Income needed to buy a home
Shelby County, TX
$79,020
a year in household income to buy the typical Shelby County home with 10% down.
The monthly math
Typical home value$241,317
Down payment (10%)$24,132
Loan$217,185
Principal and interest (7.40%)$1,504/mo
Property tax (0.64% a year)$129/mo
Homeowners insurance (estimate)$121/mo
Mortgage insurance$90/mo
Total monthly cost$1,844/mo
Income needed keeps housing at 28% of gross income, the lender rule of thumb.
What locals earn
Far off
The typical household here earns $49,776 a year, 63% of what it takes.
In Texas
Shelby County ranks #140 of 243 for the income a home takes, from least to most.
Easiest to afford in Texas
| County | Typical home | Income needed |
|---|---|---|
| Cochran County | $61,203 | $20,843 |
| Hardeman County | $64,169 | $21,521 |
| Brooks County | $71,429 | $24,688 |
| Cottle County | $78,952 | $27,274 |
| Foard County | $80,527 | $28,391 |
Typical home value from the Zillow Home Value Index, August 2026. Rate is the Freddie Mac 30-year average for Oct 8, 2026. Property tax rate is total taxes paid divided by total home value in the county (U.S. Census, ACS 2020-2024). How it works.