Market Overview
Home Prices in Shelbyville, IL
The median home value in Shelbyville, IL is $156,851 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.6% compared to a year ago and up 4.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Shelbyville are priced62% below average.
Over the past five years, Shelbyville home values have risen by approximately25.4%, reflecting strong long-term appreciation in this market.
Price History
Shelbyville Home Price Trend
2020
$111,223
$111K
—
2021
$125,070
$125K
+12.4%
2022
$138,829
$139K
+11.0%
2023
$135,742
$136K
-2.2%
2024
$143,507
$144K
+5.7%
2025
$149,974
$150K
+4.5%
2026
$156,851
$157K
+4.6%
City Comparison
Shelbyville vs. National Median
🏠 Shelbyville
$156,851
National Median
$410,000
At $156,851, homes in Shelbyville cost 62% below the national median of $410,000. This makes Shelbyville a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Shelbyville?
20% Down Payment
$31,370
on $156,851
Monthly P&I
$818/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,039/mo
incl. taxes & insurance
Income Needed
$41,560
gross annual (30% rule)
10% Down Option
$15,685
+ PMI applies
Loan Amount (20% dn)
$125,481
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Shelbyville, IL?
The median home value in Shelbyville is $156,851 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.6% year-over-year.
How much have home prices changed in Shelbyville?
Over the past year, home values in Shelbyville have increased by 4.6%. Over five years, prices have risen approximately 25.4%.
How much do I need to earn to buy a home in Shelbyville?
To comfortably afford the median home price of $156,851 with a 20% down payment ($31,370) at today's rates (6.8%), you'd need a gross annual income of approximately $41,560. This assumes keeping total housing costs at or below 30% of gross income.
How does Shelbyville compare to the national average home price?
The national median home value is approximately $410,000. At $156,851, homes in Shelbyville are 62% below the national average.