Shelbyville, TN home prices
Typical home $326,792 · +1.0% in a year · income needed $88,000
The Shelbyville, TN metro area ranks 266 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +1.0% in a year and +28.3% over five years. With 20% down at 7.11%, the typical home costs about $2,052 a month including 0.48% property tax (Bedford County rate).
Mortgage on the typical Shelbyville home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $65,358 | $261,434 | $1,759 | $0 | $294 | $2,052 | $88,000 |
| 10% down | $32,679 | $294,113 | $1,979 | $123 | $294 | $2,395 | $102,600 |
| 5% down | $16,340 | $310,453 | $2,088 | $129 | $294 | $2,511 | $107,600 |
| 3.5% down (FHA) | $11,438 | $320,873 | $2,159 | $145 | $294 | $2,597 | $111,300 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.48% 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.
Counties in the Shelbyville area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Bedford County, TN | $326,906 | +0.9% | 0.48% |
What can you afford in Tennessee on your salary? · Tennessee home prices · Salaries in Tennessee
Frequently asked questions
How much is a house in Shelbyville?
The typical home in the Shelbyville, TN metro area is worth $326,792 (Zillow, September 2026).
What salary do you need to buy a house in Shelbyville?
About $88,000 a year for the typical home with 20% down at 7.11%.