Compare Shelby, AL mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in Shelby.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Shelby. Plus, shopping lenders is free and there is no obligation.
September 26, 2025
Below we provide helpful information on the real estate market, home prices and housing affordability in Shelby. Understand how much you need to earn to afford a home in Shelby, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Shelby fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Shelby is right for you.
The median home value for Shelby, AL is $314,997
Based on current mortgage rates and a 10% down payment, you need to make $65,713 per year to buy the median priced home in Shelby
With this income, you could qualify for a $283,497 mortgage, assuming your monthly debt expense is reasonable
Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Shelby is $1,522
The median household income for Shelby, AL is $85,490
Based on this income, you can afford a home valued at approximately $409,797
The home price you can afford to buy based on household income in Shelby is 130% of the median home value which means housing prices are average. Shelby ranks 61 out of 67 counties in Alabama and 2,325 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Shelby, AL is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Shelby below.
Conforming loan limits for Shelby, AL
FHA loan limits for Shelby, AL