Morgantown, IN is a great place to invest in housing. The median value of houses in the area is $288,500, lower than the US national median of $338,100. However, Morgantown has an impressive one-year house appreciation rate of 13.55%, which is higher than the US national one-year appreciation rate of 8.27%. This shows that investments made in Morgantown are likely to be rewarded with greater returns in comparison to other parts of the country.
The median home cost in Morgantown is $288,500. Home appreciation the last 10 years has been 95.7%. Home Appreciation in Morgantown is up 17.9%.
Average Age of Homes
- The median age of Morgantown real estate is 57 years old
The Rental Market in Morgantown
- Renters make up 34.6% of the Morgantown population
- 0.0% of houses and apartments in Morgantown, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.