Shelby County, Missouri Housing Market
In Shelby County, Missouri, the median home value is $99,900, with a median monthly rent of $625. This places Shelby County at #2917 nationally out of 3134 counties by median home value, and #112 within Missouri.
📈 Price Trend (2017 → 2024)
ℹ️ FHFA HPI data is not available for this county due to limited mortgage transaction volume.
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $936
- Establishments: 178
- BLS QCEW, 2025
Housing Supply
- Single-family: 3
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 2,386 (avg $60,180)
- Outflow: 2,327 (avg $60,734)
- IRS Statistics of Income
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| Metric | Shelby County | Missouri Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $99,900 | $175,712 | $227,706 |
| Median Gross Rent | $625 | $782 | $968 |
| Owner Occupancy Rate | 77.5% | 73.7% | 73.3% |
| Price/Rent Ratio | 13.3 | 18.8 | 18.7 |
Market Analysis
The median home value in Shelby County is 43.1% below the Missouri state average and 56.1% below the U.S. national average. The median rent of $625/month is 20.1% below the state average.
With a price-to-rent ratio of 13.3, buying a home in Shelby County is generally more favorable than renting for those planning to stay long-term. A ratio below 15 typically signals that purchasing is financially advantageous over a multi-year horizon.
Shelby County has an owner-occupancy rate of 77.5%, compared to 73.7% in Missouri and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| San Augustine County | Texas | $99,900 | $591 |
| Butler County | Alabama | $99,800 | $725 |
| Edwards County | Illinois | $100,000 | $811 |
| Cloud County | Kansas | $100,000 | $769 |
| Neshoba County | Mississippi | $100,000 | $839 |
Other Counties in Missouri
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Knox County | $101,400 | $666 | 85.1% |
| Dunklin County | $97,600 | $648 | 62.3% |
| Pemiscot County | $97,000 | $695 | 55.6% |
| Worth County | $96,600 | $381 | 82.1% |
| Mercer County | $104,900 | $590 | 81.0% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).