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ZipNumbers

Indiana · Census place 48816

Michigantown town, IN

Quick answer

Michigantown town has 470 residents, ranking #524 of 976 places in Indiana. Median household income is $73,214, the median home is worth $125,000 and median gross rent runs $963 a month.

Population
470Michigantown town residents
Median household income
$73,214Past 12 months, inflation adjusted
Median home value
$125,000Owner-occupied units
Median gross rent
$963Rent plus utilities, monthly
Median age
30 yrsAll residents
Homeownership rate
67.8%Owner-occupied households

What the numbers mean in Michigantown town

Housing cost measured against local earnings.

A household earning the Michigantown town median would spend about 15.8% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 1.7× the median household income; nationally that ratio sits near 4.5×. Poverty affects 14.7% of residents and 67.8% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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