Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$328,888−0.5% YoY · prices are flat
Market right nowBuyer's marketMore homes for sale than last year, 22% have cut their price
Income needed to buy, per year$71,296About 0.8× the local median income ($93,720): affordable for a typical household
Days on market44 daysAbout the same pace as a year ago
Next 12 months+3.3%Zillow expects prices to rise slightly
The typical home in Shelby County, KY is worth $328,888, down 0.5% from a year ago. That is slightly below what local incomes have historically supported: fair value is about $341,612, so the area is 3.7% undervalued. It is a buyer's market: homes take about 44 days to sell, listings are up 23% from a year ago, 22% of listings have had a price cut. Zillow expects prices to rise about 3.3% over the next year. A household needs about $71,296 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $93,720. Typical rent is $1,663 a month, or $1,737 for a house. In the latest IRS figures, 287 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$328,888
Change in 1 year
−0.5%
Overvalued %
−3.7%
Show 7 more
Fair home value
$341,612
Change in 5 years
+15.1%
Zillow forecast, next 12 months
+3.3%
Home value to income
3.5×
Monthly mortgage payment (20% down)
$1,782
Income needed to afford it
$71,296
Property tax rate
0.77%
Rent and investing
Typical rent
$1,663
Typical rent for houses
$1,737
Price-to-rent ratio
16.5×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,149
Gross rental yield
6.07%
Cap rate (estimate)
3.94%
Market activity
Listings vs a year ago
+23.4%
Days on market
44
Listings with a price cut
22.4%
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Homes for sale
169
Pending sales per 100 listings
37
Asking price per sq ft
$189
People and jobs
Median household income
$93,720
Population change (1 year)
+1.5%
Unemployment rate
4.2%
Show 4 more
Population
51,243
Income adjusted for cost of living
$100,666
Net moves in (IRS)
+287
Cost of living (US = 100)
93.1
Schools, risk and environment
School rating (1 to 10)
4.3
FEMA hazard risk score (0 to 100)
61.9
Flood risk score
61.4
Show 3 more
Wildfire risk score
21.4
Walkability (1 to 20)
5.6
Road, rail and air noise
54 dB
Questions people ask
Is Shelby County, KY overvalued?
Home prices in Shelby County, KY are slightly below what local incomes have historically supported: fair value is about $341,612, so the area is 3.7% undervalued.
Is Shelby County, KY a buyer's or seller's market?
Shelby County, KY is a buyer's market: homes take about 44 days to sell, listings are up 23% from a year ago, 22% of listings have had a price cut.
Are home prices going down in Shelby County, KY?
Home values in Shelby County, KY are down 0.5% over the last year. Zillow's forecast for the next 12 months is +3.3%.
How much do you need to earn to buy a home in Shelby County, KY?
A household needs about $71,296 a year to afford the typical home in Shelby County, KY at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $93,720.