All Reports › Housing Affordability › Shelby County • March 2026 • All

Housing Affordability

Home price and typical payment compared to income

 Quick Summary

Generating summary...

Housing Affordability • Shelby County • March 2026

Subscribe Use This Report
Print or PDF New report All reports

Affordability

Payment as a Percent of Income

Based on 3-mo. median sale price
March 2026
28.3%
Year-over-year change
-1%
Compared to 28.7% last year
Difference from state
-14%
Compared to 33.1% in Indiana
Export chart   Export data   Open chart   Share chart   Map it!  
March 2026
28.3%
Year-over-year change
-1%
Compared to 28.7% last year
Difference from state
-14%
View source and notes...

Last update: April 7, 2026, 10:16 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
March 2026
55.8%
Year-over-year change
+23%
Compared to 45.5% last year
Difference from state
+34%
Compared to 41.8% in Indiana
Export chart   Export data   Open chart   Share chart   Map it!  
March 2026
55.8%
Year-over-year change
+23%
Compared to 45.5% last year
Difference from state
+34%
View source and notes...

Last update: April 7, 2026, 10:07 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
Export chart   Export data   Open chart   Share chart   Map it!  
January 2025
$77,069
Year-over-year change
+6%
Compared to $72,728 last year
Difference from state
+10%
View source and notes...

Last update: April 7, 2026, 10:16 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
March 2026
$1,820
Year-over-year change
-1%
Compared to $1,845 last year
Difference from state
-6%
Compared to $1,931 in Indiana
Export chart   Export data   Open chart   Share chart   Map it!  
March 2026
$1,820
Year-over-year change
-1%
Compared to $1,845 last year
Difference from state
-6%
View source and notes...

Last update: April 7, 2026, 10:07 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
March 2026
$245,000
Year-over-year change
+2%
Compared to $239,480 last year
Difference from state
-6%
Compared to $260,000 in Indiana
Export chart   Export data   Open chart   Share chart   Map it!  
March 2026
$245,000
Year-over-year change
+2%
Compared to $239,480 last year
Difference from state
-6%
View source and notes...

Last update: April 7, 2026, 10:07 a.m. Source: IAR Data Warehouse Data notes: -

Sales

Closed Sales by Price

12-month rolling total
All properties, April 2026
526
+9%
Under $250K
268
+11%
At Least $250K
258
+8%
Export chart   Export data   Open chart   Share chart   Map it!  
All properties, April 2026
526
+9%
Under $250K
268
+11%
At Least $250K
258
View source and notes...

Last update: April 7, 2026, 10:54 a.m. Source: IAR MLS Data Warehouse Data notes: None

Supply

New Listings by Price

12-month rolling total
All properties, April 2026
629
+10%
Under $250K
294
+16%
At Least $250K
336
+5%
Export chart   Export data   Open chart   Share chart   Map it!  
All properties, April 2026
629
+10%
Under $250K
294
+16%
At Least $250K
336
View source and notes...

Last update: April 7, 2026, 10:54 a.m. Source: IAR MLS Data Warehouse Data notes: None

Inventory by Price

Average daily inventory in latest month
All properties, April 2026
85
+11%
Under $250K
33
+63%
At Least $250K
51
-8%
Export chart   Export data   Open chart   Share chart   Map it!  
All properties, April 2026
85
+11%
Under $250K
33
+63%
At Least $250K
51
View source and notes...

Last update: April 7, 2026, 10:54 a.m. Source: IAR MLS Data Warehouse Data notes: None

Contact

Indiana Association of REALTORS®
143 W Market St, Ste 100
Indianapolis, IN 46204
Phone: 1.800.284.0084

Report an Issue or Submit an Idea

Housing Hub Issue Tracker

Admin

Labs

Copyright © 2026 Indiana Association of REALTORS®