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Shoals, IN
Full City Profile · Indiana · Martin County County
2.9
/5.0
C+
Fair
700
Population
385/sq mi density
$43,304
Median Income
$28,793 per capita
$114,300
Home Value
$175,760 Zillow
$500
Median Rent
29.0% income on rent
56°F
Avg Temperature
290 sunny days/yr
234
Violent Crime/100K
943 property/100K
C+
Overall
2.9 / 5.0
Fair overall score based on economy, affordability, safety and education
B
Economy
3.4 / 5.0
$43,304 median income, 0.0% unemployment
A+
Affordability
5.0 / 5.0
$114,300 home value, $500/mo rent
F
Safety
1.0 / 5.0
234 violent crimes/100K
C
Education
2.0 / 5.0
12.8% bachelor's degree or higher
Housing Overview
Median Home Value
$114,300
59% below
US avg: $281,900
Median Rent
$500/mo
57% below
US avg: $1,163/mo
Homeownership Rate
62.3%
5% below US avg (65.4%)
Total Housing Units
369
Median year built: 1965
Home Value by Source
Census Median
$114,300
Zillow (ZHVI)
$175,760
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
62.3%
Owner-Occupied
37.7%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$816/mo
1 Bedroom
$882/mo
2 Bedroom
$1,096/mo
3 Bedroom
$1,391/mo
4 Bedroom
$1,590/mo
Census median rent:
$500/mo
Affordability & Housing Stock
Rent Burden
29.0%
of renters spending 30%+ of income on housing
6% below US avg (31.0%)
Median Year Built
1965
Average age of housing stock: 61 years
Homeownership Rate
62.3%
Complete Housing Data
Home Values
| Census Median Value | $114,300 |
| Zillow Home Value (ZHVI) | $175,760 |
Rent
| Census Median Rent | $500 |
| FMR Studio | $816 |
| FMR 1-Bedroom | $882 |
| FMR 2-Bedroom | $1,096 |
| FMR 3-Bedroom | $1,391 |
| FMR 4-Bedroom | $1,590 |
Market
Ownership & Stock
| Owner-Occupied | 62.3% |
| Renter-Occupied | 37.7% |
| Homeownership Rate | 62.3% |
| Total Housing Units | 369 |
| Median Year Built | 1965 |
| Rent Burden | 29.0% |