The typical owner-occupied home in Shirley is worth about $113,100, 48% below the Indiana median of $218,200 and 66% below the national median of $332,700. Owners pay a median $938 a year in property taxes, about 0.83% of their home's value, higher than the Indiana rate of 0.74%. The median household earns $67,083 a year, so the median home costs 1.7 times the median income (3.0 times for Indiana). 84% of occupied homes here are lived in by their owners, and 66% of those owners still have a mortgage.
Shirley at a glance
| Shirley | Indiana | U.S. | |
|---|---|---|---|
| Median home value | $113,100 | $218,200 | $332,700 |
| Median property tax paid per year | $938 | $1,614 | $3,119 |
| Property tax as a share of value | 0.83% | 0.74% | 0.94% |
| Median household income | $67,083 | $71,957 | $80,734 |
| Homes lived in by their owners | 84% | 71% | 65% |
| Owner homes with a mortgage | 66% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $1,114 | $1,404 | $1,963 |
| Those costs as a share of the owners' income | 15.6% | 18.1% | 21.0% |
| Median rent | $615 | $1,062 | $1,413 |
| Rent as a share of renters' income | 27.2% | 29.1% | 30.6% |
| Median year homes were built | 1956 | 1976 | 1980 |
| Vacant homes | 6.6% | 8.8% | 10.1% |
| Population | 1,022 | 6,851,073 | 334,922,499 |
What a typical home costs per month in Shirley
At this week's average 30-year rate of 7.11%, buying the median Shirley home of $113,100 with 20% down costs about $734 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $922, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $31,458 for the 20%-down payment. That payment is 13% of the median Shirley household income of $67,083; at that income and 20% down, the 28% guideline points to a home of about $241,000.
The median rent here is $615 a month, so owning the median home costs about $119 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $22,620 |
|---|---|
| Loan amount | $90,480 |
| Principal and interest | $609 |
| Property taxes (0.83% a year) | $78 |
| Homeowners insurance (our estimate, 0.5% a year) | $47 |
| PMI | $0 |
| Total per month | $734 |
Change the numbers in the calculator
| Down payment | $3,958 |
|---|---|
| Loan amount | $111,051 |
| Principal and interest | $747 |
| Property taxes (0.83% a year) | $78 |
| Homeowners insurance (our estimate, 0.5% a year) | $47 |
| FHA mortgage insurance | $50 |
| Total per month | $922 |
Change the numbers in the calculator
Questions about home buying in Shirley
What is the median home value in Shirley?
About $113,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Shirley?
Homeowners pay a median $938 a year, which is about 0.83% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Shirley?
For the median home with 20% down at 7.11%, the payment is about $734 a month. Keeping that under 28% of gross income takes about $31,458 a year.
More about Shirley
- Mortgage Refinance in Shirley
- Debt Relief in Shirley
- Home Equity Loans in Shirley
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data