Shelby County, Iowa home prices
Typical home $212,688 · +4.2% in a year · property tax 1.28%
The typical home in Shelby County is worth $212,688, 10% less than the Iowa typical home ($236,623). Values changed +4.2% in the past year and +35.9% over five years. Homeowners here pay a median 1.28% of their home's value in property tax each year ($2,716 on the typical home), versus 1.27% 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 | $42,538 | $170,150 | $1,145 | $0 | $333 | $1,477 | $63,300 |
| 10% down | $21,269 | $191,419 | $1,288 | $80 | $333 | $1,700 | $72,900 |
| 5% down | $10,634 | $202,054 | $1,359 | $84 | $333 | $1,776 | $76,100 |
| 3.5% down (FHA) | $7,444 | $208,836 | $1,405 | $94 | $333 | $1,832 | $78,500 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.28% 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 Iowa.
Iowa counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Carroll County | $212,289 | +6.1% | 1.09% |
| Mitchell County | $213,898 | +4.1% | 1.1% |
| Buchanan County | $215,302 | +4.7% | 1.36% |
| Chickasaw County | $216,973 | +5.1% | 1.02% |
| Woodbury County | $207,499 | +2.8% | 1.45% |
| Grundy County | $218,375 | +2.0% | 1.14% |
| Muscatine County | $205,712 | +5.6% | 1.5% |
| Cerro Gordo County | $204,868 | +3.0% | 1.45% |
| Howard County | $204,056 | +9.3% | 1.25% |
| Poweshiek County | $223,287 | +7.8% | 1.22% |
Frequently asked questions
What is the average home price in Shelby County, IA?
The typical home value in Shelby County is $212,688 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Shelby County?
About $63,300 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 1.28% of home value a year (Census ACS 2024 5-year estimates).