The story of this market
The typical home in ZIP 46160 sells for about $209,400, or $115 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 62 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $915 a month.
ZIP 46160 — Morgantown
The housing market in 46160 remains stable with modest year-over-year price growth and low inventory levels. Demand is driven by buyers seeking rural affordability within commuting distance of the Indianapolis metro area, resulting in a balanced market environment.
This ZIP is best suited for families and individuals seeking a quiet, rural lifestyle with lower housing costs, while remaining within driving distance of larger employment centers.
Median prices moved up 2.1% year over year.
Homes spend a median of 62 days on market with 3.4 months of supply — a fast-moving market.
13% of listings have cut prices · homes sell at 98.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.3% · poverty 9.0% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 46160, Morgan County IN
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in the Morgantown area are generally low and consistent with rural Indiana trends, though specific localized data is limited.
Schools serving the area are primarily part of regional rural districts, with performance metrics generally aligning with state averages for rural Indiana.
The area faces standard Midwestern climate risks, including seasonal severe thunderstorms and occasional wind events; flood risk is localized to specific low-lying areas near regional creeks.
Economic momentum is driven by proximity to the Indianapolis metro area, with local employment centered on agriculture, small-scale manufacturing, and regional services.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Indiana) — Ad Valorem Property Assessment: Property is assessed at 100% of true tax value, determined by market-based assessment systems and annual adjustments. State (Indiana) — Standard Homestead Deduction: Removes the first $45,000 of the homestead's assessed value from taxation. State (Indiana) — Indiana Property Tax Caps (Circuit Breaker): Limits annual property tax liability to 1% of gross assessed value for principal residences, 2% for other residential property, and 3% for non-residential property.
Commuting primarily involves personal vehicle travel via state highways toward employment hubs in the Indianapolis metropolitan area.
The area offers access to rural outdoor recreation, including local parks and proximity to regional forest lands and trails suitable for hiking and nature observation.
The rental market is limited in depth, primarily consisting of single-family homes with low turnover and stable, modest rent growth.
The local economy is anchored by small businesses, agricultural operations, and a workforce that largely commutes to the broader Indianapolis metro area.
Transportation is heavily reliant on private vehicle use, with access to regional highway networks connecting to larger urban centers.
Development is primarily focused on small-scale residential infill and maintenance of existing rural infrastructure.
The county appraisal district manages assessments based on annual market value updates and state-mandated property tax caps.
Parcels are subject to local school district levies and county-wide service districts for emergency and administrative functions.
Property insurance premiums are generally stable, reflecting the area's low-to-moderate risk profile for natural disasters.
Data retrieved from US Census Bureau ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Local community park providing green space and recreational facilities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.