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City · 17,668 residents · Shelby County, Kentucky

Shelbyville , Kentucky

In Shelbyville, a typical home is worth $257,100 and typical rent is $1,033 a month. Compared with all of Shelby County, the typical home value is 16% lower, typical household income is 8% lower, and the share of households that own their home is 18 points lower.

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  • Typical home value

    $257,100

    16% below the county

    25% above Kentucky

    • Shelbyville
    • Shelby
    • Kentucky

  • Typical rent

    $1,033a month

    About the same as the county

    7% above Kentucky

    • Shelbyville
    • Shelby
    • Kentucky

  • Typical household income

    $75,610a year

    8% below the county

    19% above Kentucky

    • Shelbyville
    • Shelby
    • Kentucky

  • Households that own their home

    56%

    18 points below the county

    12 points below Kentucky

    • Shelbyville
    • Shelby
    • Kentucky

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$312,502
about the same as 12 months ago
Typical rent
$1,639 a month

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Shelbyville is in Shelby County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Shelby County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Shelbyville apart

What this place has that others do not, from public data, most unusual first.

  1. 56% of households in Shelbyville own their home, against 74% in Shelby County.

  2. The typical home in Shelbyville is worth $257,100, 16% less than in Shelby County as a whole ($304,800).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Shelbyville

What homes there are in Shelbyville, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

The detached house is still the most common home in Shelbyville, but it weighs less than in Shelby County: 65% against 79%.

Year built

The typical year built in Shelbyville is 1995, about the same as in Shelby County (1993).

Homes in Shelbyville are smaller: 61% have 3 bedrooms or more; in Shelby County, 71%.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

With an FHA limit of $541,287, at least 97% of owner-occupied homes in Shelbyville sit below it: they are worth less than $500,000.

Monthly rent with utilities

With a mortgage

$1,567 a month

Shelby County: $1,636 a month

Without a mortgage

$463 a month

Shelby County: $549 a month

Owners with a mortgage

77%

Shelby County: 66%

The typical cost for an owner with a mortgage in Shelbyville is $1,567 a month, near the figure in Shelby County ($1,636).

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

The typical home value in Shelbyville rose 44% since 2015–2019, less than in Shelby County (55%).

The typical rent in Shelbyville rose 24% since 2015–2019, about the same as in Shelby County (22%).

To compare: typical income in Shelbyville rose 23%; the home, +44%; the rent, +24%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureShelbyvilleShelby CountyKentuckyUnited States
Rental vacancy Unreliable estimateUnreliable estimate4.6%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate0.9%0.9%
More than one person per room Unreliable estimate2.9%2.0%3.4%
People per household 2.612.582.432.53
Drive alone 76%76%77%69%
Carpool 12%10%9%9%
Public transit Unreliable estimateUnreliable estimate1%3%
Walk or bike Unreliable estimateUnreliable estimate2%3%
Work from home 11%13%10%15%
Other means Unreliable estimateUnreliable estimate1%2%
Typical commute 20 to 29 minutes20 to 29 minutes20 to 29 minutes20 to 29 minutes

Much as in Shelby County, a household in Shelbyville has 2.61 people on average.

In Shelbyville, 76% of workers drive alone to work; in Shelby County, 76%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Shelbyville?

A typical home is tight for the typical income

We start with a typical home in Shelbyville, worth $257,100, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 34% of the typical household income in Shelbyville, which is $75,610 a year. For that payment to be 28% of income, a household would need to earn about $91,479 a year.

The calculator's FHA and conventional loan limits are those of all of Shelby County.

Your numbers

Local data
$

Starts at the typical home value in Shelbyville. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $8,999 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$2,135

at 7.18% · 30 years

Loan amount
$252,443
Total interest
$363,206
Paid off in
November 2056

Includes $4,342 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,764 a month

  • Tight

    $1,764 to $2,268 a month

    Your payment · 34%

  • Hard

    more than $2,268 a month

Compared with the typical household income in Shelbyville ($75,610 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$2,135
Principal & interest$1,710
Property tax$204
Home insurance$107
FHA mortgage insurance (MIP)$114

You need at least $8,999 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Shelbyville and Shelby County

Shelbyville is in Shelby County, Kentucky. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Shelbyville's own numbers

Typical home value
$257,100
Typical monthly rent
$1,033
Typical yearly household income
$75,610
Households that own their home
56%
Effective property tax rate
0.95%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Shelby County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,149
Price change over 5 years (FHFA)
+50%
Homes in a high flood-risk zone
0.5%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Shelby County.

Everything about Shelby County

Buying

Buying a home in Shelbyville

A typical home in Shelbyville is worth $257,100: 16% below the county and 25% above Kentucky. With the typical household income in Shelbyville ($75,610 a year), a typical home costs 3.4 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Shelbyville 3.4 years
  • Shelby 3.7 years
  • Kentucky 3.2 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Shelby County

According to FHFA’s house price index, home prices in Shelby County rose 88% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Shelby County.

Period County Kentucky U.S.
Last year (2025) +4.0% +3.9% +2.9%
5 years (2020–2025) +50% +50% +47%
10 years (2015–2025) +88% +84% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Shelbyville next to Shelby County, Kentucky and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Shelbyville $257,100
  • Shelby $304,800
  • Kentucky $205,600
  • United States $332,700
Typical monthly rent
  • Shelbyville $1,033
  • Shelby $1,033
  • Kentucky $967
  • United States $1,413
Typical yearly household income
  • Shelbyville $75,610
  • Shelby $82,604
  • Kentucky $63,726
  • United States $80,734
See the full table
Shelbyville next to Shelby County and Kentucky
Measure Shelbyville Shelby County Kentucky U.S.
Typical home value $257,100 $304,800 $205,600 $332,700
Typical monthly rent $1,033 $1,033 $967 $1,413
Typical yearly household income $75,610 $82,604 $63,726 $80,734
Households that own their home 56% 74% 68% 65%
Typical yearly property tax $2,455 $2,339 $1,544 $3,119
Effective property tax rate 0.95% 0.77% 0.75% 0.94%
Renters with high rent for their income 39% 39% 45% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Shelby County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Shelbyville

For a typical $257,100 home in Shelbyville, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Shelbyville's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $2,135a month

    Least cash to close
    Down payment
    $8,999
    Cash to close
    $16,712
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $114

  • Conventional, 5% down $2,087a month

    Down payment
    $12,855
    Cash to close
    $20,568
    Rate
    7.18%
    Mortgage insurance
    PMI · $122

  • Conventional, 20% down, no PMI $1,704a month

    Down payment
    $51,420
    Cash to close
    $59,133
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,942a month

    Down payment
    $38,565
    Cash to close
    $46,278
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Shelbyville and for Shelby County.

Property tax

Effective rate in Shelbyville

0.95%of the home’s value each year

$2,455 a year for the typical owner in Shelbyville.

  • Shelbyville 0.95%
  • Shelby 0.77%
  • Kentucky 0.75%

What Kentucky publishes Homestead exemption for owners 65 or older or totally disabled (Kentucky Department of Revenue)

Exemptions and deadlines in Kentucky

Flood risk in Shelby County

FEMA does not publish these numbers by city: they are for all of Shelby County.

Homes in the high-risk zone
0.5%
78
Of those, with NFIP insurance
22%
County Kentucky U.S.
Homes in the high-risk zone 0.5% 3.5% 3.5%
Of those, with NFIP insurance 22% 19% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Shelbyville

Typical rent in Shelbyville is $1,033 a month: about the same as the county. In Shelbyville, 39% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Shelby County, by unit size. To pay the 2-bedroom one ($1,149 a month) without spending more than 30% of your income, you would need to earn $22.10 an hour working full time.

HUD fair market rent for all of Shelby County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $873 $16.79 $34,920
1 bedroom $998 $19.19 $39,920
2 bedrooms $1,149 $22.10 $45,960
3 bedrooms $1,369 $26.33 $54,760
4 bedrooms $1,692 $32.54 $67,680

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Shelbyville

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Shelbyville is in ZIP code 40065.

For 2 bedrooms it is $1,160: $11 more than the fair market rent for Shelby County ($1,149).

  • 40065 $1,160$1,380

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Shelbyville when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Shelbyville

HUD lists 15 buildings with rents for lower incomes in Shelbyville. These are the largest.

  • Bondurant Heights 1 Cardinal Dr, Shelbyville 40065 102 low-income homes · Run by Housing Authority of Shelbyville · Average payment: $511 a month · Average wait: 4 months (502) 633-4531
  • Indian Ridge 501 Indian Ridge, Shelbyville 40065 97 low-income homes · For families (502) 633-1182
  • Indian Ridge Apartments Indian Ridge RD., Shelbyville 40065 97 low-income homes · 1 bd: 32 · 2 bd: 56 · 3 bd: 9 · In service since 2015 · For older adults, families
  • Sycamore Terrace 600 Sycamore Ter, Shelbyville 40065 72 homes, 71 low-income · For families (502) 633-2516
  • Moesser House West Main Street, Shelbyville 40065 53 low-income homes · 1 bd: 28 · 2 bd: 20 · 3 bd: 5 · In service since 2005 · For older adults

See all 17 buildings in Shelby County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Shelbyville

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

We found no HUD-approved agencies with an office in Shelby County. The nearest ones are below; many serve by phone or online.

An older man and his daughter go over papers with a professional.

HUD counseling is free or low-cost

Assistance programs in Shelbyville

No down payment, repair or rent-help program on our list is for Shelbyville or Shelby County. The ones below are statewide in Kentucky: they work in Shelbyville the same as in the rest of the state.

Which programs do I qualify for? All programs in Kentucky

  • KHC Down Payment Assistance (DPA)

    Statewide in Kentucky

    Kentucky state corporation loan of up to $12,500 for the down payment and closing costs, repaid over 15 years as a second loan, for buyers who take a KHC mortgage. Offered by Kentucky Housing Corporation (KHC).

    Repayable

    See the program Official page

Housing counselors near Shelbyville

The HUD-approved agencies closest to the center of Shelbyville, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Apprisen - CCCS of the Midwest - Louisville

    10200 Linn Station Rd, Louisville · 18 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 2 more
    (800) 355-2227

  • The Housing Partnership, Inc

    1405 W Broadway Unit 101, Louisville · 30 miles away

    • Budget and financial counseling
    • Pre-purchase counseling
    • and 1 more
    (502) 585-5451

  • Louisville Urban League

    1535 W Broadway, Louisville · 30 miles away

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 10 more
    (502) 585-4622

All counseling agencies in Kentucky

Help in Spanish near Shelbyville

None of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Shelbyville

HUD’s record names them for Shelbyville or Shelby County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

All housing agencies in Kentucky Source: HUD

Cities

Nearby cities

The cities closest to Shelbyville, with the typical home value.

Everything about Shelby County Housing in Kentucky

Neighboring counties

If Shelby County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Shelbyville.

All guides
A mother and her daughters smile together on a mountain trail with a snowy peak behind them.

Questions

Housing questions about Shelbyville

Short answers with the numbers for Shelbyville and all of Shelby County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Shelbyville?

The typical home value in Shelbyville is $257,100, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Shelby County it is $304,800.

How much does it cost to rent in Shelbyville?

Typical rent in Shelbyville is $1,033 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Shelby County is $1,149.

What is the FHA loan limit in Shelbyville?

Shelbyville uses the FHA limit for all of Shelby County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Shelbyville?

The typical homeowner in Shelbyville pays $2,455 a year, according to the U.S. Census Bureau. That is 0.95% of the home’s value; in Shelby County, the rate is 0.77%.

Where can I find free help to buy or rent in Shelbyville?

We found no HUD-approved counseling agencies with an office in Shelby County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).