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Shelby County Housing Market

Kentucky · 120 counties · Ranked #2537 in home value

Below National Avg

Housing at a Glance

Median Home Value

$277,500

vs national$277,500 vs $281,900 national

Median Gross Rent

$998/mo

vs national$998 vs $1,163 national

Effective Tax Rate

0.81%

vs national0.81% vs 1.02% national

Median Household Income

$82,671

vs national+$82,671 vs $74,755 national

Affordability Ratio

3.4x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

24.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$2,248

Tax as % of Home Value

0.81%

Monthly Owner Cost

$1,272

Renter Income

$48,705

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Frequently Asked Questions

What is the median home value in Shelby County?

The median home value in Shelby County is $277,500. This is below the national median of $281,900.

How much is rent in Shelby County?

The median gross rent in Shelby County is $998 per month.

What is the property tax rate in Shelby County?

The effective property tax rate in Shelby County is 0.81%. The median annual property tax bill is $2,248.

Is Shelby County affordable?

With a home-value-to-income ratio of 3.4x, Shelby County is moderately affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.