All Reports › Housing Affordability › Shelby County • July 2026 • All Residential

Housing Affordability

Home price and typical payment compared to income

 Quick Summary

Generating summary...

Housing Affordability • Shelby County • July 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
July 2026
29.1%
Year-over-year change
-2%
Compared to 29.7% last year
Difference from state
-31%
Compared to 42.3% in Indiana
Export chart   Export data   Open chart   Share chart   Map it!  
July 2026
29.1%
Year-over-year change
-2%
Compared to 29.7% last year
Difference from state
-31%
View source and notes...

Last update: Aug. 7, 2026, 4:05 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
July 2026
46.4%
Year-over-year change
-0%
Compared to 46.6% last year
Difference from state
+27%
Compared to 36.4% in Indiana
Export chart   Export data   Open chart   Share chart   Map it!  
July 2026
46.4%
Year-over-year change
-0%
Compared to 46.6% last year
Difference from state
+27%
View source and notes...

Last update: Aug. 7, 2026, 3:56 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
+24%
Compared to $61,915 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
+24%
View source and notes...

Last update: Aug. 7, 2026, 4:05 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
July 2026
$1,871
Year-over-year change
-2%
Compared to $1,910 last year
Difference from state
-14%
Compared to $2,183 in Indiana
Export chart   Export data   Open chart   Share chart   Map it!  
July 2026
$1,871
Year-over-year change
-2%
Compared to $1,910 last year
Difference from state
-14%
View source and notes...

Last update: Aug. 7, 2026, 3:56 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
July 2026
$244,900
Year-over-year change
-1%
Compared to $246,500 last year
Difference from state
-14%
Compared to $285,700 in Indiana
Export chart   Export data   Open chart   Share chart   Map it!  
July 2026
$244,900
Year-over-year change
-1%
Compared to $246,500 last year
Difference from state
-14%
View source and notes...

Last update: Aug. 7, 2026, 3:56 a.m. Source: IAR Data Warehouse Data notes: -

Sales

Closed Sales by Price

12-month rolling total
All properties, August 2026
540
+3%
Under $250K
272
-0%
At Least $250K
268
+7%
Export chart   Export data   Open chart   Share chart   Map it!  
All properties, August 2026
540
+3%
Under $250K
272
-0%
At Least $250K
268
View source and notes...

Last update: Aug. 7, 2026, 4:44 a.m. Source: IAR MLS Data Warehouse Data notes: None

Supply

New Listings by Price

12-month rolling total
All properties, August 2026
644
+7%
Under $250K
306
+9%
At Least $250K
342
+6%
Export chart   Export data   Open chart   Share chart   Map it!  
All properties, August 2026
644
+7%
Under $250K
306
+9%
At Least $250K
342
View source and notes...

Last update: Aug. 7, 2026, 4:44 a.m. Source: IAR MLS Data Warehouse Data notes: None

Inventory by Price

Average daily inventory in latest month
All properties, August 2026
129
+19%
Under $250K
54
+26%
At Least $250K
75
+14%
Export chart   Export data   Open chart   Share chart   Map it!  
All properties, August 2026
129
+19%
Under $250K
54
+26%
At Least $250K
75
View source and notes...

Last update: Aug. 7, 2026, 4:44 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®