Land and home values in Shelby County, Indiana
Shelby County (suburban, Indianapolis-Carmel-Greenwood, IN) covers 411 square miles and 10 census tracts. Residential land is about $3.24 per sq ft at the county median, from $2.67 in its most rural tracts to $3.68 in its most valuable. The typical home is worth about $250,000 and a 2-bedroom rents for about $1,260 a month, as of October 12, 2026.
Open on the satellite mapAll of IndianaCounty values
| Land: residential | $3.24 | per sq ft |
| Land: residential | $141,222 | per acre |
| Land: quarter-acre lot | $35,305 | 10,890 sq ft |
| Land: farmland | $12,600 | per acre |
| Home: typical (median) | $250,000 | value |
| Home: entry-level | $174,000 | lower quartile |
| Home: upper-end | $333,000 | upper quartile |
| Build new | $194 | per sq ft, no land |
| Rent: 1-bedroom | $1,090 | per month |
| Rent: 2-bedroom | $1,260 | per month |
| Rent: 3-bedroom | $1,640 | per month |
| Rent: 4-bedroom | $2,010 | per month |
| Gross yield, 2-bed | 6.0% | a year |
Price tiers
| Tier | Tracts | Land $/sq ft | Typical home | Rent 2-bed |
|---|---|---|---|---|
| Mid | 6 | $3.24 | $283,000 | $1,260 |
| Entry | 4 | $3.53 | $200,000 | $1,270 |
Tiers rank neighborhoods by home value within each metro area; outside metro areas they follow how built-up the land is. They describe prices only.
Cities and towns
Highest-value places
| Place | Type | Land $/sq ft | Typical home |
|---|---|---|---|
| Pleasant View | Community | $4.71 | $423,000 |
| Blue River Estates | Subdivision | $4.28 | $234,000 |
| Marietta | Community | $3.87 | $257,000 |
| Morristown | Town | $3.77 | $184,000 |
| Boggstown | Community | $3.75 | $228,000 |
| Fountaintown | Community | $3.62 | $294,000 |
| Flat Rock | Community | $3.60 | $153,000 |
| Creekside Mobile Home Park | Subdivision | $3.60 | $319,000 |
Questions people ask
How much is land worth in Shelby County, IN?
Residential land in Shelby County, IN is about $3.24 per square foot, or $141,222 an acre, as of October 2026. A quarter-acre lot (10,890 sq ft) is about $35,305. Smaller lots sell for more per square foot and large tracts for less.
What is the typical home value in Shelby County, IN?
The typical (median) home in Shelby County, IN is worth about $250,000, with entry-level homes around $174,000 and upper-end homes around $333,000, as of October 2026.
How much is rent in Shelby County, IN?
A 2-bedroom rents for about $1,260 a month in Shelby County, IN, a 1-bedroom about $1,090 and a 3-bedroom about $1,640 (gross rent including utilities, HUD Fair Market Rent basis).
How much is farmland per acre in Shelby County, IN?
Farmland averages about $12,600 an acre in Shelby County, IN (USDA, including buildings), well below residential land.
Is this an appraisal?
No. Indicative values for screening, budgeting and negotiation, not an appraisal. For lending, a tax appeal or legal use, hire a state-licensed or certified appraiser.