Shelby County
Tennessee · Pop. 937,166
Ranked #43 of 200 counties
52Moderate
Median Home Price
🏠$220K
3.8% YoY
Median Rent
🔑$1,150
Median Income
💰$48K
Rent Burden
📊32.0%
% of income to rent
Housing Shortage
🏗️18,000
estimated unit deficit
Building Permits (2024)
📋5,500
Price-to-Income Ratio
⚖️4.6x
Homeownership Rate
🏡54.0%
How Shelby County Compares
| Metric | Shelby County | Tennessee | National |
|---|---|---|---|
| Home Price | $220K | $307K | $410K |
| Rent | $1,150 | $1,214 | $1,500 |
| Income | $48K | $68K | $75K |
| Rent Burden | 32.0% | 30.5% | 30.0% |
| Homeownership | 54.0% | 67.0% | 65.0% |
Key Takeaways
- • Home prices are 46% below the national average.
- • Rent is 23% below the national average.
- • The county has an estimated housing shortage of 18,000 units.
- • 5,500 building permits were issued in 2024.
- • Year-over-year home prices changed by 3.8%.