Shelby County, Indiana home prices
Typical home $244,636 · +1.1% in a year · property tax 0.66%
The typical home in Shelby County is worth $244,636, 5% less than the Indiana typical home ($257,165). Values changed +1.1% in the past year and +28.2% over five years. Homeowners here pay a median 0.66% of their home's value in property tax each year ($1,626 on the typical home), versus 0.74% statewide.
Mortgage on the typical Shelby County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $48,927 | $195,709 | $1,317 | $0 | $258 | $1,574 | $67,500 |
| 10% down | $24,464 | $220,172 | $1,481 | $92 | $258 | $1,831 | $78,500 |
| 5% down | $12,232 | $232,404 | $1,563 | $97 | $258 | $1,918 | $82,200 |
| 3.5% down (FHA) | $8,562 | $240,205 | $1,616 | $108 | $258 | $1,982 | $84,900 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.66% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in Indiana · part of the Indianapolis metro area.
Indiana counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Carroll County | $242,285 | +5.6% | 0.56% |
| Tipton County | $249,148 | +4.2% | 0.65% |
| Lake County | $250,943 | +2.0% | 0.92% |
| Adams County | $251,184 | +7.2% | 0.77% |
| Jefferson County | $237,972 | +4.6% | 0.64% |
| Wells County | $253,270 | +5.8% | 0.54% |
| Allen County | $254,595 | +3.5% | 0.79% |
| Owen County | $234,540 | +4.6% | 0.66% |
| Posey County | $234,428 | +0.6% | 0.62% |
| Daviess County | $233,087 | +8.2% | 0.69% |
Frequently asked questions
What is the average home price in Shelby County, IN?
The typical home value in Shelby County is $244,636 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Shelby County?
About $67,500 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Shelby County?
The median effective rate is 0.66% of home value a year (Census ACS 2024 5-year estimates).