Market Overview
Home Prices in Shelby Gap, KY
The median home value in Shelby Gap, KY is $95,265 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 11% compared to a year ago and down 1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Shelby Gap are priced77% below average.
Over the past five years, Shelby Gap home values have risen by approximately0.3%, reflecting modest growth in this market.
Price History
Shelby Gap Home Price Trend
2020
$80,151
$80K
—
2021
$95,001
$95K
+18.5%
2022
$106,691
$107K
+12.3%
2023
$102,525
$103K
-3.9%
2024
$108,143
$108K
+5.5%
2025
$107,051
$107K
-1.0%
2026
$95,265
$95K
-11.0%
City Comparison
Shelby Gap vs. National Median
🏠 Shelby Gap
$95,265
National Median
$410,000
At $95,265, homes in Shelby Gap cost 77% below the national median of $410,000. This makes Shelby Gap a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Shelby Gap?
20% Down Payment
$19,053
on $95,265
Monthly P&I
$497/mo
30-yr @ 6.8%
Total Monthly Est.
~$631/mo
incl. taxes & insurance
Income Needed
$25,240
gross annual (30% rule)
10% Down Option
$9,527
+ PMI applies
Loan Amount (20% dn)
$76,212
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 Shelby Gap, KY?
The median home value in Shelby Gap is $95,265 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 11% year-over-year.
How much have home prices changed in Shelby Gap?
Over the past year, home values in Shelby Gap have decreased by 11%. Over five years, prices have risen approximately 0.3%.
How much do I need to earn to buy a home in Shelby Gap?
To comfortably afford the median home price of $95,265 with a 20% down payment ($19,053) at today's rates (6.8%), you'd need a gross annual income of approximately $25,240. This assumes keeping total housing costs at or below 30% of gross income.
How does Shelby Gap compare to the national average home price?
The national median home value is approximately $410,000. At $95,265, homes in Shelby Gap are 77% below the national average.