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ZipNumbers

Indiana · Census place 51192

Morristown town, IN

Quick answer

Morristown town has 996 residents, ranking #357 of 976 places in Indiana. Median household income is $47,850, the median home is worth $137,500 and median gross rent runs $910 a month.

Population
996Morristown town residents
Median household income
$47,850Past 12 months, inflation adjusted
Median home value
$137,500Owner-occupied units
Median gross rent
$910Rent plus utilities, monthly
Median age
42.3 yrsAll residents
Homeownership rate
67.2%Owner-occupied households

What the numbers mean in Morristown town

Housing cost measured against local earnings.

A household earning the Morristown town median would spend about 22.8% 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 2.9× the median household income; nationally that ratio sits near 4.5×. Poverty affects 14.8% of residents and 67.2% of households own their home.

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

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