Shelby County, Indiana: What It Costs to Buy a Home
The median home in Shelby County is worth $188,300, property taxes on it run about $1,327 a year (0.7%), the FHA loan limit is $541,287. Each number below opens its own page with the source and a calculator.
| Median home value | $188,300 | Title insurance at this price → |
|---|---|---|
| Property taxes (median paid) | $1,327 a year, 0.7% of value | Property tax page → |
| FHA loan limit (1 unit) | $541,287 | Loan limits page → |
| Conforming loan limit (1 unit) | $832,750 | Loan limits page → |
| Transfer tax | None in Indiana | Indiana transfer tax page → |
| Area median income (HUD, family of 4) | $110,300; low-income limit $88,250 | Income limits page → |
Frequently asked questions
How much do homes cost in Shelby County?
The median owner-occupied home in Shelby County is valued at $188,300, per U.S. Census Bureau, ACS 2019-2023 five-year estimates, table B25077 (median value of owner-occupied housing units).
How much are property taxes in Shelby County?
The median Shelby County homeowner pays $1,327 a year in real estate taxes, about 0.7% of the median home value ($1,407 for homes with a mortgage), per the Census Bureau's American Community Survey.
What is the FHA loan limit in Shelby County?
$541,287 for a one-unit home in 2026 (the national floor), per HUD; the conforming limit for Fannie Mae and Freddie Mac loans is $832,750, per FHFA.
What does it cost to close on a home in Shelby County?
On the $188,300 median home: no transfer tax in Indiana, about $0 for those items before lender fees, prepaid taxes and insurance.
What is the area median income in Shelby County?
HUD's FY 2026 median family income for Shelby County (Indianapolis-Carmel, IN HUD Metro FMR Area) is $110,300. A family of four counts as low income below $88,250 under HUD's 80% tier (adjusted for local housing costs, so it can sit above 80% of the median), which is the line many first-time buyer assistance programs use.
Nearby Indiana counties
- Ripley County $205,300
- Rush County $155,900
- Scott County $145,400
- Spencer County $180,200
- St. Joseph County $179,800
- Starke County $148,400
Sources
- U.S. Census Bureau, ACS 2019-2023 five-year estimates, table B25077 (median value of owner-occupied housing units)
- U.S. Census Bureau, ACS 2019-2023 five-year estimates, table B25103 (median real estate taxes paid)
- HUD, FHA forward mortgage loan limits for calendar year 2026 (CHUMS county limits file, Mortgagee Letter 2025-23)
- FHFA, conforming loan limits for mortgages acquired in calendar year 2026, by county
Figures are computed from the documents above and rounded to the dollar. All sources.
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General information, not financial, tax or legal advice. Figures are medians and schedule computations, not quotes.
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