Shelby County, IN Average Home Price (2026)
The average home price in Shelby County, Indiana is about $256,000 (the 2026 median across 8 ZIP codes, at ~$167/sq ft) — 9% more expensive than the Indiana median and 11% more affordable than the typical U.S. home.
How Shelby County compares
Shelby County is about average for housing nationally: its typical home costs $256,000 against $234,000 for Indiana and $289,000 for the U.S. Within the county, ZIP-level values run from about $225,000 to $323,000.
| Area | Typical value | $ / sq ft |
|---|---|---|
| Shelby County | $256,000 | $167 |
| Indiana | $234,000 | $154 |
| United States | $289,000 | $193 |
Shelby County home prices by ZIP code
The 8 most valuable ZIP codes in Shelby County (of 8 with data):
| ZIP code | Typical value | $ / sq ft | vs county |
|---|---|---|---|
| 46130 Fountaintown | $323,000 | $156 | +26% |
| 46110 Boggstown | $318,000 | $215 | +24% |
| 46126 Fairland | $271,000 | $166 | +6% |
| 46161 Morristown | $267,000 | $168 | +4% |
| 47234 Flat Rock | $245,000 | $169 | -4% |
| 46182 Waldron | $240,000 | $253 | -6% |
| 46124 Edinburgh | $230,000 | $159 | -10% |
| 46176 Shelbyville | $225,000 | $149 | -12% |
Home value appreciation in Shelby County
Home prices in Shelby County have risen about 98% over the last 10 years (≈7.1% a year) and +96.9% over 20 years, according to the FHFA house price index through 2025. The most recent year came in at +7.0% — still rising. A home worth $256,000 today was worth roughly $129,293 ten years ago.
See where that trend takes a specific home with the home appreciation calculator — statewide, Indiana is +94.5% over the same 10 years. Past appreciation is a track record, not a forecast; local prices can fall.
Calculators for Shelby County
Run the numbers for Shelby County with the local rates already filled in — change any input to test your own situation.
Salary needed to buy a home in Shelby County
To buy the typical $256,000 home in Shelby County with 20% down, you need a household income of roughly $70,000 a year (about $1,630 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $83,000, because the loan is bigger and mortgage insurance kicks in.
| Down payment | Cash down | Monthly payment | Income needed |
|---|---|---|---|
| 5% (+PMI) | $12,800 | $2,020/mo | $87,000/yr |
| 10% (+PMI) | $25,600 | $1,930/mo | $83,000/yr |
| 20% | $51,200 | $1,630/mo | $70,000/yr |
Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.
What your budget buys in Shelby County
At about $167 per square foot, here is roughly how much home different budgets get you in Shelby County:
| Budget | Approx. size | What that looks like locally |
|---|---|---|
| $150k | 900 sq ft | below the local median — condos, smaller or older homes |
| $200k | 1200 sq ft | below the local median — condos, smaller or older homes |
| $250k | 1500 sq ft | around the typical home here |
| $300k | 1800 sq ft | around the typical home here |
| $400k | 2400 sq ft | above the median — larger homes or the pricier ZIPs |
Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens filtered to Indiana.
Estimate a specific home in Shelby County
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Shelby County home prices: frequently asked
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Browse all Indiana cities and counties, or look up price per square foot by ZIP code nationwide.
Directional estimates from public market data (Realtor.com & Zillow research; FHFA house price index; Census ZIP-to-county relationships), not appraisals.