Land and home values in Morgan County, Indiana
Morgan County (metro core, Indianapolis-Carmel-Greenwood, IN) covers 404 square miles and 17 census tracts. Residential land is about $4.33 per sq ft at the county median, from $3.26 in its most rural tracts to $6.91 in its most valuable. The typical home is worth about $271,000 and a 2-bedroom rents for about $1,260 a month, as of October 12, 2026.
Open on the satellite mapAll of IndianaCounty values
| Land: residential | $4.33 | per sq ft |
| Land: residential | $188,833 | per acre |
| Land: quarter-acre lot | $47,208 | 10,890 sq ft |
| Land: farmland | $9,450 | per acre |
| Home: typical (median) | $271,000 | value |
| Home: entry-level | $210,000 | lower quartile |
| Home: upper-end | $410,000 | upper quartile |
| Build new | $194 | per sq ft, no land |
| Rent: 1-bedroom | $1,080 | per month |
| Rent: 2-bedroom | $1,260 | per month |
| Rent: 3-bedroom | $1,630 | per month |
| Rent: 4-bedroom | $2,000 | per month |
| Gross yield, 2-bed | 5.6% | a year |
Price tiers
| Tier | Tracts | Land $/sq ft | Typical home | Rent 2-bed |
|---|---|---|---|---|
| Upper | 2 | $4.96 | $391,000 | $1,010 |
| Mid | 11 | $4.33 | $271,000 | $1,260 |
| Entry | 4 | $3.65 | $177,000 | $1,260 |
Tiers rank neighborhoods by home value within each metro area; outside metro areas they follow how built-up the land is. They describe prices only.
Cities and towns
Highest-value places
| Place | Type | Land $/sq ft | Typical home |
|---|---|---|---|
| Morgantown | Town | $5.41 | $151,000 |
| Waverly | Community | $5.38 | $271,000 |
| Ashbury Ridge | Subdivision | $5.01 | $294,000 |
| Mooresville | Town | $4.89 | $234,000 |
| Foxcliff Estates | Community | $4.54 | $554,000 |
| Monrovia | Town | $4.41 | $264,000 |
| Brooklyn | Town | $4.33 | $135,000 |
| Eminence | Community | $4.33 | $291,000 |
Questions people ask
How much is land worth in Morgan County, IN?
Residential land in Morgan County, IN is about $4.33 per square foot, or $188,833 an acre, as of October 2026. A quarter-acre lot (10,890 sq ft) is about $47,208. Smaller lots sell for more per square foot and large tracts for less.
What is the typical home value in Morgan County, IN?
The typical (median) home in Morgan County, IN is worth about $271,000, with entry-level homes around $210,000 and upper-end homes around $410,000, as of October 2026.
How much is rent in Morgan County, IN?
A 2-bedroom rents for about $1,260 a month in Morgan County, IN, a 1-bedroom about $1,080 and a 3-bedroom about $1,630 (gross rent including utilities, HUD Fair Market Rent basis).
How much is farmland per acre in Morgan County, IN?
Farmland averages about $9,450 an acre in Morgan County, IN (USDA, including buildings), well below residential land.
Is this an appraisal?
No. Indicative values for screening, budgeting and negotiation, not an appraisal. For lending, a tax appeal or legal use, hire a state-licensed or certified appraiser.