Median Home Value
$212,400
Median Gross Rent
$987/mo
Homeownership Rate
72.5%
Rent as Share of Income
16.4%
Vacancy Rate
6.2%
Median Year Built
1972
Home Price Index (FHFA)
Home prices in Shelby County have risen 351% since 1986, 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
$1,118
1 Bedroom
$1,267
2 Bedroom
$1,473
3 Bedroom
$1,907
4 Bedroom
$2,338
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024; HUD Fair Market Rents 2026.