The housing market in 46161 Morristown, IN is thriving. The median value of homes in this area is $220,900, which is significantly lower than the US median value of $338,100. However, the 1 year appreciation rate for homes in 46161 Morristown is 13.55%, higher than the national rate of 8.27%. This shows that the home values are increasing rapidly in this area despite being lower than the national average. There are many opportunities to find a relatively affordable home with more potential for growth in this area.
The median home cost in Morristown (zip 46161) is $220,900. Home appreciation the last 10 years has been 95.7%. Home Appreciation in Morristown (zip 46161) is up 17.9%.
Average Age of Homes
- The median age of Morristown (zip 46161) real estate is 48 years old
The Rental Market in Morristown (zip 46161)
- Renters make up 17.7% of the Morristown (zip 46161) population
- 0.0% of houses and apartments in Morristown (zip 46161), 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.