Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$246,250+7.0% YoY · prices are rising fast
Market right nowBalanced marketMore homes for sale than last year, 26% have cut their price
Income needed to buy, per year$53,382About 0.7× the local median income ($75,593): affordable for a typical household
Days on market45 daysFaster than a year ago: sellers have the edge
The typical home in Shelby County, OH is worth $246,250, up 7.0% from a year ago. That is well above what local incomes have historically supported: fair value is about $191,297, so the area is 28.7% overvalued. It is a balanced market: homes take about 45 days to sell, listings are up 28% from a year ago, 26% of listings have had a price cut. A household needs about $53,382 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 $75,593. Typical rent is $1,428 a month. In the latest IRS figures, 89 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
$246,250
Change in 1 year
+7.0%
Overvalued %
+28.7%
Show 6 more
Fair home value
$191,297
Change in 5 years
+37.9%
Home value to income
3.3×
Monthly mortgage payment (20% down)
$1,335
Income needed to afford it
$53,382
Property tax rate
0.95%
Rent and investing
Typical rent
$1,428
Price-to-rent ratio
14.4×
HUD Fair Market Rent, 2 bedrooms
$1,076
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Gross rental yield
6.96%
Cap rate (estimate)
4.52%
Market activity
Listings vs a year ago
+27.8%
Days on market
45
Listings with a price cut
26.0%
Show 3 more
Homes for sale
115
Pending sales per 100 listings
48
Asking price per sq ft
$162
People and jobs
Median household income
$75,593
Population change (1 year)
+0.2%
Unemployment rate
4.1%
Show 4 more
Population
48,065
Income adjusted for cost of living
$85,609
Net moves in (IRS)
+89
Cost of living (US = 100)
88.3
Schools, risk and environment
School rating (1 to 10)
8.1
FEMA hazard risk score (0 to 100)
56.2
Flood risk score
63.3
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Wildfire risk score
10.3
Walkability (1 to 20)
5.8
Road, rail and air noise
53 dB
Questions people ask
Is Shelby County, OH overvalued?
Home prices in Shelby County, OH are well above what local incomes have historically supported: fair value is about $191,297, so the area is 28.7% overvalued.
Is Shelby County, OH a buyer's or seller's market?
Shelby County, OH is a balanced market: homes take about 45 days to sell, listings are up 28% from a year ago, 26% of listings have had a price cut.
Are home prices going down in Shelby County, OH?
Home values in Shelby County, OH are up 7.0% over the last year.
How much do you need to earn to buy a home in Shelby County, OH?
A household needs about $53,382 a year to afford the typical home in Shelby County, OH at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $75,593.