Data through September 2026 · updated 2026-11-08 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$196,909+9.0% YoY · prices are rising fast
Market right nowBalanced, leaning buyersMore homes for sale than last year, 14% have cut their price
Income needed to buy, per year$42,686About 0.8× the local median income ($55,114): affordable for a typical household
Days on market48 daysFaster than a year ago: sellers have the edge
The typical home in Shelby County, MO is worth $196,909, up 9.0% from a year ago. That is well above what local incomes have historically supported: fair value is about $141,965, so the area is 38.7% overvalued. It is a balanced market, leaning toward buyers: homes take about 48 days to sell, listings are up 42% from a year ago, 14% of listings have had a price cut. A household needs about $42,686 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 $55,114. In the latest IRS figures, 9 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
$196,909
Change in 1 year
+9.0%
Overvalued %
+38.7%
Show 6 more
Fair home value
$141,965
Change in 5 years
+53.7%
Home value to income
3.6×
Monthly mortgage payment (20% down)
$1,067
Income needed to afford it
$42,686
Property tax rate
0.86%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$962
Market activity
Listings vs a year ago
+41.7%
Days on market
48
Listings with a price cut
13.8%
Show 3 more
Homes for sale
17
Pending sales per 100 listings
24
Asking price per sq ft
$69
People and jobs
Median household income
$55,114
Population change (1 year)
−1.9%
Unemployment rate
1.8%
Show 4 more
Population
5,870
Income adjusted for cost of living
$65,690
Net moves in (IRS)
+9
Cost of living (US = 100)
83.9
Schools, risk and environment
School rating (1 to 10)
6.6
FEMA hazard risk score (0 to 100)
15.9
Flood risk score
14.6
Show 3 more
Wildfire risk score
20.8
Walkability (1 to 20)
6.3
Road, rail and air noise
52 dB
Questions people ask
Is Shelby County, MO overvalued?
Home prices in Shelby County, MO are well above what local incomes have historically supported: fair value is about $141,965, so the area is 38.7% overvalued.
Is Shelby County, MO a buyer's or seller's market?
Shelby County, MO is a balanced market, leaning toward buyers: homes take about 48 days to sell, listings are up 42% from a year ago, 14% of listings have had a price cut.
Are home prices going down in Shelby County, MO?
Home values in Shelby County, MO are up 9.0% over the last year.
How much do you need to earn to buy a home in Shelby County, MO?
A household needs about $42,686 a year to afford the typical home in Shelby County, MO at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $55,114.