Fairland, Indiana.
Typical home $272,681 (+1.8% in a year). Indianapolis-Carmel-Anderson, IN metro.
to buy the typical home at today's mortgage rate — +$813 (+132%) since Jan 2020.
- 1 year
- Up $4,842 +2%
- $267,839$272,681 since Sep 2025
- 5 years
- Up $60,920 +29%
- $211,761$272,681 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Fairland$1,431
- Indiana$1,350
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 14 years.
Typical home values in Fairland, IN rose 1.8% over the past year — faster than the nation's +1.2%.
Living in Fairland, Shelby County, Indiana
Fairland is a town of 542 people in Shelby County. 89% of its homes are lived in by their owners and 11% are rented. Unemployment in Shelby County was 3.2% in August 2026, and the county had 0.1% more jobs in 2025 than the year before. The most people in Shelby County work in manufacturing, then schools and health care.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Fairland is a very small town in Shelby County, Indiana, and most homes here are lived in by their owners. Household incomes across Shelby County run a little above what many places see, and a typical home here is worth a good deal more than a modest starter house. Fewer adults hold a four-year degree than in many towns, and winters are cold, summers warm, with a fair amount of rain and melted snow through the year.
Work. Residents work mainly in manufacturing, in schools, hospitals and social care, in restaurants, hotels and entertainment, and in professional and business services. Across Shelby County, some of the largest workplaces are Major Hospital, Ryobi Die Casting USA and Shelbyville Central Schools. The typical commute is a fairly long one, and some residents work from home.
Things to do. Brandywine Creek, a river, is a short drive away. Indianapolis is a longer drive, and it holds well-known places such as the Indianapolis Motor Speedway, a race track, the Children's Museum of Indianapolis, and the Indianapolis Zoo.
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- 15%of adults have a degree
- 31 mintypical commute
- 11%work from home
What people in Shelby County work in
Employed residents by industry, from the Census survey. Shelby County had 18,930 jobs in 2025, 0.1% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 37° and lows near 22°; warmest in July, with highs near 86° and lows near 65°. About 43 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Shelbyville Municipal Airport weather station, 3 miles away (NOAA).
Largest workplaces in Shelby County
- Horseshoe Indianapolis901
- Ryobi Die Casting USAAluminum die-casting foundries900
- Major HospitalGeneral hospital736FTE
- Shelbyville Central SchoolsSchool district451FTE
- Pilkington North AmericaGlass, automotive, made from purchased glass408
- Knauf Insulation Plant 1Manufacturer of wool fiberglass insulation404
- WalmartWarehouse clubs and supercenters368
- Freudenberg-NOK General PartnershipGasket, packing, and sealing devices manufacturing312
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 60 workplaces with 20 or more staff, 9,243 people in all across the county; Fairland has two of its own. Hospitals come from their Medicare cost reports (CMS, 2023) and school districts from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- TornadoesVery high
- DroughtRelatively moderate
- HailRelatively moderate
- Strong windRelatively moderate
- Winter weatherRelatively moderate
- Ice stormsRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Fairland’s census tracts, against the rest of the country; all of them together, relatively moderate. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Shelby County and the Indianapolis-Carmel-Anderson, IN metro.
Fairland home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Fairland$272,681
- Indiana$257,165
- United States$366,157
Sellers are cutting prices on about 1 in 3 Fairland listings — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Fairland39.45%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Fairland20
New listings per month
Sellers arriving at the market.
- Fairland7
Zip codes with a Fairland address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Fairland — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.