Shelby County, Illinois home prices
Typical home $165,331 · +4.6% in a year · property tax 1.5%
The typical home in Shelby County is worth $165,331, 44% less than the Illinois typical home ($295,943). Values changed +4.6% in the past year and +24.1% over five years. Homeowners here pay a median 1.5% of their home's value in property tax each year ($2,488 on the typical home), versus 1.92% statewide.
Mortgage on the typical Shelby County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $33,066 | $132,264 | $890 | $0 | $290 | $1,180 | $50,600 |
| 10% down | $16,533 | $148,797 | $1,001 | $62 | $290 | $1,353 | $58,000 |
| 5% down | $8,267 | $157,064 | $1,057 | $65 | $290 | $1,412 | $60,500 |
| 3.5% down (FHA) | $5,787 | $162,336 | $1,092 | $73 | $290 | $1,455 | $62,400 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.5% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in Illinois.
Illinois counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Brown County | $166,141 | +1.6% | 1.52% |
| Peoria County | $166,288 | +5.8% | 2.24% |
| Dewitt County | $163,837 | +9.6% | 1.78% |
| Bond County | $163,686 | +9.9% | 1.89% |
| Washington County | $167,931 | +10.0% | 1.87% |
| Carroll County | $161,686 | +9.7% | 1.99% |
| Douglas County | $161,023 | +5.6% | 1.7% |
| Stephenson County | $160,455 | +8.4% | 2.4% |
| Jasper County | $170,549 | +11.1% | 1.95% |
| Pope County | $159,950 | +11.3% | 1.03% |
Frequently asked questions
What is the average home price in Shelby County, IL?
The typical home value in Shelby County is $165,331 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Shelby County?
About $50,600 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Shelby County?
The median effective rate is 1.5% of home value a year (Census ACS 2024 5-year estimates).