Shelbyville, IN

Shelbyville is a small town located in the heart of Indiana. The population is just over 10,000 people and it has a very small downtown area. The town was founded in 1836 and it became an incorporated city in 1868. Shelbyville is known for its coal mining history and it still has a large coal mine located just outside of the city limits.

The real estate market in Shelbyville is very competitive due to the fact that there are not many homes available for sale. The average home price in Shelbyville is $130,000 which is much higher than the average home price in Indiana overall. There are a few reasons why the housing market in Shelbyville is so competitive: 1) there are not many homes available for sale; 2) the homes that are available for sale are typically older homes; and 3) the homes that are available for sale typically do not have any major defects or problems.

One thing that makes living in Shelbyville unique compared to other cities is that it has a lot of open space. There are no major highways or roads close by which can impact home prices, so property values tend to be more stable than they would be if there were more traffic congestion and development nearby. Additionally, because there are so few houses on the market, buyers have more control over what they can afford when they purchase a home, which also contributes to stability in the housing market.