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Morristown, IN—46161

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$261,000
5.6% YoY Growth
Household Income
$70,300
6.8% YoY Growth
Days on Market
52
49.0% Shorter YoY
Home Price Forecast
2.9%
Median Rent
$2,200
N/A
1-Bed Rent
N/A
N/A
2-Bed Rent
N/A
N/A
3-Bed Rent
$2,200
N/A
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Morristown, IN

As of Dec '25, the median home price in Morristown, IN is $261,000, with a year-over-year change of 5.6%. This indicates that home prices in Morristown, IN are increasing. According to Zillow, the 1-year price projection is 2.9%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$261,0005.6%
Single Family $261,0005.7%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$163,0004.5%
    3 Bed
    		$268,0005.9%
    4 Bed
    		$324,0005.9%
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    0.3%
    1 Bedroom
    2.8%
    2 Bedrooms
    25.4%
    3 Bedrooms
    55.4%
    4 Bedrooms
    15.0%
    5+ Bedrooms
    1.1%

    Rental Trends — Morristown, IN

    Morristown, IN lacks sufficient rental market data for analysis.

    TypeMedian RentAverage Rent
    Average Rent$2,200$2,200
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent N/AN/A
    3 Bed Rent $2,200$2,200
    4 Bed Rent N/AN/A
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    % of Rental Stock

    1 Bedroom
    2.6%
    2 Bedrooms
    44.7%
    3 Bedrooms
    39.9%
    4 Bedrooms
    12.7%

    Property Listings — Morristown, IN

    As of Dec '25, Realtor.com reports that the median days on market for a home in Morristown, IN is 35. This is a decrease of -48.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 109.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$260,000-31.0%
    Listing Count
    		1135.0%
    Listings as % of Homes0.6%35.0%
    Days on Market
    		52-49.0%
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    Demographics — Morristown, IN

    As of the latest ACS Survey released in 2023, Morristown, IN has a population of 2,260, which has decreased by -23.5% over the past 5 years. Morristown, IN is a moderately popular place for families, as children make up 20.3% of the population. The area has a poorly educated workforce, with 18.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.8% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		2,260-23.5%
    % Under 18
    		20.3%-7.7%
    % Seniors
    		24.3%54.8%
    % WFH
    		14.8%543.5%
    % w/ College Degree
    		18.8%-3.1%
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    As of the latest ACS Survey released in 2023, Morristown, IN is a predominantly white area, with 97.8% of the population identifying as white. The white population has grown by 2.6% in the last 5 years. The second most common race or ethnicity in Morristown, IN is asian, making up 0.8% of the population. Foreign-born residents account for 1.0% of the population in Morristown, IN, and this percentage has increased by Inf% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		97.8%2.6%
    % Black
    		0.3%-81.2%
    % Hispanic
    		0.6%∞%
    % Asian
    		0.8%∞%
    % Foreign Born
    		1.0%∞%
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    Mortgage and Risk — Morristown, IN

    According to HUD data as of 2023, there were 63 mortgage originations in Morristown, IN, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Morristown, IN. Investor activity is low, as 2.0% of loans were by investors. 21.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		63
    % Conventional Loans
    		76.0%
    % Government Loans
    		24.0%
    % Investor Loans
    		2.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		21.0%
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    Rentals and Section 8 — Morristown, IN

    Morristown, IN lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		N/A
    Total Units Section 8
    		N/A
    % Rentals under Section 8
    		N/A
    % Occupied Section 8
    		N/A

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$1,040
    2 BedroomN/AN/A$1,220
    3 Bedroom-$610$2,200$1,590
    4 BedroomN/AN/A$1,920

    Affordability — Morristown, IN

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.2
    Median Home Price$261,000
    Median Household Income$70,300

    Morristown, IN — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    46144

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    46130

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    46115

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    46150

    Greenfield, IN

    46140

    Frequently Asked Questions