Morgantown, IN—46160
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Morgantown, IN
As of Oct '25, the median home price in Morgantown, IN is $333,000, with a year-over-year change of 4.0%. This indicates that home prices in Morgantown, IN are increasing. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $333,000 | 4.0% |
| Single Family | $332,000 | 4.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $235,000 | 4.0% |
2 Bed | $275,000 | 5.0% |
3 Bed | $355,000 | 4.4% |
4 Bed | $473,000 | 4.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Morgantown, IN
As of July '25, Rentcast reports the average rent in Morgantown, IN is $1,730, with a year-over-year rent change of 82.1%. Per bedroom, the median rent as of July '25 in Morgantown, IN is 1-bedrooms: $850, 3-bedrooms: $1,550, 4-bedrooms: $2,800. The most common rental property sizes in Morgantown, IN are 2-bedroom and 3-bedroom, accounting for 66.4% and 13.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,550 | $1,730 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $850 | $850 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,550 | $1,550 |
| 4 Bed Rent | $2,800 | $2,800 |
% of Rental Stock
Property Listings — Morgantown, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Morgantown, IN is 72. This is a increase of 39.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $500,000 | 1.0% |
Listing Count | 29 | 42.0% |
| Listings as % of Homes | 0.5% | 42.0% |
Days on Market | 72 | 39.0% |
Demographics — Morgantown, IN
As of the latest ACS Survey released in 2023, Morgantown, IN has a population of 6,420, which has decreased by -1.8% over the past 5 years. Morgantown, 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 16.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,420 | -1.8% |
% Under 18 | 20.3% | 5.7% |
% Seniors | 19.2% | -7.7% |
% WFH | 13.4% | 415.4% |
% w/ College Degree | 16.8% | -4.0% |
As of the latest ACS Survey released in 2023, Morgantown, IN is a predominantly white area, with 92.5% of the population identifying as white. The white population has shrunk by 2.8% in the last 5 years. The second most common race or ethnicity in Morgantown, IN is hispanic, making up 3.7% of the population. Foreign-born residents account for 2.4% of the population in Morgantown, IN, and this percentage has increased by 14.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 92.5% | -2.8% |
% Black | 0.0% | -100.0% |
% Hispanic | 3.7% | 76.2% |
% Asian | 0.4% | -63.6% |
% Foreign Born | 2.4% | 14.3% |
Mortgage and Risk — Morgantown, IN
According to HUD data as of 2023, there were 184 mortgage originations in Morgantown, IN, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Morgantown, IN. Investor activity is low, as 1.0% of loans were by investors. 20.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 184 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 1.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 20.0% |
Loan Activity
Rentals and Section 8 — Morgantown, IN
Morgantown, IN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 11 |
Total Units Section 8 | 11 |
% Rentals under Section 8 | 2.8% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $190 | $850 | $1,040 |
| 2 Bedroom | N/A | N/A | $1,220 |
| 3 Bedroom | $40 | $1,550 | $1,590 |
| 4 Bedroom | -$880 | $2,800 | $1,920 |
Affordability — Morgantown, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $333,000 |
| Median Household Income | $72,000 |