Market Snapshot
Report generated March 2026
| Indicator | Value |
|---|---|
| Population | 13,758 ↓ 0.3% since 2020 |
| Median Household Income | $55,971 25% below national median |
| Median Home Value | $134,200 |
| Unemployment Rate | 3.0% |
| Median Age | 44.4 years |
| Housing Vacancy Rate | 23.0% |
| Total Land Sales (Past 12 Months) | 199 transactions |
| Active Listings | 118 properties |
| Avg Days on Market | 335 days |
Rural Land Sales (1+ Acres) (Jan 2026 – Mar 2026)
| Metric | Value |
|---|---|
| Median Price/Acre | $26,150 |
| Recent Sales | 146 transactions |
| Avg Days on Market | 331 days |
| Avg Parcel Size | 11.80 acres |
| Active Listings | 84 properties |
Recent Rural Land Sales
| Date | Acres | Price | $/Acre | Location |
|---|---|---|---|---|
| Mar 2026New | 1.01 | $18,000 | $17,822 | Martinsville |
| Mar 2026New | 1.11 | $6,000 | $5,405 | Martinsville |
| Mar 2026New | 2.79 | $50,000 | $17,921 | Martinsville |
| Mar 2026New | 3.48 | $140,000 | $40,230 | Martinsville |
| Feb 2026 | 5.00 | $140,000 | $28,000 | Martinsville |
| Feb 2026 | 2.15 | $95,000 | $44,186 | Martinsville |
| Feb 2026 | 10.87 | $210,000 | $19,319 | Morgantown |
| Feb 2026 | 9.00 | $80,000 | $8,889 | Paragon |
| Jan 2026 | 2.62 | $105,000 | $40,076 | Mooresville |
| Jan 2026 | 100.00 | $6,200,000 | $62,000 | Camby |
Suburban/Urban Land Sales (Under 1 Acre) (Oct 2025 – Mar 2026)
| Metric | Value |
|---|---|
| Median Lot Price | $22,000 |
| Recent Sales | 53 transactions |
| Avg Days on Market | 346 days |
| Avg Parcel Size | 0.50 acres |
| Active Listings | 34 properties |
Recent Suburban/Urban Land Sales
| Date | Acres | Price | Location |
|---|---|---|---|
| Mar 2026New | 0.96 | $40,000 | Morgantown |
| Feb 2026 | 0.45 | $28,000 | Martinsville |
| Feb 2026 | 0.93 | $45,000 | Morgantown |
| Jan 2026 | 0.37 | $10,100 | Martinsville |
| Jan 2026 | 0.44 | $8,000 | Martinsville |
| Dec 2025 | 0.75 | $50,000 | Martinsville |
| Nov 2025 | 0.22 | $35,000 | Martinsville |
| Nov 2025 | 0.31 | $79,340 | Mooresville |
| Oct 2025 | 0.29 | $16,000 | Martinsville |
| Oct 2025 | 0.99 | $25,000 | Martinsville |
County Profile
| Demographic | Value |
|---|---|
| Total Population (2023) | 72,202 |
| Population (2020) | 71,780 |
| Population Growth | 0.59% |
| Median Household Income | $79,088 |
| Median Home Value | $220,100 |
| Total Housing Units | 29,749 |
| Vacant Housing Units | 2,036 |
| Housing Vacancy Rate | 6.8% |
| Median Age | 41.6 |
| Bachelor's Degree or Higher | 7,030 (9.7%) |
| Unemployment Rate | 3.0% |
Market Overview
Morgan County, Indiana has a population of 72,202, which has grown 0.59% since 2020. The median household income is $79,088, above the national median of $74,580 by 6.0%. The housing vacancy rate of 6.8% suggests tight market conditions. The county's location in Indiana makes it accessible for investors and developers seeking rural land. Recent rural land sales show a median price of $26,150 per acre, with properties averaging 11.80 acres. There are currently 118 active land listings in the county.
Related Resources
Nearby County Reports
Frequently Asked Questions
What is the current population of Morgan County, Indiana?
As of the 2023 American Community Survey, Morgan County has a population of 72,202. The county has grown 0.59% since the 2020 Census, indicating a growing community.
What is the median household income in Morgan County?
The median household income in Morgan County is $79,088, which is 6.0% above the national median of $74,580.
Is Morgan County growing or shrinking?
Morgan County is growing. The population has increased 0.59% since 2020.
What is the housing market like in Morgan County?
The median home value in Morgan County is $220,100. The housing vacancy rate is 6.8%, which suggests tight market conditions. The unemployment rate is 3.0%, reflecting the local economic conditions. Recent rural land sales (1+ acres) show a median price of $26,150 per acre. Suburban/urban lots under 1 acre have a median lot price of $22,000.
Does Reelvest buy land in Morgan County, Indiana?
Yes! Reelvest Properties buys vacant land throughout Indiana, including Morgan County. We make cash offers within 24-48 hours, close in 14-30 days, and pay all closing costs. Get your free cash offer today.
Data Sources: Market data reflects recent vacant land transactions in the county. Demographic data from U.S. Census Bureau American Community Survey (2023), Bureau of Labor Statistics (2025). Updated monthly.