46377, Shelby, IN

The 46377 zip code of Shelby, IN has a median home value of $101,000. This is lower than the Indiana median home value of $130,000. The Shelby area also has a lower than average population density with only 1,868 people per square mile. This may be contributing to the lower home values in this zip code.

There are several factors that could be contributing to the low home values in the 46377 zip code of Shelby, IN. One factor could be that there are fewer homes for sale in this area which may be limiting potential buyers’ options. Another factor could be that there are fewer people living in this zip code which could lead to less demand for homes and higher prices. Finally, it is possible that the homes in this zip code are not as well maintained or upgraded as those in other areas which would lead to lower prices.