What is the population of Morgantown town?

Morgantown town has 1,328 residents on Census ACS 2019-2023 ACS 5-year estimates, ranking #298 of 976 in Indiana.

What is the median household income in Morgantown town?

Median household income in Morgantown town is $50,809 a year, 35.3% below the national figure of $78,538.

How much does it cost to rent or buy in Morgantown town?

Median gross rent is $882 a month and the median home value is $129,500, so rent absorbs about 20.8% of median household income.

Is Morgantown town affordable compared with the rest of the US?

Homes cost about 2.5× the local median income here versus roughly 3.9× nationally, so Morgantown town is more affordable to buy in than the typical US market, and rent takes 20.8% of median income against the 30% cost-burden line.

Aerial view of a dense city center, illustrating the US cities ZIP code directory

Indiana · Census place 51102

Morgantown, IN population, income and ZIP codes

Quick answer

The population of the city of Morgantown, Indiana (Morgantown, IN — Census place “Morgantown town”) is 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. Looking for the Morgantown Indiana ZIP code list? 1 ZIP codes serve Morgantown, IN: 46160.

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

Morgantown ZIP codes (Indiana)

Census ZCTAs whose delivery area overlaps Morgantown.

The Morgantown IN ZIP code list below covers 1 ZIP code. Open any one for its population, income, housing and rent profile.

46160

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

Morgantown town, IN in context

How this area compares with national benchmarks.

Morgantown town is a small town in Indiana, with 1,328 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #298 of 976 ranked by population — larger than 69% of them. The median age here is 34.9 years against 39.1 nationally, a slightly younger profile than the country as a whole. At this population the ACS sample is small, so the margin of error around every dollar figure below is wide — treat the numbers as a band, not a point, and expect them to move between annual releases without the place itself changing.

Households in Morgantown town earn a median of $50,809 a year, 35.3% below the national figure of $78,538 and 17% below the $61,527 median for the 355 Indiana cities we cover. The median is the midpoint household, not an average, so a handful of very high earners cannot drag it upward the way they distort a mean. Poverty reaches 13.4% of residents here, above the 12.4% national rate.

The typical owner-occupied home in Morgantown town is valued at $129,500, 57.3% below the national figure and 11% below the $145,600 peer median, while median gross rent runs $882 a month, 37.3% below the national figure, or roughly $10,584 across a full year. A household on the local median income would put about 20.8% of gross pay toward that rent against the federal 30% cost-burden threshold, so renting here is within the standard affordability guideline. The home-price-to-income ratio works out to 2.5×, against roughly 3.9× nationally, so buying is easier here than in the average US market. 73.2% of occupied homes are owner-occupied versus 65% nationally, so the market leans toward owners. Rent is reported gross — contract rent plus tenant-paid utilities — which is why it runs above the advertised price on a listing for the same unit.

All values below were released by the Census for this exact geography, with no gap-filling on our side. Small-area estimates still carry wider margins of error than state or national figures, so check the linked ACS tables before relying on them for lending, appraisal or legal work.

Compare with nearby places

Places of similar size in Indiana.

More Indiana coverage.

Frequently asked questions

Common questions about this area.

What is the population of Morgantown town?: Morgantown town has 1,328 residents on Census ACS 2019-2023 ACS 5-year estimates, ranking #298 of 976 in Indiana.
What is the median household income in Morgantown town?: Median household income in Morgantown town is $50,809 a year, 35.3% below the national figure of $78,538.
How much does it cost to rent or buy in Morgantown town?: Median gross rent is $882 a month and the median home value is $129,500, so rent absorbs about 20.8% of median household income.
Is Morgantown town affordable compared with the rest of the US?: Homes cost about 2.5× the local median income here versus roughly 3.9× nationally, so Morgantown town is more affordable to buy in than the typical US market, and rent takes 20.8% of median income against the 30% cost-burden line.
How current is this Morgantown town data?: All figures come from the US Census Bureau American Community Survey 2019-2023 ACS 5-year five-year estimates. At this population the ACS sample is small, so the margin of error around every dollar figure below is wide — treat the numbers as a band, not a point, and expect them to move between annual releases without the place itself changing.