Housing data for Shoals, IN
Shoals, IN has an estimated 679 residents and 311 homes (US Census Bureau, 2020–2024 American Community Survey).
It is a town in Martin County.
38.9% of households rent.
The median gross rent is $383 a month.
Figures last updated on .
- Residents
- 679 (±211)
- Housing units
- 311 (±74)
- Households that rent
- 38.9%
- Median gross rent
- $383
- Residents since 2015–2019
- −7.1%
What stands out in Shoals
Households that rent: 38.9% (±11.2 points) in Shoals, higher than in Martin County (21.5%).
Median household income: $38,333 (±$15,957) in Shoals, lower than in Martin County ($68,594).
Homes built before 1980: 79.1% (±19.2 points) in Shoals, higher than in Martin County (49.2%).
Working from home: 2.8% (±4.5 points) in Shoals, lower than in Martin County (8.6%).
- Renters and owners in Shoals
- Income and affordability in Shoals
- Age of homes in Shoals
- Commute and cars in Shoals
Housing in Shoals at a glance
- Median rent: $383 median gross rent a month (Small sample: wide margin of error)
- Rent by bedrooms: $344 median gross rent, 2 bedrooms (Small sample: wide margin of error)
- Rent burden: 53.6% of renters pay 30% or more of income (Small sample: wide margin of error)
- Renters and owners: 38.9% of households rent
- Income and affordability: $38,333 median household income
- Home values: $151,500 median home value
- Homeowner costs: $1,143 median monthly cost with a mortgage
- Property taxes: $736 median real estate taxes a year
- Types of homes: 7.1% of homes are in buildings of 5 or more units
- Bedrooms: 51.1% of homes have 3 or more bedrooms
- Age of homes: 79.1% of homes were built before 1980
- Vacancy rate: 0.0% rental vacancy rate (Small sample: wide margin of error)
- Heating fuel: 62.6% heat with utility gas
- Commute and cars: 21.3 minutes average trip to work
- Growth: −7.1% residents since 2015–2019 (Small sample: wide margin of error)
- How long people stay: 18.9% moved in since 2020 (Small sample: wide margin of error)
- Crowding and facilities: 0.0% of homes have more than 1 person per room (Small sample: wide margin of error)
Shoals against Martin County, its state and the nation
| Shoals | Martin County | Indiana | United States | |
|---|---|---|---|---|
| Residents | 679 (±211) | 9,830 (exact) | 6,851,073 (exact) | 334,922,499 |
| Housing units | 311 (±74) | 4,583 (±25) | 2,976,568 (±617) | 143,775,355 |
| Households that rent | 38.9% (±11.2 points) | 21.5% (±4.3 points) | 29.4% (±0.3 points) | 34.8% |
| Median gross rent | $383 (±$350) | $697 (±$143) | $1,062 (±$5) | $1,413 |
| Median household income | $38,333 (±$15,957) | $68,594 (±$8,824) | $71,957 (±$352) | $80,734 |
| Median home value | $151,500 (±$23,546) | $159,400 (±$15,551) | $218,200 (±$739) | $332,700 |
| Median real estate taxes (a year) | $736 (±$192) | $865 (±$119) | $1,614 (±$9) | $3,119 |
| Built before 1980 | 79.1% (±19.2 points) | 49.2% (±5.9 points) | 55.0% (±0.3 points) | 49.7% |
| Average commute | 21.3 minutes (±5.2) | 28.5 minutes (±2.9) | 24.1 minutes (±0.1) | 26.4 minutes |
| Households with broadband | 78.5% (±10.1 points) | 85.6% (±3.1 points) | 89.9% (±0.2 points) | 91.0% |
| Median age of residents | 43.4 years (±11.1) | 42.7 years (±0.8) | 38.1 years (±0.2) | 38.9 years |
Shoals covers 1.8 square miles of land, about 372 residents per square mile (Census Bureau Gazetteer).
How Shoals has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 731 (±152) | 679 (±211) | −7.1% | Not a measurable change |
| Housing units | 417 (±77) | 311 (±74) | −25.4% | Not a measurable change |
| Median gross rent | $459 (±$112) | $383 (±$350) | −16.6% | No measurable change after inflation |
| Median home value | $76,300 (±$14,677) | $151,500 (±$23,546) | +98.6% | Up after inflation |
| Median household income | $38,125 (±$12,888) | $38,333 (±$15,957) | +0.5% | No measurable change after inflation |
| Median owner cost with a mortgage | $794 (±$198) | $1,143 (±$98) | +44.0% | No measurable change after inflation |
| Median real estate taxes | $514 (±$169) | $736 (±$192) | +43.2% | No measurable change after inflation |
| Households that rent | 31.8% (±11.3 points) | 38.9% (±11.2 points) | +7.1 percentage points | Not a measurable change |
| Rental vacancy rate | 8.6% (±10.6 points) | 0.0% (±29.2 points) | −8.6 percentage points | Not a measurable change |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Places near Shoals
| Place | Distance | Median gross rent | Median home value | Households that rent |
|---|---|---|---|---|
| Center Township (Martin County) | 1.7 mi | $506 | $117,000 | 21.5% |
| Halbert Township | 3.3 mi | $889 | $157,800 | 10.1% |
| Loogootee | 6.5 mi | $812 | $148,500 | 30.6% |
| Lost River Township | 6.9 mi | — | $151,600 | 0.0% |
| Perry Township (Martin County) | 8.3 mi | $774 | $171,500 | 25.3% |
| Rutherford Township | 8.4 mi | $562 | $230,100 | 23.2% |
| Northwest Township | 9.4 mi | — | $155,700 | 4.4% |
| Cannelburg | 11 mi | — | $222,200 | 30.0% |
Places in Indiana most like Shoals
| Place | Median gross rent | Median home value | Median household income | Households that rent |
|---|---|---|---|---|
| Odon | $498 | $141,000 | $49,342 | 29.8% |
| Spring Grove | $437 | $126,900 | $58,359 | 31.5% |
| Camden | $392 | $107,700 | $53,000 | 20.7% |
| Union City | $595 | $79,300 | $39,360 | 33.2% |
| Elnora | $625 | $101,300 | $41,786 | 28.6% |
| Wayne Township (Randolph County) | $625 | $91,900 | $45,983 | 29.3% |
Matched on rent, home value, income, the share who rent, the age of the homes, the share in apartment buildings and the commute, each measured against the spread across Indiana.
HUD Fair Market Rent for Shoals, fiscal year 2027
| Studio | 1 bedroom | 2 bedrooms | 3 bedrooms | 4 bedrooms |
|---|---|---|---|---|
| $759 | $775 | $1,014 | $1,208 | $1,536 |
HUD income limits for Shoals, fiscal year 2026
| Household size | Extremely low (30%) | Very low (50%) | Low (80%) |
|---|---|---|---|
| 1 person | $19,700 | $32,800 | $52,500 |
| 2 people | $22,500 | $37,500 | $60,000 |
| 3 people | $27,320 | $42,200 | $67,500 |
| 4 people | $33,000 | $46,850 | $74,950 |
| 5 people | $38,680 | $50,600 | $80,950 |
| 6 people | $44,360 | $54,350 | $86,950 |
| 7 people | $50,040 | $58,100 | $92,950 |
| 8 people | $55,720 | $61,850 | $98,950 |
These are the limits HUD sets for its housing programs in the Martin County, IN, where HUD’s median family income for fiscal year 2026 is $93,700.
A program can use its own limits; tax-credit and local programs often do.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Shoals
How many renters are there in Shoals?
Shoals has an estimated 105 (±38) renting households, 38.9% of its occupied homes (2020–2024 American Community Survey).
What is the median household income in Shoals?
The median household income in Shoals is $38,333 (±$15,957) a year (2020–2024 American Community Survey).
What is the average home value in Shoals, IN?
The Census Bureau publishes the median: $151,500 (±$23,546) for owner-occupied homes in Shoals (2020–2024 American Community Survey).
What is the average mortgage payment in Shoals?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Shoals, IN is $1,143 (±$98) a month, including taxes, insurance and utilities.
How much are property taxes in Shoals?
The median real estate tax paid by homeowners in Shoals, IN is $736 (±$192) a year (2020–2024 American Community Survey).
How many homes are in Shoals?
Shoals, IN has an estimated 311 (±74) housing units, occupied and vacant (2020–2024 American Community Survey).
Is Shoals growing?
In Shoals, the number of residents went from 731 in 2015–2019 to 679 in 2020–2024 (−7.1%), not a measurable change.
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — Shoals town, Indiana
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Shoals town, Indiana
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Shoals town, Indiana
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Shoals town, Indiana
- Selected Social Characteristics (DP02), 2020–2024 ACS 5-year estimates — Shoals town, Indiana
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Shoals town, Indiana
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Shoals town, Indiana
- HUD Fair Market Rents, fiscal year 2027: Martin County, IN
- HUD Income Limits, fiscal year 2026: Martin County, IN
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
- US Census Bureau, 2024 Gazetteer Files
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Shoals town, Indiana (place:69552, in state:18).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B01003_001E, B01003_001M, B25064_001E, B25064_001M from the 2019 release.
The API needs a free key.
DP05_0001E, DP05_0001M, DP04_0001E, DP04_0001M, DP04_0047PE, DP04_0047PM, DP04_0134E, DP04_0134M, DP03_0062E, DP03_0062M, DP04_0089E, DP04_0089M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .