Shelby County, Missouri 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 50% below the Missouri median Cheaper than 76% of counties in Missouri$72,692
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Median rent 40% below the Missouri median Cheaper than 89% of counties in Missouri$624
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Shelby County | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $72,692 | $145,462 | $248,835 |
| Price Trend (Annual %) | 29.4% | 5.2% | 7.5% |
| Median Gross Rent | $624 | $1,033 | $1,407 |
| Rent Trend (Annual %) | 3.1% | 4.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Shelby County is about 50% lower than in Missouri. Rent is about 40% lower than the Missouri 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 29.4% and 3.1% a year respectively. Home prices are changing faster.
Median rent in Shelby County rose about 37.7% between 2015 and 2024, from $454 to $625. Over the same span, rent in Missouri rose about 38.6%.
Affordability
On average, housing unit costs 1.4 yearly household incomes in Shelby County.
Buying the median-priced home in Shelby County costs roughly 9.7 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Shelby County. The price-to-rent ratio in Missouri is about 11.7.
| Metric | Shelby County | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $72,692 | $145,462 | $248,835 |
| Median Household Income | $52,143 | $70,801 | $80,455 |
| Price-to-Income Ratio | 1.4 | 2.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Shelby County rose about 54.2%, while median household income rose about 51.9% 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 | Missouri Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 62.8% | 60.5% | 58.5% |
| Rental Rate | 18.2% | 28.3% | 31.2% |
| Vacancy Rate | 18.9% | 11.2% | 10.2% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
Shelby County has a homeownership rate of 62.8%, higher than the Missouri average of 60.5%. Its housing vacancy rate is 18.9%, compared with 11.2% in Missouri.
Housing Stock
| Metric | Shelby County | Missouri Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.41 people | 2.40 people | 2.53 people |
| Median Structure Built Year | 1972 | 1978 | 1978 |
| Median Number of Rooms | 5.7 | 5.7 | 5.5 |
The typical housing unit in Shelby County was built around 1972. On average, 2.4 people live in a home with about 5.7 rooms, staying for about 16.0 years on average.
Shelby County, MO Housing Compared With Nearby Counties
How Shelby County, MO compares with the 1 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Shelby County, MO | 5,986 | $72,692 #2/2 | $625 #2/2 | 77.5% #1/2 |
| Marion County, MO | 28,457 | $79,047 | $808 | 69.3% |
Frequently Asked Questions
Common questions about the housing market in Shelby County, Missouri.
What is the median home price in Shelby County, Missouri?
The median home price in Shelby County, Missouri is $72,692, lower than the Missouri average of $145,462.
What is the average home price in Shelby County, Missouri?
The typical home price in Shelby County, Missouri, reported as the median sale price, is $72,692. 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, Missouri?
The median gross rent in Shelby County, Missouri is $625 per month, lower than the Missouri average of $1,033.
What was the median gross rent in Shelby County in 2020?
In 2020, the median gross rent in Shelby County, Missouri was $552 per month.
What is the price-to-rent ratio in Shelby County, Missouri?
The price-to-rent ratio in Shelby County, Missouri is about 9.7, meaning it would take roughly 9.7 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Shelby County.
Are home prices or rent rising faster in Shelby County, Missouri?
Both home prices and rent are rising in Shelby County, up about 29.4% and 3.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Shelby County, Missouri?
62.8% of households in Shelby County, Missouri own their home, higher than the Missouri average of 60.5%.
What is the vacancy rate in Shelby County, Missouri?
The housing vacancy rate in Shelby County, Missouri is 18.9%, higher than the Missouri average of 11.2%.
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