Market Overview
Home Prices in Morgantown, IN
The median home value in Morgantown, IN is $345,844 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.6% compared to a year ago and up 4.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Morgantown are priced16% below average. Morgantown is part of the Indianapolis-Carmel-Anderson, IN metro area.
Over the past five years, Morgantown home values have risen by approximately38.1%, reflecting strong long-term appreciation in this market.
Price History
Morgantown Home Price Trend
City Comparison
Morgantown vs. National Median
At $345,844, homes in Morgantown cost 16% below the national median of $410,000. This makes Morgantown a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Morgantown?
20% Down Payment
$69,169
on $345,844
Monthly P&I
$1,804/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,291/mo
incl. taxes & insurance
Income Needed
$91,640
gross annual (30% rule)
10% Down Option
$34,584
+ PMI applies
Loan Amount (20% dn)
$276,675
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Morgantown, IN?
The median home value in Morgantown is $345,844 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.6% year-over-year.
How much have home prices changed in Morgantown?
Over the past year, home values in Morgantown have increased by 4.6%. Over five years, prices have risen approximately 38.1%.
How much do I need to earn to buy a home in Morgantown?
To comfortably afford the median home price of $345,844 with a 20% down payment ($69,169) at today's rates (6.8%), you'd need a gross annual income of approximately $91,640. This assumes keeping total housing costs at or below 30% of gross income.
How does Morgantown compare to the national average home price?
The national median home value is approximately $410,000. At $345,844, homes in Morgantown are 16% below the national average.
What metro area is Morgantown part of?
Morgantown is part of the Indianapolis-Carmel-Anderson, IN metropolitan area. Home prices and market conditions can vary across the broader metro region.