Morgan County, IN

Comprehensive housing, income, and cost of living data for Morgan County, Indiana. Population: 71.8K.

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Median Home Price

$280.5K

Based on 7 cities

Median Household Income

$79.1K

Annual household income

Price-to-Income Ratio

3.5x

Moderately affordable

Salary Needed to Buy

$69.6K

30-yr mortgage, 6.5% rate, 20% down

Housing & Finance

Annual Property Tax

$1,056

Average annual amount

Effective Tax Rate

0.38%

Property tax / home value

Monthly Housing Costs

Mortgage (P&I)$1,418

Property Tax$88.00

Insurance$117

Total Monthly$1,623

Historical Home Prices

2015

$144.5K

2016

$151.9K

+5.1%%

2017

$161.1K

+6.0%%

2018

$171.6K

+6.5%%

2019

$179.8K

+4.8%%

2020

$204.0K

+13.4%%

2021

$235.5K

+15.4%%

2022

$259.2K

+10.1%%

2023

$268.8K

+3.7%%

2024

$282.8K

+5.2%%

2025

$288.8K

+2.1%%

Source: County price history data via Zillow ZHVI

Demographics & Economics

Unemployment Rate

3.5%%

Below national average

Population Density

178

People per square mile

Homicide Rate

15.9

Medium (per 100K residents)

Political Lean (2020)

Competitive

R+0

Racial Demographics

White

94.1%

Black

0.5%

Hispanic

Asian

0.6%

Two or More Races

2.4%

Source: Census ACS 2023. Hispanic/Latino ethnicity counted separately from race.

Climate & Environment

Average Temperature

53°F

Annual average

Sunny Days

209

Days per year

Annual Rainfall

44.8"

Inches per year

Natural Disaster Risk

High Risk

Score: 64/100

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