Shelby, MS 38774 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Shelby, MS—38774

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$84,000

N/A

Household Income

$21,700

28.6% YoY Growth

Days on Market

130

67.0% Shorter YoY

Home Price Forecast

N/A

Median Rent

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Shelby, MS

Shelby, MS lacks sufficient home price data for analysis.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	N/A	N/A
Single Family	N/A	N/A
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed	N/A	N/A

Rental Trends — Shelby, MS

Shelby, MS 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

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% of Rental Stock

Studio

3.7%

1 Bedroom

23.5%

2 Bedrooms

33.6%

3 Bedrooms

37.2%

4 Bedrooms

2.0%

Property Listings — Shelby, MS

As of Dec '25, Realtor.com reports that the median days on market for a home in Shelby, MS is 98. This is a decrease of -76.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$84,000	29.0%
Listing Count	1	-25.0%
Listings as % of Homes	N/A	-25.0%
Days on Market	130	-67.0%

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Demographics — Shelby, MS

As of the latest ACS Survey released in 2023, Shelby, MS has a population of 1,770, which has decreased by -19.3% over the past 5 years. Shelby, MS is a moderately popular place for families, as children make up 19.0% of the population. The area has a poorly educated workforce, with 15.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 0.0% reporting working from home.

Metric	Latest Census	YoY % Change
Population	1,770	-19.3%
% Under 18	19.0%	-38.7%
% Seniors	16.5%	21.3%
% WFH	0.0%	N/A
% w/ College Degree	15.7%	-16.9%

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Shelby, MS lacks sufficient race and ethnicity data for analysis.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	3.3%	26.9%
% Black	96.7%	-0.5%
% Hispanic	0.0%	N/A
% Asian	0.0%	N/A
% Foreign Born	0.0%	N/A

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Mortgage and Risk — Shelby, MS

According to HUD data as of 2023, there were 9 mortgage originations in Shelby, MS, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Shelby, MS. Investor activity is low, as 11.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	9
% Conventional Loans	78.0%
% Government Loans	22.0%
% Investor Loans	11.0%
% Second Loans	0.0%
% Cash Out Refinance	11.0%

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Rentals and Section 8 — Shelby, MS

Shelby, MS lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	119
Total Units Section 8	92
% Rentals under Section 8	N/A
% Occupied Section 8	72.1%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$710
2 Bedroom	N/A	N/A	$930
3 Bedroom	N/A	N/A	$1,180
4 Bedroom	N/A	N/A	$1,240

Shelby, MS—38774

Key Metrics at a Glance

Home Price Trends — Shelby, MS

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Shelby, MS

% of Rental Stock

Property Listings — Shelby, MS

Demographics — Shelby, MS

Race and Ethnicity

Mortgage and Risk — Shelby, MS

Mortgages

Rentals and Section 8 — Shelby, MS

Section 8 Market Size

Section 8 Opportunity

Affordability — Shelby, MS

Home Price to Income Ratio

Shelby, MS — ZIP Code Boundary Map

Nearby ZIP Codes

Winstonville

Duncan, MS

Mound Bayou, MS

Merigold, MS

Clarksdale, MS

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	N/A
Median Home Price	N/A
Median Household Income	$21,700

Shelby, MS—38774

Key Metrics at a Glance

Home Price Trends — Shelby, MS

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Shelby, MS

% of Rental Stock

Property Listings — Shelby, MS

Demographics — Shelby, MS

Race and Ethnicity

Mortgage and Risk — Shelby, MS

Mortgages

Rentals and Section 8 — Shelby, MS

Section 8 Market Size

Section 8 Opportunity

Affordability — Shelby, MS

Home Price to Income Ratio

Shelby, MS — ZIP Code Boundary Map

Nearby ZIP Codes

Winstonville

Duncan, MS

Mound Bayou, MS

Merigold, MS

Clarksdale, MS

Frequently Asked Questions

What is the average home price in Shelby, MS 38774?

How have home prices in Shelby, MS 38774 changed over the past year?

What is the home price projection for Shelby, MS 38774?

What are the demographics of Shelby, MS 38774?

How long does it take homes to sell in Shelby, MS 38774?

What is the average rent price in Shelby, MS 38774?