Shelby, AL—35143
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Shelby, AL
As of Oct '25, the median home price in Shelby, AL is $306,000, with a year-over-year change of -1.0%. This indicates that home prices in Shelby, AL are flat. According to Zillow, the 1-year price projection is 0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $306,000 | -1.0% |
| Single Family | $306,000 | -0.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $369,000 | 2.2% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Shelby, AL
Shelby, AL lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Shelby, AL
As of Oct '25, Realtor.com reports that the median days on market for a home in Shelby, AL is 66. This is a increase of 6.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 40.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $400,000 | -13.0% |
Listing Count | 20 | 14.0% |
| Listings as % of Homes | 0.4% | 14.0% |
Days on Market | 66 | 6.0% |
Demographics — Shelby, AL
As of the latest ACS Survey released in 2023, Shelby, AL has a population of 2,970, which has decreased by -6.8% over the past 5 years. Shelby, AL is a less popular place for families, as children make up 14.4% of the population. The area has a moderately educated workforce, with 27.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,970 | -6.8% |
% Under 18 | 14.4% | -35.4% |
% Seniors | 30.6% | 67.2% |
% WFH | 6.7% | 19.6% |
% w/ College Degree | 27.2% | 40.9% |
As of the latest ACS Survey released in 2023, Shelby, AL is a predominantly white area, with 89.4% of the population identifying as white. The white population has grown by 4.4% in the last 5 years. The second most common race or ethnicity in Shelby, AL is black, making up 4.0% of the population. Foreign-born residents account for 1.1% of the population in Shelby, AL, and this percentage has increased by Inf% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 89.4% | 4.4% |
% Black | 4.0% | -69.2% |
% Hispanic | 2.9% | 3.6% |
% Asian | 0.7% | 75.0% |
% Foreign Born | 1.1% | ∞% |
Mortgage and Risk — Shelby, AL
According to HUD data as of 2023, there were 75 mortgage originations in Shelby, AL, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Shelby, AL. Investor activity is low, as 4.0% of loans were by investors. 3.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 75 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 4.0% |
% Second Loans | 11.0% |
% Cash Out Refinance | 3.0% |
Loan Activity
Rentals and Section 8 — Shelby, AL
Shelby, AL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 2 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | 0.9% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,000 |
| 2 Bedroom | N/A | N/A | $1,130 |
| 3 Bedroom | N/A | N/A | $1,420 |
| 4 Bedroom | N/A | N/A | $1,580 |
Affordability — Shelby, AL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $306,000 |
| Median Household Income | $77,000 |