46120 — Morgan County, Indiana Market Snapshot
Housing market data for zip code 46120 in Morgan County, Indiana. Updated monthly with median prices, days on market, and more.
Market Sales Data
15 sales in 2026 (year to date)
Median Sale Price
$315,000
Days to Sell
31
Homes Sold
15
Inventory
16
Sale-to-List
97.6%
New Listings
23
Price/SqFt
$140
Pending Sales
22
Conforming Loan Available
Most homebuyers in 46120 can comfortably use conventional financing. The median home price of $315,000 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
46120's market is balanced with homes taking an average of 31 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
The average home in 46120 sells for 2.4% below asking price (97.6% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 46120 can comfortably use conventional financing. The median home price of $315,000 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 46120 are set at the county level.
2026 Loan Limits — Morgan County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $541,287 |
| 2 Units | $1,066,250 | $693,050 |
| 3 Units | $1,288,800 | $837,700 |
| 4 Units | $1,601,750 | $1,041,125 |
Affordability Snapshot — Zip 46120
To purchase the median home at $315,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $2,563.
Monthly Payment
$2,563
Income Required
$109,861
Principal & Interest
$1,941/mo
Down Payment (5%)
$15,750
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 46120.
Estimated Monthly Payment
$2,099
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