HomeIndianaMartin CountyShoals
Shoals, Indiana: commercial real estate data.
Shoals is a Census town of 679 people across 1.82 square miles of land, in Martin County. Median household income is $38,333, 61.1 percent of occupied homes are owned, and the SBA record carries 2 7(a) approvals to borrowers here worth $280,000 since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Shoals
What Shoals is
- Census place typetown
- Land area1.82 sq mi
- Water area0.09 sq mi
- Population per square mile of land372 plus or minus 116
- County holding the largest share of its areaMartin County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Shoals
How many people live in Shoals
- Population679 plus or minus 211
- Median age43.4 plus or minus 11.1
- Population under 18125 plus or minus 76
- Share under 1818.4 percent plus or minus 9.6
- Population 65 and over162 plus or minus 48
- Share 65 and over23.9 percent plus or minus 10.2
- Households270 plus or minus 63
- Family households117 plus or minus 48
- Share of households that are families43.3 percent plus or minus 14.6
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Shoals
Income and work in Shoals
- Median household income$38,333 plus or minus $15,957
- Per capita income$23,690 plus or minus $4,776
- Civilian labor force287 plus or minus 107
- Employed285 plus or minus 107
- Unemployed2 plus or minus 4
- Unemployment rate0.7 percent plus or minus 1.4
- Adults 25 and over480 plus or minus 133
- Adults 25 and over with a high school diploma or higher88.3 percent
- Adults 25 and over with a bachelor degree or higher9.2 percent plus or minus 5.6
- Adults 25 and over with a graduate degree4.8 percent plus or minus 4.6
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Shoals
Housing in Shoals
- Housing units311 plus or minus 74
- Occupied units270 plus or minus 63
- Vacant units41 plus or minus 34
- Vacancy rate13.2 percent plus or minus 10.5
- Owner occupied165 plus or minus 50
- Renter occupied105 plus or minus 38
- Ownership rate61.1 percent
- Median owner-occupied home value$151,500
- Median gross rent, monthly$383 plus or minus $350
- Annual rent as a share of median income12.0 percent plus or minus 12.0
- Single family units193 plus or minus 56
- Share single family62.1 percent
- Units in buildings of two or more80 plus or minus 39
- Share in buildings of two or more25.7 percent plus or minus 10.8
- Mobile homes38 plus or minus 32
- Median year structure built1962
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Shoals
How Shoals gets to work
- Workers 16 and over who commute277 plus or minus 107
- Commuting under 15 minutes110 plus or minus 56
- Share commuting under 15 minutes39.7 percent plus or minus 12.9
- Commuting 30 minutes or more116 plus or minus 54
- Share commuting 30 minutes or more41.9 percent plus or minus 11.1
- Drove alone81.1 percent plus or minus 42.9
- Carpooled6.7 percent plus or minus 7.7
- Public transport0.0 percent
- Walked4.9 percent plus or minus 6.8
- Worked from home2.8 percent plus or minus 4.4
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Shoals
SBA loans in Shoals (7(a))
- Approvals2
- Gross approval$280,000
- Average approval$140,000
- Median approval$140,000
- Largest approval$202,500
- Jobs supported12
- Jobs per approval6.0
- Loans with a final outcome0
- Paid in full0
- Charged off0
- Median term132 months
- Share on real estate terms of 20 years or more0.0 percent
- Share to franchises0.0 percent
- Distinct lenders1
- Distinct industries by NAICS1
Counted by borrower city: approvals to borrowers whose address is in Shoals, in any county, FY2020 to FY2026. Only 0 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Shoals
Flood risk in Shoals
- NFIP communityTown of Shoals
- NFIP community number180166
- Participating in the NFIPNo
- Community Rating System classNone
- Currently effective map date10/02/14
The Town of Shoals does not participate in the National Flood Insurance Program as community 180166 and carries no Community Rating System class, so no CRS premium discount applies to it.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Martin County, not Shoals
Martin County context, not Shoals figures
- Establishments in Martin County230
- Covered employment, Martin County8,189
- Average annual pay, Martin County$84,342
- Housing units permitted, Martin County10
Every figure in this section is published for Martin County as a whole and is not a measurement of Shoals.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Common questions
Shoals questions, answered from the record.
How many people live in Shoals, Indiana?
679, in 270 households. Shoals town covers 1.82 square miles of land, which is 372 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Shoals in?
Martin County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Shoals?
$38,333. The median owner-occupied home is valued at $151,500. Median gross rent is $383 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Shoals businesses?
2 7(a) approvals totaling $280,000 since FY2020, across 1 lenders, median approval $140,000. These count approvals to borrowers whose address is in Shoals, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Shoals borrowers get paid back?
No rate is published for Shoals. Only 0 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is Shoals in the National Flood Insurance Program?
No, it is listed but not participating. Shoals appears in the FEMA Community Status Book as Shoals, town of, community 180166, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Shoals figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Martin County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Shoals.
Is zoning published for Shoals?
No. Nothing on this page presents parcel level zoning.
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