Flat Rock, Indiana.
Typical home $253,206 (+2.9% in a year). Indianapolis-Carmel-Anderson, IN metro.
to buy the typical home at today's mortgage rate — +$781 (+142%) since Jan 2020.
- 1 year
- Up $7,056 +3%
- $246,150$253,206 since Sep 2025
- 5 years
- Up $66,237 +35%
- $186,969$253,206 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.
- Flat Rock$1,329
- Indiana$1,350
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 11 years.
Typical home values in Flat Rock, IN rose 2.9% over the past year — faster than the nation's +1.2%.
Living in Flat Rock, Shelby County, Indiana
Flat Rock is in Shelby County. 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 Haiku 5.5 wrote this on 22 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 It can be wrong or out of date.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. Flat Rock is a community in Shelby County, Indiana, in the Midwest. Winters are cold, with January the coldest month, and summers are warm, with July the warmest. Snow is a regular part of winter, and rain or melted snow falls steadily through the year.
Work. Many residents work in manufacturing, in schools, hospitals and social care, in restaurants, hotels and entertainment, or in professional and business services. Across Shelby County, unemployment is low and was slightly lower this August than a year before, while the number of jobs changed very little over the past year.
Things to do. The Big Blue River is a river a short drive away, and the Atterbury-Bakalar Air Museum is a museum also a short drive away. For a longer outing, Brown County State Park is a protected area a longer drive away.
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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 36° and lows near 20°; warmest in July, with highs near 85° and lows near 64°. About 15 inches of snow and 44 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Shelbyville Sewage Plt weather station, 12 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; Flat Rock has none 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
- TornadoesRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms across Shelby County, against the rest of the country; all of them together, relatively low. 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.
Flat Rock home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Flat Rock$253,206
- Indiana$257,165
- United States$366,157
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
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
Not enough data to draw this yet.
Zip codes with a Flat Rock address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Flat Rock — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.