HomeIndianaMartin CountyShoals town
Shoals town, Indiana: commercial real estate data.
Shoals town 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.
66 sourced place values · tier FULL · 7 sections · 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$202,500
- Ninetieth percentile approval$202,500
- Largest approval$202,500
- Jobs supported12
- Jobs per approval6.0
- Loans with a final outcome0
- Paid in full0
- Charged off0
- Median term180 months
- Share on real estate terms of 20 years or more0.0 percent
- Share to franchises0.0 percent
- Distinct lenders1
- Distinct industries by NAICS1
A charge-off rate is not published here. only 0 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Martin County, not Shoals
Martin County context, not Shoals figures
These are Martin County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Shoals measurements.
- Establishments in Martin County230
- Employment at those establishments, Martin County2,220
- Covered employment, Martin County8,189
- Average annual pay, Martin County$84,342
- Average weekly wage, Martin County$1,622
- Housing units permitted, Martin County10
- Of those, single family, Martin County4
- County product, 2024, Martin County$1,635,359,000
- County product change over the prior year, Martin County10.1 percent
- Average income of an arriving household, Martin County$49,034
Every figure in this section is published for Martin County as a whole and is not a measurement of Shoals. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
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. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
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 totalling $280,000, across 1 lenders, median approval $202,500. 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 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Are the county figures on this page Shoals figures?
No, and they are labelled 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?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
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