Shoals, Indiana.
Typical home $178,574 (+1.7% in a year).
to buy the typical home at today's mortgage rate — +$593 (+173%) since Jan 2020.
- 1 year
- Up $2,963 +2%
- $175,611$178,574 since Sep 2025
- 5 years
- Up $50,396 +39%
- $128,178$178,574 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.
- Shoals$937
- Indiana$1,350
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 10 years.
Typical home values in Shoals, IN rose 1.7% over the past year — faster than the nation's +1.2%.
Living in Shoals, Martin County, Indiana
Shoals is a town of 677 people in Martin County. Unemployment in Martin County was 2.9% in August 2026, and the county had 0.6% fewer jobs in 2025 than the year before. The most people in Martin 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 It can be wrong or out of date.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. Shoals is a very small town and the seat of Martin County in southern Indiana. Homes here cost less than in much of the country, and the town has a quiet, close-knit feel. Winters are cold, with some snow, and summers turn hot. Rain and melted snow add up to a good deal over the year.
Work. Most residents work in manufacturing, schools and hospitals, government, or the building trades. Across Martin County, some of the largest workplaces are USG, which makes wallboard and runs a mine, Gold Bond Building Products in Shoals, and Shoals Community School. Few people work from home, and a typical commute is fairly short. Joblessness in the county has stayed low, though the county has slightly fewer jobs than a year ago.
Things to do. Martin State Forest is a protected area a short drive away, and Lost River, also a short drive off, is a river with a long local history. For a longer outing, Hoosier National Forest is a large protected area to explore, and Spring Mill State Park is another protected area a longer drive away. Bluespring Caverns, a tourist attraction, is also a longer drive.
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- 270households
- 9%of adults have a degree
- 21 mintypical commute
- 3%work from home
What people in Martin County work in
Employed residents by industry, from the Census survey. Martin County had 8,141 jobs in 2025, 0.6% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 41° and lows near 23°; warmest in July, with highs near 88° and lows near 66°. About 14 inches of snow and 50 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Shoals South weather station, 8 miles away (NOAA).
Largest workplaces in Martin County
- USGWall board and mine269
- Loogootee Community Sch Corp SchoolsSchool district115FTE
- Amentum Services102
- Gold Bond Building Products- ShoalsGypsum building products manufacturing75
- Loughmiller Machine, Tool & DesignMachine shops75
- Shoals Community School CorpSchool district67FTE
- Gypsum ExpressTerminal, full service shop36
- P&S Transportation ShoalsFlatbed trucking, long-distance29
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 9 workplaces with 20 or more staff, 660 people in all across the county; Shoals has one of its own. School districts come 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
- Strong windVery high
- Inland floodingRelatively high
- Winter weatherRelatively high
- TornadoesRelatively high
- DroughtRelatively 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 Shoals’ 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 Martin County.
Shoals home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Shoals$178,574
- 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.
- Shoals12
New listings per month
Sellers arriving at the market.
Not enough data to draw this yet.
Zip codes with a Shoals address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Shoals — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.