Shelby County, Kentucky Housing Market Prices
Shelby County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 90% above the Kentucky median More expensive than 87% of counties in Kentucky$223,863
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Median rent 7% above the Kentucky median More expensive than 92% of counties in Kentucky$1,033
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Shelby County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $223,863 | $118,017 | $248,835 |
| Price Trend (Annual %) | 25.8% | 3.8% | 7.5% |
| Median Gross Rent | $1,033 | $967 | $1,407 |
| Rent Trend (Annual %) | 2.9% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Shelby County is about 90% higher than in Kentucky. Rent is about 7% higher than the Kentucky average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Shelby County, up about 25.8% and 2.9% a year respectively. Home prices are changing faster.
Median rent in Shelby County rose about 30.0% between 2015 and 2024, from $795 to $1,033. Over the same span, rent in Kentucky rose about 43.3%.
Affordability
On average, housing unit costs 2.6 yearly household incomes in Shelby County.
Buying the median-priced home in Shelby County costs roughly 18.1 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Shelby County. The price-to-rent ratio in Kentucky is about 10.2.
| Metric | Shelby County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $223,863 | $118,017 | $248,835 |
| Median Household Income | $86,215 | $64,312 | $80,455 |
| Price-to-Income Ratio | 2.6 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Shelby County rose about 108.2%, while median household income rose about 45.4% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Shelby County | Kentucky Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 69.9% | 61.3% | 58.5% |
| Rental Rate | 24.7% | 28.4% | 31.2% |
| Vacancy Rate | 5.4% | 10.3% | 10.2% |
| Median Tenure (years) | 15.0 | 15.0 | 15.0 |
| Median Year Moved In | 2011 | 2011 | 2011 |
Shelby County has a homeownership rate of 69.9%, higher than the Kentucky average of 61.3%. Its housing vacancy rate is 5.4%, compared with 10.3% in Kentucky.
Housing Stock
| Metric | Shelby County | Kentucky Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.58 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1992 | 1981 | 1978 |
| Median Number of Rooms | 5.9 | 5.7 | 5.5 |
The typical housing unit in Shelby County was built around 1992. On average, 2.6 people live in a home with about 5.9 rooms, staying for about 15.0 years on average.
Shelby County, KY Housing Compared With Nearby Counties
How Shelby County, KY compares with the 1 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Shelby County, KY | 49,096 | $223,863 #1/2 | $1,033 #1/2 | 73.9% #1/2 |
| Franklin County, KY | 51,842 | $117,377 | $967 | 64.5% |
Frequently Asked Questions
Common questions about the housing market in Shelby County, Kentucky.
What is the median home price in Shelby County, Kentucky?
The median home price in Shelby County, Kentucky is $223,863, higher than the Kentucky average of $118,017.
What is the average home price in Shelby County, Kentucky?
The typical home price in Shelby County, Kentucky, reported as the median sale price, is $223,863. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Shelby County, Kentucky?
The median gross rent in Shelby County, Kentucky is $1,033 per month, higher than the Kentucky average of $967.
What was the median gross rent in Shelby County in 2020?
In 2020, the median gross rent in Shelby County, Kentucky was $832 per month.
What is the price-to-rent ratio in Shelby County, Kentucky?
The price-to-rent ratio in Shelby County, Kentucky is about 18.1, meaning it would take roughly 18.1 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Shelby County.
Are home prices or rent rising faster in Shelby County, Kentucky?
Both home prices and rent are rising in Shelby County, up about 25.8% and 2.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Shelby County, Kentucky?
69.9% of households in Shelby County, Kentucky own their home, higher than the Kentucky average of 61.3%.
What is the vacancy rate in Shelby County, Kentucky?
The housing vacancy rate in Shelby County, Kentucky is 5.4%, lower than the Kentucky average of 10.3%.
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