In Shelbyville, a typical home is worth $174,700 and typical rent is $995 a month. Compared with all of Shelby County, typical household income is 23% lower, the typical home value is 18% lower, and the share of households that own their home is 17 points lower.
Typical home value from Zillow, September 2021 to September 2026: from $176,062 to $225,039.
Typical rent
$1,083a month
▲ 3.7% more than 12 months ago
Typical rent from Zillow, June 2025 to September 2026: from $1,024 to $1,083.
From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).
Shelbyville is in Shelby County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Shelby County. See the county
What this place has that others do not, from public data, most unusual first.
1
55% of households in Shelbyville own their home, against 72% in Shelby County.
2
The typical household income in Shelbyville is $55,602,23% less than in Shelby County as a whole ($72,190).
3
The typical home in Shelbyville is worth $174,700,18% less than in Shelby County as a whole ($212,400).
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Shelbyville
What homes there are in Shelbyville, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Shelbyville
Shelby County
Indiana
United States
Kind of home: Shelbyville and its comparisons
Measure
Shelbyville
Shelby County
Indiana
United States
Detached house
62%
78%
73%
61%
Attached house
6%
3%
4%
6%
Building of 2 to 4
10%
6%
6%
8%
Apartments (5 or more)
17%
9%
13%
19%
Mobile home
6%
5%
4%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
In Shelbyville, 6 in 10 homes are single-family detached houses; in Shelby County, 8.
Year built
Before 19601960–19791980–19992000–20092010 or later
Shelbyville
Shelby County
Indiana
United States
Year built: Shelbyville and its comparisons
Measure
Shelbyville
Shelby County
Indiana
United States
Before 1960
37%
36%
31%
26%
1960–1979
21%
26%
24%
24%
1980–1999
22%
20%
23%
25%
2000–2009
11%
11%
12%
14%
2010 or later
9%
7%
10%
11%
The typical year built in Shelbyville is 1972, about the same as in Shelby County (1972).
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Under the limitOver the limitUnreliable estimate
Under $100K20%
$100K–$200K41%
$200K–$300K25%
$300K–$500K12%
$500K–$750KUnreliable
FHA limit: $541,287
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Shelbyville and its comparisons
Measure
Shelbyville
Under $100K
20%
$100K–$200K
41%
$200K–$300K
25%
$300K–$500K
12%
$500K–$750K
Unreliable estimate
$750K–$1M
Unreliable estimate
$1M or more
Unreliable estimate
At least 98% of owner-occupied homes in Shelbyville are worth less than $500,000, below the FHA loan limit for Shelby County ($541,287).
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$99946%
$1,000–$1,49940%
$1,500–$1,999Unreliable
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Shelbyville and its comparisons
Measure
Shelbyville
Under $500
Unreliable estimate
$500–$999
46%
$1,000–$1,499
40%
$1,500–$1,999
Unreliable estimate
$2,000–$2,499
Unreliable estimate
$2,500–$2,999
Unreliable estimate
$3,000 or more
Unreliable
With a mortgage
$1,229 a month
Shelby County: $1,403 a month
Without a mortgage
$447 a month
Shelby County: $488 a month
Owners with a mortgage
65%
Shelby County: 63%
Owning costs less in Shelbyville: with a mortgage, the typical cost is $1,229 a month; in Shelby County, $1,403. Without one, $447.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Shelbyville+71%
Shelby County+60%
Indiana+54%
United States+53%
Typical rent
Shelbyville+25%
Shelby County+23%
Indiana+29%
United States+33%
Typical household income
ShelbyvilleNo clear change
Shelby County+20%
Indiana+28%
United States+29%
Change since 2015–2019: Shelbyville and its comparisons
Measure
Shelbyville
Shelby County
Indiana
United States
Typical home value
+71%
+60%
+54%
+53%
Typical rent
+25%
+23%
+29%
+33%
Typical household income
No clear change
+20%
+28%
+29%
The typical home value in Shelbyville rose 71% since 2015–2019, more than in Shelby County (60%).
The typical rent in Shelbyville rose 25% since 2015–2019, about the same as in Shelby County (23%).
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Shelbyville and its comparisons
Measure
Shelbyville
Shelby County
Indiana
United States
Rental vacancy
7.9%
6.2%
5.6%
5.5%
Homeowner vacancy
Unreliable estimate
Unreliable estimate
0.8%
0.9%
More than one person per room
Unreliable estimate
1.7%
1.8%
3.4%
People per household
2.26
2.41
2.46
2.53
Drive alone
80%
80%
76%
69%
Carpool
9%
7%
9%
9%
Public transit
Unreliable estimate
Unreliable estimate
1%
3%
Walk or bike
4%
3%
2%
3%
Work from home
6%
9%
11%
15%
Other means
Unreliable estimate
Unreliable estimate
1%
2%
Typical commute
Unreliable estimate
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
The rental vacancy rate in Shelbyville is 7.9%, higher than in Shelby County (6.2%).
On average, a household in Shelbyville has 2.26 people, fewer than in Shelby County (2.41).
In Shelbyville, 80% of workers drive alone to work; in Shelby County, 80%.
Do the math
What would you pay each month for a home in Shelbyville?
A typical home is tight for the typical income
We start with a typical home in Shelbyville, worth $174,700, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 31% of the typical household income in Shelbyville, which is $55,602 a year. For that payment to be 28% of income, a household would need to earn about $61,037 a year.
The calculator's FHA and conventional loan limits are those of all of Shelby County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Shelbyville. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $6,115 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$1,424
at 7.18% · 30 years
Loan amount
$171,535
Total interest
$246,799
Paid off in
November 2056
Includes $2,950 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,297 a month
Tight
$1,297 to $1,668 a month
Your payment · 31%
Hard
more than $1,668 a month
Compared with the typical household income in Shelbyville ($55,602 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$1,162
Property tax
$112
Home insurance
$73
FHA mortgage insurance (MIP)
$77
You need at least $6,115 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $1,424; principal and interest $1,162.
The city and its county
Shelbyville and Shelby County
Shelbyville is in Shelby County, Indiana. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Shelbyville
Map of Shelby County, Indiana, with Shelbyville marked. Around it, the neighboring counties.
Shelbyville
Shelby County
Other cities with a page
Shelbyville's own numbers
Typical home value
$174,700
Typical monthly rent
$995
Typical yearly household income
$55,602
Households that own their home
55%
Effective property tax rate
0.77%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Shelby County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,536
Price change over 5 years (FHFA)
+54%
Homes in a high flood-risk zone
4.6%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Shelby County.
A typical home in Shelbyville is worth $174,700: 18% below the county and 20% below Indiana. With the typical household income in Shelbyville ($55,602 a year), a typical home costs 3.1 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Shelbyville3.1 years
Shelby2.9 years
Indiana3.0 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Shelby County
According to FHFA’s house price index, home prices in Shelby County rose 98% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Shelby County.
Yearly change in FHFA’s price index in Shelby County, 2016 to 2025
2016: +1.6% +1.6% 2016
2017: +6.1% +6.1% 2017
2018: +6.9% +6.9% 2018
2019: +5.0% +5.0% 2019
2020: +6.3% +6.3% 2020
2021: +11.4% +11.4% 2021
2022: +14.9% +14.9% 2022
2023: +9.5% +9.5% 2023
2024: +2.8% +2.8% 2024
2025: +7.0% +7.0% 2025
Change in FHFA’s price index in Shelby County, Indiana and the United States
Period
County
Indiana
U.S.
Last year (2025)
+7.0%
+4.3%
+2.9%
5 years (2020–2025)
+54%
+53%
+47%
10 years (2015–2025)
+98%
+95%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Shelbyville next to Shelby County, Indiana and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Shelbyville$174,700
Shelby$212,400
Indiana$218,200
United States$332,700
Typical monthly rent
Shelbyville$995
Shelby$987
Indiana$1,062
United States$1,413
Typical yearly household income
Shelbyville$55,602
Shelby$72,190
Indiana$71,957
United States$80,734
See the full table
Shelbyville next to Shelby County and Indiana
Measure
Shelbyville
Shelby County
Indiana
U.S.
Typical home value
$174,700 ▼18% below the county
$212,400
$218,200
$332,700
Typical monthly rent
$995
$987
$1,062
$1,413
Typical yearly household income
$55,602 ▼23% below the county
$72,190
$71,957
$80,734
Households that own their home
55% ▼17 points below the county
72%
71%
65%
Typical yearly property tax
$1,353 ▼4% below the county
$1,412
$1,614
$3,119
Effective property tax rate
0.77% ▲0.11 points above the county
0.66%
0.74%
0.94%
Renters with high rent for their income
40%
41%
48%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Shelby County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Shelbyville
For a typical $174,700 home in Shelbyville, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Shelbyville's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$1,424a month
Least cash to close
Down payment
$6,115
Cash to close
$11,356
Rate
7.18%
Mortgage insurance
FHA MIP · $77
Conventional, 5% down$1,392a month
Down payment
$8,735
Cash to close
$13,976
Rate
7.18%
Mortgage insurance
PMI · $83
Conventional, 20% down, no PMI$1,132a month
Down payment
$34,940
Cash to close
$40,181
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$1,293a month
Down payment
$26,205
Cash to close
$31,446
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Shelbyville
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$1,424
$6,115
$171,536
7.18%
FHA MIP · $77
$11,356
580
Conventional, 5% down
$1,392
$8,735
$165,965
7.18%
PMI · $83
$13,976
620*
Conventional, 20% down, no PMI
$1,132
$34,940
$139,760
7.18%
None
$40,181
620*
ITIN, 15% down (example)
$1,293
$26,205
$148,495
8.18%
None
$31,446
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in Shelbyville is $995 a month: about the same as the county. In Shelbyville, 40% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Shelby County, by unit size. To pay the 2-bedroom one ($1,536 a month) without spending more than 30% of your income, you would need to earn $29.54 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Shelby County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$1,187
$22.83
$47,480
1 bedroom
$1,336
$25.69
$53,440
2 bedrooms
$1,536
$29.54
$61,440
3 bedrooms
$1,991
$38.29
$79,640
4 bedrooms
$2,425
$46.63
$97,000
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Shelbyville
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Shelbyville is in ZIP code 46176.
For 2 bedrooms it is $1,280: $256 less than the fair market rent for Shelby County ($1,536).
Fair market rent by ZIP code and size in Shelbyville, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
46176
$990
$1,110
$1,280
$1,660
$2,020
ZIP code2 bd3 bd
46176 $1,280$1,660
1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Shelbyville when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
We found no HUD-approved agencies with an office in Shelby County. The nearest ones are below; many serve by phone or online.
No down payment, repair or rent-help program on our list is for Shelbyville or Shelby County. The ones below are statewide in Indiana: they work in Shelbyville the same as in the rest of the state.
Indiana state agency program with down payment assistance of 2.5% or 3.5% of the price, alongside a 30-year FHA or conventional mortgage.Offered by Indiana Housing and Community Development Authority (IHCDA).
Indiana state agency 30-year FHA or conventional mortgage for first-time buyers (or homes in designated areas), with down payment assistance as a second mortgage with no interest or payments, repaid when the first mortgage ends.Offered by Indiana Housing and Community Development Authority (IHCDA).
No legal help resource on our list is for Shelbyville or Shelby County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Shelbyville and all of Shelby County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Shelbyville?
The typical home value in Shelbyville is $174,700, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Shelby County it is $212,400.
How much does it cost to rent in Shelbyville?
Typical rent in Shelbyville is $995 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Shelby County is $1,536.
What is the FHA loan limit in Shelbyville?
Shelbyville uses the FHA limit for all of Shelby County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.
How much property tax do owners pay in Shelbyville?
The typical homeowner in Shelbyville pays $1,353 a year, according to the U.S. Census Bureau. That is 0.77% of the home’s value; in Shelby County, the rate is 0.66%.
Where can I find free help to buy or rent in Shelbyville?
We found no HUD-approved counseling agencies with an office in Shelby County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.
