18% rent.

Housing affordability isn’t just about home prices, though. The average household income in Shelby County is $3,941 per month. Households that rent pay about 15.02% of their income on rent here. Shelby County's most expensive areas are in the eastern regions, while the cheapest areas are in the northern parts of the county.

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