Market Overview
Home Prices in Shoals, IN
The median home value in Shoals, IN is $188,479 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.8% compared to a year ago and up 5.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Shoals are priced54% below average.
Over the past five years, Shoals home values have risen by approximately43.1%, reflecting strong long-term appreciation in this market.
Price History
Shoals Home Price Trend
2020
$104,691
$105K
—
2021
$131,695
$132K
+25.8%
2022
$151,526
$152K
+15.1%
2023
$159,770
$160K
+5.4%
2024
$171,390
$171K
+7.3%
2025
$181,553
$182K
+5.9%
2026
$188,479
$188K
+3.8%
City Comparison
Shoals vs. National Median
🏠 Shoals
$188,479
National Median
$410,000
At $188,479, homes in Shoals cost 54% below the national median of $410,000. This makes Shoals a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Shoals?
20% Down Payment
$37,696
on $188,479
Monthly P&I
$983/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,248/mo
incl. taxes & insurance
Income Needed
$49,920
gross annual (30% rule)
10% Down Option
$18,848
+ PMI applies
Loan Amount (20% dn)
$150,783
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Shoals, IN?
The median home value in Shoals is $188,479 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.8% year-over-year.
How much have home prices changed in Shoals?
Over the past year, home values in Shoals have increased by 3.8%. Over five years, prices have risen approximately 43.1%.
How much do I need to earn to buy a home in Shoals?
To comfortably afford the median home price of $188,479 with a 20% down payment ($37,696) at today's rates (6.8%), you'd need a gross annual income of approximately $49,920. This assumes keeping total housing costs at or below 30% of gross income.
How does Shoals compare to the national average home price?
The national median home value is approximately $410,000. At $188,479, homes in Shoals are 54% below the national average.