Morgan County, Indiana home prices
Typical home $299,883 · +1.8% in a year · property tax 0.49%
The typical home in Morgan County is worth $299,883, 17% more than the Indiana typical home ($257,165). Values changed +1.8% in the past year and +26.4% over five years. Homeowners here pay a median 0.49% of their home's value in property tax each year ($1,482 on the typical home), versus 0.74% statewide.
Mortgage on the typical Morgan County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $59,977 | $239,906 | $1,614 | $0 | $273 | $1,887 | $80,900 |
| 10% down | $29,988 | $269,894 | $1,816 | $112 | $273 | $2,201 | $94,300 |
| 5% down | $14,994 | $284,889 | $1,916 | $119 | $273 | $2,309 | $98,900 |
| 3.5% down (FHA) | $10,496 | $294,451 | $1,981 | $133 | $273 | $2,387 | $102,300 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.49% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in Indiana · part of the Indianapolis metro area.
Indiana counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Jasper County | $300,557 | +3.3% | 0.46% |
| Tippecanoe County | $296,588 | +2.4% | 0.62% |
| Kosciusko County | $293,218 | +6.8% | 0.6% |
| Franklin County | $292,357 | +4.3% | 0.59% |
| Warrick County | $291,696 | +4.1% | 0.67% |
| Monroe County | $309,871 | +1.2% | 0.71% |
| Johnson County | $312,876 | +1.5% | 0.71% |
| Floyd County | $285,954 | +2.7% | 0.69% |
| Whitley County | $284,103 | +4.8% | 0.7% |
| Ohio County | $282,157 | +3.4% | 0.61% |
Frequently asked questions
What is the average home price in Morgan County, IN?
The typical home value in Morgan County is $299,883 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Morgan County?
About $80,900 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Morgan County?
The median effective rate is 0.49% of home value a year (Census ACS 2024 5-year estimates).