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Shelby city, MS

ZIP 38774 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Low Income AreaLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 38774

Median Home Value
$82,400
Median Rent
$472
Affordability Snapshot
$23,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$529/mo PITI).

26%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.8x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

14.5 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 38774 in Shelby city, MS, a household would need roughly $23,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $529. That is roughly in line with the local median household income ($21,689). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 13% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
60.8%-7% vs US avg
x
Vacancy Rate
12.6%+23% vs US avg
x
Broadband Access
66.2%-24% vs US avg
x
4+ Bedrooms
0.0%
x
Built Pre-1939
10.0%-22% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
34.9%-30% vs US avg
x
Mortgage-Free
64.4%+68% vs US avg
x
$82,400
Home Value
$472
Rent
1972
Year Built
2006
Moved In

Residents have lived here since ~2006 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached62.1%
  • 1-unit attached0.0%
  • 2-9 units25.8%
  • 10+ units2.1%
  • Mobile home & other10.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$82,400
Median rent$472
Owner-occupied60.8%
Vacant12.6%
Price-to-income3.8x
Est. income to buy$23,000