Market Snapshot
Report generated March 2026
| Indicator | Value |
|---|---|
| Population | 48,007 ↓ 0.5% since 2020 |
| Median Household Income | $72,822 2% below national median |
| Median Home Value | $190,300 |
| Unemployment Rate | 4.6% |
| Median Age | 40.1 years |
| Housing Vacancy Rate | 6.6% |
| Total Land Sales (Past 12 Months) | 27 transactions |
| Active Listings | 17 properties |
| Avg Days on Market | 494 days |
Rural Land Sales (1+ Acres) (Mar 2025 – Jan 2026)
| Metric | Value |
|---|---|
| Median Price/Acre | $17,007 |
| Recent Sales | 24 transactions |
| Avg Days on Market | 204 days |
| Avg Parcel Size | 20.36 acres |
| Active Listings | 0 properties |
Recent Rural Land Sales
| Date | Acres | Price | $/Acre | Address | City |
|---|---|---|---|---|---|
| Jan 2026 | 6.10 | $105,000 | $17,213 | 5442 W 400 N | Fairland |
| Nov 2025 | 15.36 | $210,000 | $13,672 | 8396 S 250 E | Flat Rock |
| Oct 2025 | 1.16 | $38,600 | $33,276 | 1479 E Cedar Thorn Dr | Shelbyville |
| Sep 2025 | 83.65 | $1,319,310 | $15,772 | 4615 W 1100 N | New Palestine |
| Sep 2025 | 50.21 | $791,902 | $15,772 | 1100 North | Fountaintown |
| Sep 2025 | 3.00 | $75,000 | $25,000 | 7000 E 300 S | Waldron |
| Sep 2025 | 25.01 | $394,768 | $15,784 | 1050 West St N | Fountaintown |
| Sep 2025 | 29.17 | $460,063 | $15,772 | 1100 N West St W | New Palestine |
| Sep 2025 | 31.82 | $501,858 | $15,772 | 1050 North | Fountaintown |
| Sep 2025 | 5.72 | $143,000 | $25,000 | 3900 E Short Blue Rd | Shelbyville |
| Date | Acres | Price | $/Acre | Address | City |
|---|---|---|---|---|---|
| Sep 2025 | 5.69 | $145,000 | $25,483 | 7245 S North St #9 | Shelbyville |
| Sep 2025 | 2.38 | $350,000 | $147,059 | 0 Progress Pkwy | Shelbyville |
| Aug 2025 | 49.98 | $850,000 | $17,007 | 0 N Frontage Rd | Fairland |
| Aug 2025 | 2.33 | $110,000 | $47,210 | 5105 N 50 E | Shelbyville |
| Aug 2025 | 5.51 | $64,000 | $11,615 | 100 North | Shelbyville |
| Jul 2025 | 23.92 | $195,000 | $8,152 | (undisclosed Address) | Shelbyville |
| Jul 2025 | 4.00 | $92,000 | $23,000 | 7512 W 800 N | Fairland |
| Jul 2025 | 40.95 | $918,000 | $22,418 | 1276 E Morris Ave | Shelbyville |
| Jul 2025 | 10.00 | $150,000 | $15,000 | 4141 E 400 N | Shelbyville |
| Jun 2025 | 3.21 | $75,000 | $23,364 | 11686 S 825 W | Edinburgh |
| Jun 2025 | 21.39 | $310,213 | $14,503 | 3300 E 600 N | Shelbyville |
| Jun 2025 | 7.10 | $110,000 | $15,493 | 775 East | Morristown |
| Apr 2025 | 56.90 | $792,850 | $13,934 | 6092 S 425 W | Shelbyville |
| Mar 2025 | 4.00 | $135,000 | $33,750 | 0 W 800 S | Shelbyville |
Suburban/Urban Land Sales (Under 1 Acre) (Sep 2025 – Nov 2025)
| Metric | Value |
|---|---|
| Median Lot Price | $50,000 |
| Recent Sales | 3 transactions |
| Avg Days on Market | 149 days |
| Avg Parcel Size | 0.50 acres |
| Active Listings | 0 properties |
Recent Suburban/Urban Land Sales
| Date | Acres | Price | Address | City |
|---|---|---|---|---|
| Nov 2025 | 0.26 | $56,500 | LOT 25 Saint Andrews Ave | Edinburgh |
| Oct 2025 | 0.41 | $49,900 | 5654 N Vinton Hills Dr | Fairland |
| Sep 2025 | 0.83 | $50,000 | 0 Parkway Dr | Shelbyville |
County Profile
| Demographic | Value |
|---|---|
| Total Population (2023) | 45,104 |
| Population (2020) | 45,055 |
| Population Growth | 0.11% |
| Median Household Income | $71,301 |
| Median Home Value | $188,300 |
| Total Housing Units | 19,576 |
| Vacant Housing Units | 1,431 |
| Housing Vacancy Rate | 7.3% |
| Median Age | 41.2 |
| Bachelor's Degree or Higher | 4,241 (9.4%) |
| Unemployment Rate | 4.6% |
Market Overview
Shelby County, Indiana has a population of 45,104, which has grown 0.11% since 2020. The median household income is $71,301, below the national median of $74,580 by 4.4%. The housing vacancy rate of 7.3% suggests balanced market conditions. As part of Indiana, Shelby County benefits from the state's growing interest in vacant land investment. Recent rural land sales show a median price of $17,956 per acre, with properties averaging 21.90 acres. There are currently 17 active land listings in the county.
Related Resources
Nearby County Reports
Frequently Asked Questions
What is the current population of Shelby County, Indiana?
As of the 2023 American Community Survey, Shelby County has a population of 45,104. The county has grown 0.11% since the 2020 Census, indicating a growing community.
What is the median household income in Shelby County?
The median household income in Shelby County is $71,301, which is 4.4% below the national median of $74,580.
Is Shelby County growing or shrinking?
Shelby County is growing. The population has increased 0.11% since 2020.
What is the housing market like in Shelby County?
The median home value in Shelby County is $188,300. The housing vacancy rate is 7.3%, which suggests balanced market conditions. The unemployment rate is 4.6%, reflecting the local economic conditions. Recent rural land sales (1+ acres) show a median price of $17,956 per acre. Suburban/urban lots under 1 acre have a median lot price of $31,800.
Does Reelvest buy land in Shelby County, Indiana?
Yes! Reelvest Properties buys vacant land throughout Indiana, including Shelby County. We make cash offers within 24-48 hours, close in 14-30 days, and pay all closing costs. Get your free cash offer today.
Data Sources: Market data reflects recent vacant land transactions in the county. Demographic data from U.S. Census Bureau American Community Survey (2023), Bureau of Labor Statistics (2025). Updated monthly.