Shelby County, TN real estate

What the numbers say

Shelby County, TN real estate at a glance

By AstroCore · Realtor.com, US Census and Freddie Mac data

In September 2026, the median home in Shelby County listed for $247,775, down 12.6% from a year earlier. That is 42% below the Tennessee median of $429,450.

Homes spent a median of 72 days on the market, slower than 66 days a year ago. That makes Shelby County the #27 fastest-selling of 31 Tennessee counties we track.

Homeowners in Shelby County pay a median of $2,429 a year in property taxes on a median home value of $249,100, an effective rate of about 0.98%. The Tennessee average is 0.50%, which makes Shelby County the #95 lowest-tax of 95 counties in the state with published tax data.

Renters pay a median of $1,232 a month, and $1,163 for a two-bedroom. At today's prices a typical home costs about 17 times a year's rent.

With 20% down and today's 7.24% average 30-year rate, the monthly payment on a $248,000 home here comes to about $1,655 including property tax and insurance. Lenders typically want that to be under 28% of income, which works out to roughly $71,000 a year (the median household here earns $63,767).