All Reports Housing Affordability Shelby County • February 2026 • All

Housing Affordability

Home price and typical payment compared to income

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Housing AffordabilityShelby CountyFebruary 2026

Affordability

Payment as a Percent of Income

Based on 3-mo. median sale price
February 2026
28.2%
Year-over-year change
-7%
Compared to 30.4% last year
Difference from state
-14%
Compared to 32.8% in Indiana
View source and notes...

Last update: March 7, 2026, 4:23 a.m. Source: IAR Data Warehouse / American Community Survey Data notes: Assumes 10% down payment, 0.77% tax rate, 0.83% insurance rate, 0.79% PMI rate. Interest rates are based on the national 4-week rolling average.

Affordable Listings

Pct. of listings in last 90 days affordable to household earning $75K
February 2026
54.9%
Year-over-year change
+7%
Compared to 51.5% last year
Difference from state
+22%
Compared to 45.2% in Indiana
View source and notes...

Last update: March 7, 2026, 4:11 a.m. Source: IAR Data Warehouse Data notes: Assumes 10% down payment, 0.77% tax rate, 0.83% insurance rate, 0.79% PMI rate. Interest rates are based on the national 4-week rolling average.

Demographics

Median Household Income

Adjusted to current dollars
January 2025
$77,069
Year-over-year change
+6%
Compared to $72,728 last year
Difference from state
+10%
Compared to $69,976 in Indiana
View source and notes...

Last update: March 7, 2026, 4:23 a.m. Source: American Community Survey and Bureau of Labor Statistics Employment Cost Index Data notes: The most recent income measure from the American Community Survey is adjusted by two-year change in the Employment Cost Index to adjust to current dollars.

Market Momentum

Price

Median Monthly Payment

For median-priced home
February 2026
$1,812
Year-over-year change
-7%
Compared to $1,954 last year
Difference from state
-5%
Compared to $1,911 in Indiana
View source and notes...

Last update: March 7, 2026, 4:11 a.m. Source: IAR Datawarehouse Data notes: Assumes 10% down payment, 0.77% tax rate, 0.83% insurance rate, 0.79% PMI rate. Interest rates are based on the national 4-week rolling average.

Median Sale Price

3-Month Rolling Median
February 2026
$246,450
Year-over-year change
-1%
Compared to $249,900 last year
Difference from state
-5%
Compared to $259,900 in Indiana
View source and notes...

Last update: March 7, 2026, 4:11 a.m. Source: IAR Data Warehouse Data notes: -

Sales

Closed Sales by Price

12-month rolling total
All properties, February 2026
524
+9%
Under $250K
269
+14%
At Least $250K
255
+4%
View source and notes...

Last update: March 7, 2026, midnight Source: IAR MLS Data Warehouse Data notes: None

Supply

New Listings by Price

12-month rolling total
All properties, March 2026
640
+16%
Under $250K
296
+21%
At Least $250K
345
+10%
View source and notes...

Last update: March 7, 2026, midnight Source: IAR MLS Data Warehouse Data notes: None

Inventory by Price

Average daily inventory in latest month
All properties, March 2026
93
+23%
Under $250K
36
+58%
At Least $250K
57
+8%
View source and notes...

Last update: March 7, 2026, midnight Source: IAR MLS Data Warehouse Data notes: None