Shelby County, TN Average Home Price (2026)
The average home price in Shelby County, Tennessee is about $205,500 (the 2026 median across 32 ZIP codes, at ~$142/sq ft) — 23% more affordable than the Tennessee median and 29% more affordable than the typical U.S. home.
How Shelby County compares
Shelby County is relatively affordable for housing nationally: its typical home costs $205,500 against $267,000 for Tennessee and $289,000 for the U.S. Within the county, ZIP-level values run from about $55,000 to $585,000.
| Area | Typical value | $ / sq ft |
|---|---|---|
| Shelby County | $205,500 | $142 |
| Tennessee | $267,000 | $213 |
| United States | $289,000 | $193 |
Cities in Shelby County
Cities with their own home-value page, largest first:
Shelby County home prices by ZIP code
The 15 most valuable ZIP codes in Shelby County (of 32 with data):
| ZIP code | Typical value | $ / sq ft | vs county |
|---|---|---|---|
| 38139 Germantown | $585,000 | $173 | +185% |
| 38017 Collierville | $505,000 | $188 | +146% |
| 38138 Germantown | $429,000 | $177 | +109% |
| 38120 Memphis | $422,000 | $171 | +105% |
| 38002 Lakeland | $406,000 | $175 | +98% |
| 38103 Memphis | $319,000 | $210 | +55% |
| 38135 Bartlett | $295,000 | $150 | +44% |
| 38016 Cordova | $290,000 | $139 | +41% |
| 38119 Memphis | $288,000 | $142 | +40% |
| 38018 Cordova | $287,000 | $155 | +40% |
| 38125 Memphis | $276,000 | $147 | +34% |
| 38133 Bartlett | $271,000 | $170 | +32% |
| 38117 Memphis | $264,000 | $170 | +28% |
| 38104 Memphis | $249,000 | $156 | +21% |
| 38053 Millington | $240,000 | $173 | +17% |
Home value appreciation in Shelby County
Home prices in Shelby County have risen about 82% over the last 10 years (≈6.2% a year) and +77.0% over 20 years, according to the FHFA house price index through 2025. The most recent year came in at -0.1% — roughly flat. A home worth $205,500 today was worth roughly $112,912 ten years ago.
See where that trend takes a specific home with the home appreciation calculator — statewide, Tennessee is +113.5% over the same 10 years. Past appreciation is a track record, not a forecast; local prices can fall.
Calculators for Shelby County
Run the numbers for Shelby County with the local rates already filled in — change any input to test your own situation.
Salary needed to buy a home in Shelby County
To buy the typical $205,500 home in Shelby County with 20% down, you need a household income of roughly $56,000 a year (about $1,300 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $66,000, because the loan is bigger and mortgage insurance kicks in.
| Down payment | Cash down | Monthly payment | Income needed |
|---|---|---|---|
| 5% (+PMI) | $10,300 | $1,620/mo | $69,000/yr |
| 10% (+PMI) | $20,600 | $1,550/mo | $66,000/yr |
| 20% | $41,100 | $1,300/mo | $56,000/yr |
Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.
What your budget buys in Shelby County
At about $142 per square foot, here is roughly how much home different budgets get you in Shelby County:
| Budget | Approx. size | What that looks like locally |
|---|---|---|
| $150k | 1060 sq ft | below the local median — condos, smaller or older homes |
| $200k | 1410 sq ft | around the typical home here |
| $250k | 1760 sq ft | around the typical home here |
| $300k | 2110 sq ft | above the median — larger homes or the pricier ZIPs |
| $400k | 2820 sq ft | above the median — larger homes or the pricier ZIPs |
Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens filtered to Tennessee.
Estimate a specific home in Shelby County
Enter your ZIP and size for an instant estimate tailored to your exact area:
Shelby County home prices: frequently asked
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Browse all Tennessee cities and counties, or look up price per square foot by ZIP code nationwide.
Directional estimates from public market data (Realtor.com & Zillow research; FHFA house price index; Census ZIP-to-county relationships), not appraisals.