Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$299,883+1.8% YoY · prices are rising
Market right nowBalanced marketFewer homes for sale than last year, 31% have cut their price
Income needed to buy, per year$65,008About 0.8× the local median income ($79,686): affordable for a typical household
Days on market46 daysFaster than a year ago: sellers have the edge
Next 12 months+1.9%Zillow expects prices to rise slightly
The typical home in Morgan County, IN is worth $299,883, up 1.8% from a year ago. That is well above what local incomes have historically supported: fair value is about $246,558, so the area is 21.6% overvalued. It is a balanced market: homes take about 46 days to sell, listings are down 2% from a year ago, 31% of listings have had a price cut. Zillow expects prices to rise about 1.9% over the next year. A household needs about $65,008 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $79,686. Typical rent is $1,575 a month, or $1,959 for a house. In the latest IRS figures, 811 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$299,883
Change in 1 year
+1.8%
Overvalued %
+21.6%
Show 7 more
Fair home value
$246,558
Change in 5 years
+26.4%
Zillow forecast, next 12 months
+1.9%
Home value to income
3.8×
Monthly mortgage payment (20% down)
$1,625
Income needed to afford it
$65,008
Property tax rate
0.49%
Rent and investing
Typical rent
$1,575
Typical rent for houses
$1,959
Price-to-rent ratio
15.9×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,536
Gross rental yield
6.30%
Cap rate (estimate)
4.10%
Market activity
Listings vs a year ago
−1.9%
Days on market
46
Listings with a price cut
31.0%
Show 3 more
Homes for sale
206
Pending sales per 100 listings
40
Asking price per sq ft
$177
People and jobs
Median household income
$79,686
Population change (1 year)
+1.2%
Unemployment rate
4.2%
Show 4 more
Population
74,967
Income adjusted for cost of living
$83,266
Net moves in (IRS)
+811
Cost of living (US = 100)
95.7
Schools, risk and environment
School rating (1 to 10)
5.7
FEMA hazard risk score (0 to 100)
63.5
Unhealthy air days a year
0
Show 4 more
Flood risk score
70.9
Wildfire risk score
23.1
Walkability (1 to 20)
5.8
Road, rail and air noise
53 dB
Questions people ask
Is Morgan County, IN overvalued?
Home prices in Morgan County, IN are well above what local incomes have historically supported: fair value is about $246,558, so the area is 21.6% overvalued.
Is Morgan County, IN a buyer's or seller's market?
Morgan County, IN is a balanced market: homes take about 46 days to sell, listings are down 2% from a year ago, 31% of listings have had a price cut.
Are home prices going down in Morgan County, IN?
Home values in Morgan County, IN are up 1.8% over the last year. Zillow's forecast for the next 12 months is +1.9%.
How much do you need to earn to buy a home in Morgan County, IN?
A household needs about $65,008 a year to afford the typical home in Morgan County, IN at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $79,686.