Home Price Key
Affordable
Average
Expensive
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 $192,122, lower than the Tennessee average of $218,916.
The average cost of rent is $1,215/mo in Shelby County, primarily driven by the current value of real estate in the Shelby County area. While nearly 36.69% of residents own their homes outright in Shelby County, 42.44% rent.
Housing affordability isn’t just about home prices, though. The average household income in Shelby County is $5,979 per month. Households that rent pay about 20.33% of their income on rent here. Shelby County's most expensive areas are in the northeastern regions, while the cheapest areas are in the northwestern parts of the county.
Nearby Counties
- Crittenden County, AR: less expensive homes
- Fayette County, TN: higher priced homes
- Hardeman County, TN: less expensive homes
- St. Francis County, AR: less expensive homes
- Cross County, AR: less expensive homes
- McNairy County, TN: less expensive homes
- Woodruff County, AR: less expensive homes
- Hardin County, TN: less expensive homes
- White County, AR: less expensive homes
- Wayne County, TN: less expensive homes
Counties with Similar Populations
- Fresno County, CA: higher priced homes
- Honolulu County, HI: higher priced homes
- Westchester County, NY: higher priced homes
- Duval County, FL: higher priced homes
- Marion County, IN: less expensive homes
- St. Louis County, MO: higher priced homes
- Pierce County, WA: higher priced homes
- Pinellas County, FL: higher priced homes
- Milwaukee County, WI: equally priced homes
- Prince George's County, MD: higher priced homes
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