Shelby County, Texas Housing Market
In Shelby County, Texas, the median home value is $101,500, with a median monthly rent of $781. This places Shelby County at #2899 nationally out of 3134 counties by median home value, and #207 within Texas.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,043
- Establishments: 558
- BLS QCEW, 2025
Housing Supply
- Single-family: 4
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 8,849 (avg $61,313)
- Outflow: 8,384 (avg $61,479)
- IRS Statistics of Income
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| Metric | Shelby County | Texas Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $101,500 | $186,278 | $227,706 |
| Median Gross Rent | $781 | $997 | $968 |
| Owner Occupancy Rate | 74.0% | 73.2% | 73.3% |
| Price/Rent Ratio | 10.8 | 15.2 | 18.7 |
Market Analysis
The median home value in Shelby County is 45.5% below the Texas state average and 55.4% below the U.S. national average. The median rent of $781/month is 21.7% below the state average.
With a price-to-rent ratio of 10.8, 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 74.0%, compared to 73.2% in Texas 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 |
|---|---|---|---|
| Norton County | Kansas | $101,500 | $609 |
| Alfalfa County | Oklahoma | $101,500 | $705 |
| Marion County | Texas | $101,500 | $911 |
| Bacon County | Georgia | $101,400 | $743 |
| Pike County | Illinois | $101,400 | $676 |
Other Counties in Texas
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Marion County | $101,500 | $911 | 78.5% |
| Gray County | $102,900 | $933 | 76.4% |
| Baylor County | $103,100 | $581 | 66.2% |
| Newton County | $103,100 | $1,001 | 82.9% |
| San Augustine County | $99,900 | $591 | 75.1% |
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).