Market Overview
Home Prices in Shelbyville, MO
The median home value in Shelbyville, MO is $254,630 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 14.8% compared to a year ago and up 11.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Shelbyville are priced38% below average.
Over the past five years, Shelbyville home values have risen by approximately68.4%, reflecting strong long-term appreciation in this market.
Price History
Shelbyville Home Price Trend
2020
$121,280
$121K
—
2021
$151,200
$151K
+24.7%
2022
$174,762
$175K
+15.6%
2023
$172,463
$172K
-1.3%
2024
$198,806
$199K
+15.3%
2025
$221,779
$222K
+11.6%
2026
$254,630
$255K
+14.8%
City Comparison
Shelbyville vs. National Median
🏠 Shelbyville
$254,630
National Median
$410,000
At $254,630, homes in Shelbyville cost 38% 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
$50,926
on $254,630
Monthly P&I
$1,328/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,687/mo
incl. taxes & insurance
Income Needed
$67,480
gross annual (30% rule)
10% Down Option
$25,463
+ PMI applies
Loan Amount (20% dn)
$203,704
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, MO?
The median home value in Shelbyville is $254,630 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 14.8% year-over-year.
How much have home prices changed in Shelbyville?
Over the past year, home values in Shelbyville have increased by 14.8%. Over five years, prices have risen approximately 68.4%.
How much do I need to earn to buy a home in Shelbyville?
To comfortably afford the median home price of $254,630 with a 20% down payment ($50,926) at today's rates (6.8%), you'd need a gross annual income of approximately $67,480. 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 $254,630, homes in Shelbyville are 38% below the national average.