Shelby County, Missouri home prices
Typical home $196,909 · +9.0% in a year · property tax 0.86%
The typical home in Shelby County is worth $196,909, 26% less than the Missouri typical home ($265,387). Values changed +9.0% in the past year and +53.7% over five years. Homeowners here pay a median 0.86% of their home's value in property tax each year ($1,695 on the typical home), versus 0.79% 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 | $39,382 | $157,527 | $1,060 | $0 | $240 | $1,299 | $55,700 |
| 10% down | $19,691 | $177,218 | $1,192 | $74 | $240 | $1,506 | $64,500 |
| 5% down | $9,845 | $187,063 | $1,258 | $78 | $240 | $1,576 | $67,500 |
| 3.5% down (FHA) | $6,892 | $193,342 | $1,301 | $87 | $240 | $1,627 | $69,700 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.86% 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 Missouri.
Missouri counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Bollinger County | $197,155 | +3.4% | 0.58% |
| Pettis County | $197,598 | +2.0% | 0.78% |
| Knox County | $197,801 | +10.8% | 0.83% |
| Marion County | $198,277 | +4.0% | 0.82% |
| Macon County | $198,532 | +4.0% | 0.69% |
| Dade County | $199,292 | +6.4% | 0.62% |
| Saline County | $194,286 | +6.0% | 0.78% |
| Carter County | $193,875 | +4.0% | 0.42% |
| Benton County | $193,305 | +1.9% | 0.53% |
| Saint Francois County | $193,128 | +2.4% | 0.7% |
Frequently asked questions
What is the average home price in Shelby County, MO?
The typical home value in Shelby County is $196,909 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Shelby County?
About $55,700 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 0.86% of home value a year (Census ACS 2024 5-year estimates).