Morristown, IN—46161
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Morristown, IN
As of Oct '25, the median home price in Morristown, IN is $260,000, with a year-over-year change of 5.7%. This indicates that home prices in Morristown, IN are increasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $260,000 | 5.7% |
| Single Family | $260,000 | 5.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $163,000 | 4.5% |
3 Bed | $267,000 | 6.0% |
4 Bed | $324,000 | 5.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Morristown, IN
Morristown, IN lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,200 | $2,200 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $2,200 | $2,200 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Morristown, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Morristown, IN is 23. This is a decrease of -35.0% 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 44.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $282,000 | -29.0% |
Listing Count | 9 | -5.0% |
| Listings as % of Homes | 0.6% | -5.0% |
Days on Market | 23 | -35.0% |
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.
| Metric | Latest Census | YoY % 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% |
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
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 97.8% | 2.6% |
% Black | 0.3% | -81.2% |
% Hispanic | 0.6% | ∞% |
% Asian | 0.8% | ∞% |
% Foreign Born | 1.0% | ∞% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,040 |
| 2 Bedroom | N/A | N/A | $1,220 |
| 3 Bedroom | -$610 | $2,200 | $1,590 |
| 4 Bedroom | N/A | N/A | $1,920 |
Affordability — Morristown, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $260,000 |
| Median Household Income | $70,300 |