Shelby County, IN

Comprehensive housing, income, and cost of living data for Shelby County, Indiana. Population: 44.9K.

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Median Home Price

$244.3K

Based on 8 cities

Median Household Income

$71.3K

Annual household income

Price-to-Income Ratio

3.4x

Moderately affordable

Salary Needed to Buy

$62.1K

30-yr mortgage, 6.5% rate, 20% down

Housing & Finance

Annual Property Tax

$1,327

Average annual amount

Effective Tax Rate

0.54%

Property tax / home value

Monthly Housing Costs

Mortgage (P&I)$1,236

Property Tax$111

Insurance$102

Total Monthly$1,448

Historical Home Prices

2015

$116.3K

2016

$123.5K

+6.2%%

2017

$131.1K

+6.1%%

2018

$138.6K

+5.7%%

2019

$147.0K

+6.1%%

2020

$165.5K

+12.6%%

2021

$190.7K

+15.3%%

2022

$211.5K

+10.9%%

2023

$220.1K

+4.1%%

2024

$232.0K

+5.4%%

2025

$235.1K

+1.3%%

Source: County price history data via Zillow ZHVI

Demographics & Economics

Unemployment Rate

3.6%%

Below national average

Population Density

109

People per square mile

Homicide Rate

13.4

Medium (per 100K residents)

Political Lean (2020)

Competitive

R+0

Racial Demographics

White

90.5%

Black

1.2%

Hispanic

5.4%

Asian

0.9%

Two or More Races

1.9%

Source: Census ACS 2023. Hispanic/Latino ethnicity counted separately from race.

Climate & Environment

Average Temperature

53°F

Annual average

Sunny Days

176

Days per year

Annual Rainfall

44.7"

Inches per year

Natural Disaster Risk

Moderate Risk

Score: 43/100

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