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Morgan County

Learn about the people, housing, costs and businesses in Morgan County County

Median Home$243,586
Median Rent$1,076/month
Population72,659
Leading IndustriesFinance & Insurance · Information & Media · Wholesale Trade10% finance & insurance
Home Value Growth⬆⬆+11.9% over 2 years
Young Adults26% of residents
Homeowners82% of occupied units
NotableHigh Incomes$85k/year · top 15% nationally
Morgan County
IN

Frequently Asked Questions

What are today's mortgage rates in Morgan County?

As of today, the 30-year fixed mortgage rate for Morgan County is approximately 7.073% (7.102% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Morgan County
What is the median home price in Morgan County?

The median home value in Morgan County is $244k. The median monthly rent is $1,076. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Morgan County?

Home values in Morgan County have increased 11.9% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Morgan County?

Based on a typical all-in ownership cost of $1,114/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $48k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Morgan County is $85k/year.

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What industries drive the economy in Morgan County?

The largest employment sectors in Morgan County are public administration (20%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.

🗺️ Nearby Areas

Adjacent counties and areas