Investor-grade market analytics for Shelbyville, Tennessee. Data from Zillow ZHVI, FRED, Census ACS, and FEMA NRI. Data through August 2026.
$331,044
+1.3% year-over-year
5.3%
gross annual
+1.3%
base case (Zillow ZHVF)
+1.3% year-over-year
25/100
LowNet migration: Top 29% nationally
In-migrants avg $59,222 AGI vs out-migrants $49,099
Opportunity Zone Market
2 ZIP codes in Shelbyville are designated Qualified Opportunity Zones (IRC 1400Z-2), eligible for capital gains tax deferral on qualifying investments. Learn more →
Shelbyville, TN is in a stabilization phase with 1.3% year-over-year appreciation, suggesting cooling demand and a shift toward balanced conditions. Affordability is moderately stretched with a price-to-income ratio of 5.32x, above the national average of 4.8x. Modest net positive migration (+99 returns/year) provides steady demand support. Climate risk remains low (25/100), favorable for long-term investment stability. Rental yield of 5.35% is moderate, offering acceptable cash flow for leveraged investments.
12-month projection (Zillow ZHVF model)
Shelbyville, TN's primary climate exposure is tornadoes (50/100). The composite climate risk score of 25/100 (Low) indicates overall risk reflecting favorable conditions for long-term real estate investment. This market benefits from relatively low natural hazard exposure compared to coastal and wildfire-prone regions.
Source: FEMA National Risk Index
Migration flows, ZIP-level neighborhood data, full demographics, price history, and the Market Screener.