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Morgan County Housing Market

Indiana · 92 counties · Ranked #2125 in home value

Below National AvgAffordable

Housing at a Glance

Median Home Value

$220,100

vs national$220,100 vs $281,900 national

Median Gross Rent

$988/mo

vs national$988 vs $1,163 national

Effective Tax Rate

0.48%

vs national0.48% vs 1.02% national

Median Household Income

$79,088

vs national+$79,088 vs $74,755 national

Affordability Ratio

2.8x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

29.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$1,056

Tax as % of Home Value

0.48%

Monthly Owner Cost

$1,097

Renter Income

$39,674

Frequently Asked Questions

What is the median home value in Morgan County?
The median home value in Morgan County is $220,100. This is below the national median of $281,900.
How much is rent in Morgan County?
The median gross rent in Morgan County is $988 per month.
What is the property tax rate in Morgan County?
The effective property tax rate in Morgan County is 0.48%. The median annual property tax bill is $1,056.
Is Morgan County affordable?
With a home-value-to-income ratio of 2.8x, Morgan County is considered affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.