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Shelbyville, Indiana is located in Shelby County and is one of the many suburbs of Indianapolis.

This historic city is known for its diverse culture in music, art, and craftsmanship as well as its rich history and antique shops. 

It is home to several museums, parks, and scenic trails including Sunset Park and Indianapolis Museum of Art. Shelbyville, Indiana

In 1834, the first railroad connected the city to Indianapolis bringing more opportunities, people, and resources into the city. Currently, industries that are within the city are automobile, metal, insulation, and plastic manufacturers. It is also an agricultural trade center for the state’s corn belt.

Today, it is ranked #29 out of 43 for the best suburbs to live in in the Indianapolis area, #64 out of 115 for suburb with the best public schools in Indiana, and #20 out of 115 for the suburb with the lowest cost of living in the state according to Niche.

Population is 19,633 with the median age being 36.2 as of 2019. When it comes to living in Shelbyville, the average rental amount is $795, and the median home value is around $102,100.

Shelbyville Indiana Rental Statistics Report


  • 46176


  • Waldron
  • Lantana Estate
  • Riley Village
  • Beech Brook
  • Knighthood Grove
  • Brent Woods
  • Rolling Ridge
  • City Center
  • Colescott St
  • S Harrison St


  • Grover Museum
  • White River State Park
  • Greenburn Reservoir State Fishing Area
  • James Whitcomb Riley House


Shelbyville schools have a student to teacher ratio of 22:1 with 4,178 students in grades PK-12. When it comes to test scores, 50% of the students are at least proficient in math and 48% of them are at least proficient in reading.

Niche gives the school system an overall grade of B with category breakdowns as follows:

  • Academics: B
  • Teachers: A-
  • Clubs and Activities: C
  • Diversity: B+
  • College Prep: B+
  • Health and Safety: B

It’s ranked #64 out of 290 for most diverse school districts in the state, #117 out of 290 for best school district in Indiana, and #129 out of 289 for schools with the best teachers in Indiana. 


According to BestPlaces, Shelbyville’s violent crime rate is ranked at 58.1 and property crime is ranked at 44.9.

This is based off of a scale of 1-100 where 1 is low crime and 100 is high crime with the US average for violent crime is 22.7 and average for property crime is 35.4.


If small towns aren’t on your list of investment opportunities, Shelbyville might change your mind!

Lower prices and costs bring more chances of increasing your cash flow and appreciation. Not to mention, the opportunities the diversity, culture, and closeness to downtown Indianapolis will bring to your properties.

The quiet, small town is continuing to expand with the growth of downtown Indianapolis bringing more people into this historic city which means more growth in the real estate market.

If you are ready to invest in Shelbyville, we would be happy to meet with you and help you with the process.

About the Author

McKenzie Zacha

McKenzie is the Marketing Technologist for T&H Realty Services. With over a year of experience in property management and over 5 years of marketing experience, she uses her knowledge and skills to help educate and advice both new and experienced investors.

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