Shelby, MS—38774
Real Estate Data & Market Trends
Key Metrics at a Glance
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 |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Shelby, MS
As of Oct '25, Realtor.com reports that the median days on market for a home in Shelby, MS is 74. This is a decrease of -71.0% 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 | $92,000 | 17.0% |
Listing Count | 1 | -17.0% |
| Listings as % of Homes | N/A | -17.0% |
Days on Market | 74 | -71.0% |
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% |
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 |
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% |
Loan Activity
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 |
Affordability — Shelby, MS
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | N/A |
| Median Home Price | N/A |
| Median Household Income | $21,700 |