The story of this market
The typical home in ZIP 46176 sells for about $247,900, or $151 per square foot.
Prices are up +9.8% from a year ago, so sellers still have some momentum. Homes take about 19 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $985 a month.
ZIP 46176 — Shirley
The Shelbyville housing market is experiencing a period of robust growth, evidenced by a 9.8% year-over-year increase in median home prices and a significant surge in residential building permits. While inventory remains relatively tight, the area is attracting record investment, positioning it as a high-growth market within Central Indiana. Buyers are currently active, though the market remains sensitive to broader economic affordability challenges.
This ZIP is well-suited for family buyers and workforce professionals seeking affordable housing options in a rapidly growing market with strong local investment.
Median prices moved up 9.8% year over year.
Homes spend a median of 19 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.6% · poverty 16.6% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 8.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 46176, Shelby County IN
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Shelbyville is experiencing significant residential growth, with Shelby County recording a 219% year-over-year increase in single-family permits as of July 2026, outpacing neighboring Central Indiana counties.
Shelbyville serves as a regional hub with access to major corridors, facilitating commutes toward the Indianapolis employment core.
The area features local parks and retail amenities, with ongoing development of new restaurants and service providers supporting local foot traffic.
The rental market is characterized by lean inventory with 28 listings, and rental prices have seen a year-over-year decline of -15.25%.
The local economy is bolstered by new retail and service sector growth, with housing development aiding in workforce recruitment and retention.
The area is connected via regional highway infrastructure, supporting access to the broader Central Indiana employment market.
The city is currently focused on high-growth residential development to meet regional housing demand.
Data retrieved from US Census Bureau ZCTA profiles.
Local green spaces serving the community.
Central district with growing retail and restaurant options.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.