Indiana · Census place 51102
Morgantown town, IN
Quick answer
Morgantown town has 1,328 residents, ranking #298 of 976 places in Indiana. Median household income is $50,809, the median home is worth $129,500 and median gross rent runs $882 a month.
- Population
- 1,328Morgantown town residents
- Median household income
- $50,809Past 12 months, inflation adjusted
- Median home value
- $129,500Owner-occupied units
- Median gross rent
- $882Rent plus utilities, monthly
- Median age
- 34.9 yrsAll residents
- Homeownership rate
- 73.2%Owner-occupied households
What the numbers mean in Morgantown town
Housing cost measured against local earnings.
A household earning the Morgantown town median would spend about 20.8% 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 2.5× the median household income; nationally that ratio sits near 4.5×. Poverty affects 13.4% of residents and 73.2% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in Indiana.
- Farmland town 1,345
- Harlan CDP 1,333
- Oxford town 1,333
- Galveston town 1,326
- Shelburn town 1,325
- Kingsford Heights town 1,313
- Barbee CDP 1,298
Keep going
More Indiana coverage.