Shipshewana, IN
Population 902 · Indiana
About Shipshewana, IN
Shipshewana is a small community located in Indiana with a population of 902 residents according to the latest US Census Bureau American Community Survey data. The median household income is $57,679 per year, which is 23% below the national median of $75,149. The median age of 36.2 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Shipshewana features a median home value of $255,000, which is 4% above the national median of $244,900. This positions Shipshewana in a moderately priced market relative to the rest of the country. Median monthly rent is $779, 33% below the national average of $1,163/month. Of the 378 total housing units, 66% are owner-occupied (237 units) and 34% are renter-occupied (124 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Shipshewana shows an unemployment rate of 5.9%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 11.6%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Shipshewana have an average one-way commute time of 16.6 minutes, one of the shorter commutes in the region.
Education & Demographics
10.4% of Shipshewana residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 1.4% White, 1.3% Hispanic or Latino, 0.0% Black or African American, and 2.7% Asian residents, with 1.2% of the population being foreign-born.
Cost of Living in Shipshewana, IN
Compared to national averages, Shipshewana has a median household income of $57,679 (23% below the national median of $75,149). Home values average $255,000, which is 4% above the national median. Monthly rent at $779 is 33% below the US average of $1,163. Within Indiana, Shipshewana's income is 17% below the state average of $69,330, and home values are 56% above the state median of $163,409.
Why Live in Shipshewana, IN?
Shipshewana offers rent that’s lower than the national average at $779/month, and a low poverty rate of 11.6%, better than the national average, and short commute times averaging just 16.6 minutes.
Potential considerations include median household income ($57,679) that falls below the national average. However, Shipshewana’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Shipshewana has a population of 902 with a median age of 36.2 years. Compare Shipshewana with other cities to see how it stacks up, or explore all cities in Indiana.
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Demographics
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Economy & Education
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Other Cities in Indiana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Shipshewana
What is the population of Shipshewana, IN?
The population of Shipshewana, IN is 902 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Indiana.
What is the median household income in Shipshewana?
The median household income in Shipshewana, IN is $57,679 per year, which is 23% below the national median of $75,149.
What is the median home value in Shipshewana?
The median home value in Shipshewana, IN is $255,000, which is 4% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Shipshewana?
The median monthly rent in Shipshewana, IN is $779, which is 33% below the national average of $1,163/month.
What is the unemployment rate in Shipshewana?
The unemployment rate in Shipshewana, IN is 5.9%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Shipshewana, IN a good place to live?
Shipshewana offers a moderate cost of living, a competitive housing market, and growing employment opportunities. With a population of 902 and a median age of 36.2, the city appeals to a broad range of residents.
How educated is Shipshewana, IN?
10.4% of residents in Shipshewana aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Shipshewana?
Key cost-of-living indicators for Shipshewana, IN: median home value is $255,000 (4% above national), median rent is $779/month, and median household income is $57,679. The home-value-to-income ratio is 4.4x, a moderate figure by national standards.
What is the poverty rate in Shipshewana?
The poverty rate in Shipshewana, IN is 11.6%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Shipshewana, IN?
Shipshewana's population is 1.4% White, 1.3% Hispanic or Latino, 0.0% Black or African American, 2.7% Asian, and 1.9% two or more races. 1.2% of residents are foreign-born.