housing costs · Tennessee
Housing costs in Shelby County
What it costs to live here: rent, home values and the share of income rent takes.
Median gross rent
| Survey period | Value | Margin of error | Source |
|---|---|---|---|
| 2020–2024 | $1,232 | ± $12 | evidence → |
| 2019–2023 | $1,170 | ± $11 | evidence → |
| 2018–2022 | $1,103 | ± $11 | evidence → |
| 2017–2021 | $1,014 | ± $12 | evidence → |
Median home value
| Survey period | Value | Margin of error | Source |
|---|---|---|---|
| 2020–2024 | $249,100 | ± $4,330 | evidence → |
| 2019–2023 | $229,700 | ± $3,570 | evidence → |
| 2018–2022 | $206,100 | ± $3,828 | evidence → |
| 2017–2021 | $170,200 | ± $2,344 | evidence → |
Rent as share of income
| Survey period | Value | Margin of error | Source |
|---|---|---|---|
| 2020–2024 | 32.5 % | ± 0.7 % | evidence → |
| 2019–2023 | 31.9 % | ± 0.7 % | evidence → |
| 2018–2022 | 32.4 % | ± 0.7 % | evidence → |
| 2017–2021 | 31.9 % | ± 0.6 % | evidence → |
In context
Median rent in Shelby County is $1,232, above the Tennessee median of $839 across 95 counties (2020–2024).
American Community Survey, five-year estimates. Each release covers five years, so consecutive releases overlap by four of them — a change from one release to the next is damped, and reading them as annual values understates swings. Margins of error are at 90 % confidence and are wide in sparsely populated counties.