Morristown, IN
Full City Profile · Indiana · Hancock County County
3.6
/5.0
B+
Good
996
Population
259/sq mi density
$47,850
Median Income
$26,119 per capita
$137,500
Home Value
$277,890 Zillow
$910
Median Rent
28.3% income on rent
54°F
Avg Temperature
B+
Overall
3.6 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.7 / 5.0
$47,850 median income, 1.1% unemployment
A+
Affordability
5.0 / 5.0
$137,500 home value, $910/mo rent
C
Education
2.1 / 5.0
13.6% bachelor's degree or higher
Housing Overview
Median Home Value
$137,500
51% below
US avg: $281,900
Median Rent
$910/mo
22% below
US avg: $1,163/mo
Homeownership Rate
67.2%
3% above US avg (65.4%)
Total Housing Units
455
Median year built: 1961
Home Value by Source
Census Median
$137,500
Zillow (ZHVI)
$277,890
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
67.2%
Owner-Occupied
32.8%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$816/mo
1 Bedroom
$882/mo
2 Bedroom
$1,096/mo
3 Bedroom
$1,391/mo
4 Bedroom
$1,590/mo
Census median rent:
$910/mo
Affordability & Housing Stock
Rent Burden
28.3%
of renters spending 30%+ of income on housing
9% below US avg (31.0%)
Median Year Built
1961
Average age of housing stock: 65 years
Homeownership Rate
67.2%
Complete Housing Data
Home Values
| Census Median Value | $137,500 |
| Zillow Home Value (ZHVI) | $277,890 |
Rent
| Census Median Rent | $910 |
| FMR Studio | $816 |
| FMR 1-Bedroom | $882 |
| FMR 2-Bedroom | $1,096 |
| FMR 3-Bedroom | $1,391 |
| FMR 4-Bedroom | $1,590 |
Market
Ownership & Stock
| Owner-Occupied | 67.2% |
| Renter-Occupied | 32.8% |
| Homeownership Rate | 67.2% |
| Total Housing Units | 455 |
| Median Year Built | 1961 |
| Rent Burden | 28.3% |