The story of this market
The typical home in Shelby County, Indiana sells for about $239,282, or $132 per square foot.
Prices are up +6.3% from a year ago, so sellers still have some momentum. Homes take about 33 days to sell. Over the long run, values in this county have grown 108% since 2000. Last year 9 of 10 neighborhoods saw prices rise, so the story isn't the same street to street. The biggest natural hazard here is tornado, which FEMA rates relatively high. HUD's fair market rent for a two-bedroom is $1,536 a month.
HUD sets the fair market rent for a 2-bedroom at $1,536 a month. FEMA's National Risk Index rates overall hazard risk here as Relatively Moderate.
Price climate
Every year of price change, 2000–2025
+7.3%
2025
Each stripe is one year's median price change across the area's census tracts (FHFA repeat-sales index). Deep blue is a strong gain year, red a falling year. Best: 2022 (+15%). Worst: 2010 (-3.9%). Hover to read a year.
Monthly price momentum
Home values since 2015
+4.7%
IN · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Rent benchmark
Fair market rent by size
$1,991
3-bed / month
HUD Fair Market Rents, fiscal 2027, for this county. A typical rent for a modest unit, used to set housing-voucher payments.
Neighborhood price trend
Long-run price trend, 2000–2025
+7.3%
2025 change
FHFA repeat-sales index, median of 10 census tracts in this county (2000 = 100). Bars are each year's median change.
Natural hazard exposure
The area's risk shape
61
Relatively Moderate
FEMA National Risk Index. Each spoke is a hazard ranked nationally, where 100 is the most exposed. Expected annual loss: $16,256,490.
Mortgage activity
Home lending in this county
77.9%
2019 approval rate
| Year | Applications | Loans made | Approval | Investor share | Median home value |
|---|---|---|---|---|---|
| 2018 | 2229 | 1230 | 77% | 3.4% | $165,000 |
| 2019 | 2599▲ | 1417▲ | 77.9%▲ | 3.8%▲ | $190,000▲ |
CFPB Home Mortgage Disclosure Act records: every mortgage application reported by lenders for homes in this county. Approval rate is approved ÷ decided (withdrawn and incomplete files excluded). Investor share and home value are the median census tract.
Shelby County, Indiana
Shelby County is experiencing a surge in residential development and price appreciation, significantly outpacing national trends. The market is characterized by strong demand and a notable increase in new construction permits, particularly in the county seat of Shelbyville.
No ARED distress-ledger coverage for this county yet — the foreclosure ingest rotates the national county directory, and filings appear here once the county's posted notices are read. Key-figure check: median price corroborated by the published ten-year series (2025) (within 12.5%).
Select a city to expand its ZIP intel reports beneath · 1 city · 1 ZIP report
Median prices moved up 6.3% year over year.
Homes spend a median of 33 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) — a stable, low-distress profile.
No researched properties in this county yet — the property base layer populates as property research runs, and each property feeds its ZIP's roll-up.
researched Sep 18
| 46176 | Shelbyville | $247,900 | $151 | +9.8% | 19 | — | — | — | 93 | $985 | researched Sep 18 |
Figures are each ZIP report's own latest research — the county roll-up aggregates them sales_count-weighted (population fallback); ZIPs cycle quarterly.
Shelbyville is experiencing significant residential investment, with single-family housing permits in the county increasing by 219% year-over-year as of July.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Indiana) — Ad Valorem Property Assessment: Property is assessed at 100% of true tax value, determined by market-based assessment systems and annual adjustments. State (Indiana) — Standard Homestead Deduction: Removes the first $45,000 of the homestead's assessed value from taxation. State (Indiana) — Indiana Property Tax Caps (Circuit Breaker): Limits annual property tax liability to 1% of gross assessed value for principal residences, 2% for other residential property, and 3% for non-residential property.
The county economy is anchored by residential growth and development, with Shelbyville serving as a competitive, affordable alternative to the Indianapolis urban ring.
Data retrieved from Census Reporter and US Census QuickFacts.
applies when — Property must be the taxpayer's principal place of residence.
Removes the first $45,000 of the homestead's assessed value from taxation.
Indiana Code 6-1.1-12-37.
Indiana requires a judicial foreclosure process, meaning lenders must file a lawsuit in court to obtain a foreclosure decree.
Indiana Code 32-30-10.
Property is assessed at 100% of true tax value, determined by market-based assessment systems and annual adjustments.
Indiana Code 6-1.1-4.
applies when — Applies to the sale, exchange, or installment contract of residential real estate containing not more than four dwelling units.
Requires the seller to complete a disclosure form regarding the condition of the property, subject to specific statutory exemptions (e.g., court-ordered transfers, foreclosures).
Indiana Code 32-21-5.
Limits annual property tax liability to 1% of gross assessed value for principal residences, 2% for other residential property, and 3% for non-residential property.
Indiana Constitution Article X, Section 1; Indiana Code 6-1.1-20.6.
≈ $2,393/yr on a $239,282 median
Governance registry — every jurisdiction re-researches on a rolling 90-day cycle. Property reports compose these inherited burdens into a per-parcel ledger with conditional determinations. Informational only — not legal advice.