Shelby, IN housing market
Home prices around Shelby have risen about 59% over the past 5 years.
Home values, sales, trends and how Shelby compares with the towns next door — updated as new data is published.
Home prices up 59% in 5 years
The federal house price index for the ZIP codes around Shelby rose 59% over the past 5 years, faster than across Indiana (53%). Last year prices rose 5.4%.
Show as a table
| Year | Change that year | Since 2000 | Indiana since 2000 |
|---|---|---|---|
| 2025 | +5.4% | +144% | +126% |
| 2024 | +5.7% | +131% | +117% |
| 2023 | +7.6% | +119% | +106% |
| 2022 | +17% | +103% | +90% |
| 2021 | +13% | +74% | +65% |
| 2020 | +4.4% | +54% | +48% |
| 2019 | +6% | +47% | +42% |
| 2018 | +5.9% | +39% | +34% |
| 2017 | +1.3% | +31% | +26% |
| 2016 | +2.1% | +30% | +20% |
| 2015 | +4.1% | +27% | +16% |
| 2014 | +1.1% | +22% | +13% |
| 2013 | −0.8% | +21% | +10% |
| 2012 | +0.3% | +22% | +9% |
| 2011 | −0.5% | +21% | +9.6% |
| 2010 | −3% | +22% | +12% |
| 2009 | −0.1% | +26% | +14% |
| 2008 | −0.8% | +26% | +17% |
| 2007 | +3.6% | +27% | +18% |
| 2006 | +3% | +22% | +16% |
| 2005 | +4.8% | +19% | +14% |
| 2004 | +3.8% | +13% | +10% |
| 2003 | +1.7% | +9.2% | +7.8% |
| 2002 | +1.4% | +7.4% | +6.3% |
| 2001 | +5.9% | +5.9% | +4.3% |
| 2000 | — | — | — |
How Shelby ranks on rising home prices →
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 47250, 47224, covering 65% of Shelby’s land, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost.
Shelby and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|---|
| Shelby | — | +5.4%† | $960 | $57,500 |
| Monroe | — | +5.4%† | $960 | $46,646 |
| Milton | — | +5%† | $960 | $98,672 |
| Madison | $248K | +4.8% | $960 | $61,237 |
| Pleasant | — | +0.2%† | $970 | $105,400 |
| Brown | — | +14.7%† | $990 | $105,208 |
† FHFA price index change, where Zillow has no home value for the town.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $960
HUD's Fair Market Rent for a two-bedroom in Shelby is $960 a month, utilities included: roughly what a modest, recently rented unit costs.
Studio $660 · 4 bedrooms $1,490
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (47224, 47250; Jefferson County, IN), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.