Rental numbers for Shelby County, KY
The typical home here runs -$1,054 a month at 7.78% with 25% down, breaking even at about 0.2%. 0 of 1 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 6.0%.
- Gross yield
- 5.6%
- typical home, Zillow
- Median ZIP yield
- 6.0%
- 1 ZIPs with full data
- Cash flow
- -$1,054/mo
- at 7.78%, 25% down
- Typical price
- $327,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,532/mo
- Zillow ZORI, Aug 2026
ZIP codes in Shelby County
7 with published figures
| 40057Pleasureville | $248,000 | $1,330* | 6.4% | 3.2% | -$672 | n/a |
| 40003Bagdad | $235,000 | $1,260* | 6.4% | 3.3% | -$615 | n/a |
| 40065Shelbyville | $309,000 | $1,544 | 6.0% | 2.8% | -$937 | n/a |
| 40076Waddy | $314,000 | $1,100* | 4.2% | 1.5% | -$1,294 | n/a |
| 40067Simpsonville | $407,000 | $1,380* | 4.1% | 1.3% | -$1,753 | n/a |
| 40023Louisville | $549,000 | $1,710* | 3.7% | 1.2% | -$2,418 | n/a |
| 40022Finchville | $507,000 | $1,140* | 2.7% | 0.4% | -$2,545 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- -0.5%
- Rent, 12 months
- n/a
- Rent minus price growth
- n/a
- Property tax
- 0.77%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $283,205 | n/a |
| Aug 2022 | $311,074 | n/a |
| Aug 2023 | $312,215 | n/a |
| Aug 2024 | $316,907 | n/a |
| Aug 2025 | $328,310 | n/a |
| Aug 2026 | $326,569 | $1,532 |
HUD Fair Market Rent
FY2027, Shelby County, KY HUD Metro FMR Area
| Bedrooms | Studio | 1 bed | 2 bed | 3 bed | 4 bed |
|---|---|---|---|---|---|
| Fair Market Rent | $873 | $998 | $1,149 | $1,369 | $1,692 |
The 40th percentile gross rent for a standard unit, set by HUD each October and used for Section 8 payment standards. It runs below market rent; Zillow's index is shown above where it exists.
Supply
- Permits per 1,000 households
- 14.8
- 273 units, last 12 months
- National percentile
- 83th
- among US counties
Tools
Test a listing in Shelby County against today's rate.
Open the calculatorQuestions
- Is Shelby County good for rental property?
- The typical home here runs -$1,054 a month at 7.78% with 25% down, breaking even at about 0.2%. 0 of 1 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 6.0%. The figures use a typical home, 7.78% with 25% down and default costs shown on each ZIP page. They describe the market, not any one property.
- What is the property tax rate in Shelby County?
- About 0.77% of value, from Census ACS median taxes paid over median home value. On a $327,000 home that is about $2,505 a year.
- What is Fair Market Rent in Shelby County?
- HUD's FY2027 Fair Market Rent here is $998 for a 1-bedroom, $1,149 for a 2-bedroom and $1,369 for a 3-bedroom. Typical cash flow at today's rate is -$1,054 a month.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- HUD Fair Market Rents by county, FY2027
US Department of Housing and Urban Development. Read: FY2027.
County rent by bedroom count on county pages.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
- Building Permits Survey, county monthly files
US Census Bureau. Read: 2025-09 to 2026-08.
New housing units permitted in the last 12 months per 1,000 households, a supply-pressure signal.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.