Shelby County Home Prices & Values

$172,900 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 3.2% 1-year change
  • 1.3% 1-year forecast

The median home value in Shelby County is $172,900. Shelby County home values have gone up 3.2% over the past year and Zillow predicts they will rise 1.3% within the next year. The median list price per square foot in Shelby County is $126, which is higher than the Birmingham Metro average of $95. The median price of homes currently listed in Shelby County is $214,000 while the median price of homes that sold is $171,736. The median rent price in Shelby County is $1,148, which is higher than the Birmingham Metro median of $795.

Foreclosures will be a factor impacting home values in the next several years. In Shelby County 9.0 homes are foreclosed (per 10,000). This is greater than the national value of 4.9

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Shelby County is 3.9%, which is lower than the national value of 8.0%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Shelby County homeowners underwater on their mortgage is 18.4%.

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Relative ZHVI
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Shelby County Market Overview

Data through Mar 31, 2014
  • $172,900 ZHVI
  • 1.3% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow’s prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Mar 31, 2015)
  • $214,000 Median listing price
  • $171,736 Median sale price
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Shelby County Market Health

Data through Mar 31, 2014
  • 1.8/10 Less healthy What's This?  
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    The Market Health Index illustrates the current health of a region’s housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • 154 Average of days on Zillow (Feb 28, 2014)
  • No recent data Homes with negative equity (19.4% US Avg)
  • No recent data Delinquent on mortgage (8.0% US Avg)

Homes foreclosed (per 10,000)

9 homes Shelby County
4.9 homes United States
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Cities in Shelby County

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Lake Purdy $366,200 Indian Springs Village $282,500 Meadowbrook $255,600
Chelsea $200,700 Wilsonville $160,800 Pelham $159,900
Alabaster $145,100 Calera $124,800 Columbiana $109,000

Listings & Sales

Data through Mar 31, 2014
  • $126 Median list price / sq ft
  • $121 Median sale price / sq ft
  • 25.2% Listings with price cut
31.3%
Sold below listing
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Shelby County Rentals

Data through Mar 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,329 Shelby County
$973 Birmingham Metro
$1,315 United States
  • No recent data Breakeven horizon
  • $1,148 Rent list price
  • $0.89 Rent list price / sq ft
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