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Shelbyville city, IN

ZIP 46176 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 46176

Median Home Value
$172,400
Median Rent
$779
Affordability Snapshot
$47,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,107/mo PITI).

14%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.6x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

18.4 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 46176 in Shelbyville city, IN, a household would need roughly $47,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,107. That sits below the local median household income ($66,045), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
66.3%+1% vs US avg
x
Vacancy Rate
9.2%-11% vs US avg
x
Broadband Access
86.0%-1% vs US avg
x
4+ Bedrooms
2.8%-81% vs US avg
x
Built Pre-1939
5.2%-60% vs US avg
x
Built Post-2014
0.8%-88% vs US avg
x
Rent Burden >30%
18.0%-64% vs US avg
x
Mortgage-Free
35.0%-8% vs US avg
x
$172,400
Home Value
$779
Rent
1971
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached71.0%
  • 1-unit attached3.1%
  • 2-9 units13.2%
  • 10+ units7.2%
  • Mobile home & other5.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$172,400
Median rent$779
Owner-occupied66.3%
Vacant9.2%
Price-to-income2.6x
Est. income to buy$47,000