The typical owner-occupied home in Shelby County is worth about $99,900, 57% below the Missouri median of $230,300 and 70% below the national median of $332,700. Owners pay a median $860 a year in property taxes, about 0.86% of their home's value, close to the Missouri rate of 0.85%. The median household earns $51,594 a year, so the median home costs 1.9 times the median income (3.3 times for Missouri). 77% of occupied homes here are lived in by their owners, and 37% of those owners still have a mortgage.
Shelby County at a glance
| Shelby County | Missouri | U.S. | |
|---|---|---|---|
| Median home value | $99,900 | $230,300 | $332,700 |
| Median property tax paid per year | $860 | $1,948 | $3,119 |
| Property tax as a share of value | 0.86% | 0.85% | 0.94% |
| Median household income | $51,594 | $70,702 | $80,734 |
| Homes lived in by their owners | 77% | 68% | 65% |
| Owner homes with a mortgage | 37% | 60% | 61% |
| Median monthly costs, owners with a mortgage | $1,045 | $1,524 | $1,963 |
| Those costs as a share of the owners' income | 19.0% | 19.0% | 21.0% |
| Median rent | $625 | $1,033 | $1,413 |
| Rent as a share of renters' income | 22.4% | 28.1% | 30.6% |
| Median year homes were built | 1971 | 1978 | 1980 |
| Vacant homes | 18.9% | 11.2% | 10.1% |
| Population | 5,986 | 6,191,814 | 334,922,499 |
What a typical home costs per month in Shelby County
At this week's average 30-year rate of 7.11%, buying the median Shelby County home of $99,900 with 20% down costs about $651 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $817, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $27,894 for the 20%-down payment. That payment is 15% of the median Shelby County household income of $51,594; at that income and 20% down, the 28% guideline points to a home of about $185,000.
The median rent here is $625 a month, so owning the median home costs about $26 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $19,980 |
|---|---|
| Loan amount | $79,920 |
| Principal and interest | $538 |
| Property taxes (0.86% a year) | $72 |
| Homeowners insurance (our estimate, 0.5% a year) | $42 |
| PMI | $0 |
| Total per month | $651 |
Change the numbers in the calculator
| Down payment | $3,496 |
|---|---|
| Loan amount | $98,091 |
| Principal and interest | $660 |
| Property taxes (0.86% a year) | $72 |
| Homeowners insurance (our estimate, 0.5% a year) | $42 |
| FHA mortgage insurance | $44 |
| Total per month | $817 |
Change the numbers in the calculator
Questions about home buying in Shelby County
What is the median home value in Shelby County?
About $99,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Shelby County?
Homeowners pay a median $860 a year, which is about 0.86% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Shelby County?
For the median home with 20% down at 7.11%, the payment is about $651 a month. Keeping that under 28% of gross income takes about $27,894 a year.
More about Shelby County
- Mortgage Refinance in Shelby County
- Debt Relief in Shelby County
- Home Equity Loans in Shelby County
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data