Morgan County, IN real estate

What the numbers say

Morgan County, IN real estate at a glance

By AstroCore · Realtor.com, US Census and Freddie Mac data

In September 2026, the median home in Morgan County listed for $329,975, down 5.5% from a year earlier. That is 10% above the Indiana median of $299,000.

Homes spent a median of 50 days on the market, faster than 53 days a year ago. That makes Morgan County the #14 fastest-selling of 30 Indiana counties we track.

Homeowners in Morgan County pay a median of $1,174 a year in property taxes on a median home value of $237,600, an effective rate of about 0.49%. The Indiana average is 0.74%, which makes Morgan County the #8 lowest-tax of 92 counties in the state with published tax data.

Renters pay a median of $1,042 a month, and $983 for a two-bedroom. At today's prices a typical home costs about 26 times a year's rent, which generally favors renting over buying in the short term.

With 20% down and today's 7.24% average 30-year rate, the monthly payment on a $330,000 home here comes to about $2,072 including property tax and insurance. Lenders typically want that to be under 28% of income, which works out to roughly $89,000 a year (the median household here earns $79,429).