Shelbyville, TN—37180
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Shelbyville, TN
Home Price Trends — Shelbyville, TN
As of Oct '25, the median home price in Shelbyville, TN is $362,000, with a year-over-year change of 1.5%. This indicates that home prices in Shelbyville, TN are increasing. According to Zillow, the 1-year price projection is 2.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $362,000 | 1.5% |
| Single Family | $362,000 | 1.7% |
| 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 | $357,000 | 2.3% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Shelbyville, TN
As of July '25, Rentcast reports the average rent in Shelbyville, TN is $1,800, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Shelbyville, TN is 3-bedrooms: $1,800. The most common rental property sizes in Shelbyville, TN are 3-bedroom and 1-bedroom, accounting for 53.9% and 29.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $1,800 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,800 | $1,800 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Shelbyville, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Shelbyville, TN is 56. This is a increase of 23.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $556,000 | 25.0% |
Listing Count | 17 | 44.0% |
| Listings as % of Homes | 0.6% | 44.0% |
Days on Market | 56 | 23.0% |
Demographics — Shelbyville, TN
As of the latest ACS Survey released in 2023, Shelbyville, TN has a population of 3,830, which has decreased by -3.9% over the past 5 years. Shelbyville, TN is a moderately popular place for families, as children make up 19.4% of the population. The area has a poorly educated workforce, with 16.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,830 | -3.9% |
% Under 18 | 19.4% | -22.1% |
% Seniors | 15.3% | 0.0% |
% WFH | 9.8% | 117.8% |
% w/ College Degree | 16.9% | 23.4% |
As of the latest ACS Survey released in 2023, Shelbyville, TN is a predominantly white area, with 92.7% of the population identifying as white. The white population has shrunk by 2.1% in the last 5 years. The second most common race or ethnicity in Shelbyville, TN is black, making up 5.4% of the population. Foreign-born residents account for 0.2% of the population in Shelbyville, TN, and this percentage has decreased by 66.7% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 92.7% | -2.1% |
% Black | 5.4% | 440.0% |
% Hispanic | 0.0% | -100.0% |
% Asian | 0.2% | ∞% |
% Foreign Born | 0.2% | -66.7% |
Mortgage and Risk — Shelbyville, TN
According to HUD data as of 2023, there were 201 mortgage originations in Shelbyville, TN, of which 70.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Shelbyville, TN. Investor activity is low, as 0.0% of loans were by investors. 22.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 201 |
% Conventional Loans | 70.0% |
% Government Loans | 30.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 22.0% |
Loan Activity
Rentals and Section 8 — Shelbyville, TN
Shelbyville, TN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,300 |
| 2 Bedroom | N/A | N/A | $1,460 |
| 3 Bedroom | $40 | $1,800 | $1,840 |
| 4 Bedroom | N/A | N/A | $2,240 |
Affordability — Shelbyville, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $362,000 |
| Median Household Income | $88,600 |