Housing data for Madison Township (Morgan County), IN
Madison Township (Morgan County), IN has an estimated 10,235 residents and 4,151 homes (US Census Bureau, 2020–2024 American Community Survey).
It is a township in Morgan County.
11.5% of households rent.
Its population grew measurably since 2015–2019 (+4.5%).
Figures last updated on .
- Residents
- 10,235 (±25)
- Housing units
- 4,151 (±248)
- Households that rent
- 11.5%
- Residents since 2015–2019
- +4.5%
What stands out in Madison Township (Morgan County)
Households that rent: 11.5% (±4.0 points) in Madison Township (Morgan County), lower than in Morgan County (17.9%).
Homes built before 1980: 29.3% (±6.2 points) in Madison Township (Morgan County), lower than in Morgan County (49.5%).
Homes in buildings of 5 or more units: 0.5% (±1.6 points) in Madison Township (Morgan County), lower than in Morgan County (3.9%).
Median household income: $96,058 (±$9,885) in Madison Township (Morgan County), higher than in Morgan County ($79,429).
- Renters and owners in Madison Township (Morgan County)
- Age of homes in Madison Township (Morgan County)
- Types of homes in Madison Township (Morgan County)
- Income and affordability in Madison Township (Morgan County)
Housing in Madison Township (Morgan County) at a glance
- Rent by bedrooms: $1,109 median gross rent, 2 bedrooms
- Rent burden: 47.6% of renters pay 30% or more of income (Small sample: wide margin of error)
- Renters and owners: 11.5% of households rent
- Income and affordability: $96,058 median household income
- Home values: $269,400 median home value
- Homeowner costs: $1,644 median monthly cost with a mortgage
- Property taxes: $1,244 median real estate taxes a year
- Types of homes: 0.5% of homes are in buildings of 5 or more units
- Bedrooms: 87.1% of homes have 3 or more bedrooms
- Age of homes: 29.3% of homes were built before 1980
- Vacancy rate: 0.0% rental vacancy rate (Small sample: wide margin of error)
- Heating fuel: 47.6% heat with utility gas
- Commute and cars: 29.3 minutes average trip to work
- Growth: +4.5% residents since 2015–2019
- How long people stay: 19.3% moved in since 2020
- Crowding and facilities: 0.1% of homes have more than 1 person per room
- Fair Market Rent: $1,860 Small Area FMR, 2 bedrooms (ZIP 46113)
Madison Township (Morgan County) against Morgan County, its state and the nation
| Madison Township (Morgan County) | Morgan County | Indiana | United States | |
|---|---|---|---|---|
| Residents | 10,235 (±25) | 72,659 (exact) | 6,851,073 (exact) | 334,922,499 |
| Housing units | 4,151 (±248) | 30,046 (±47) | 2,976,568 (±617) | 143,775,355 |
| Households that rent | 11.5% (±4.0 points) | 17.9% (±1.7 points) | 29.4% (±0.3 points) | 34.8% |
| Median gross rent | — | $1,042 (±$60) | $1,062 (±$5) | $1,413 |
| Median household income | $96,058 (±$9,885) | $79,429 (±$3,469) | $71,957 (±$352) | $80,734 |
| Median home value | $269,400 (±$43,333) | $237,600 (±$5,614) | $218,200 (±$739) | $332,700 |
| Median real estate taxes (a year) | $1,244 (±$104) | $1,174 (±$46) | $1,614 (±$9) | $3,119 |
| Built before 1980 | 29.3% (±6.2 points) | 49.5% (±2.8 points) | 55.0% (±0.3 points) | 49.7% |
| Average commute | 29.3 minutes (±2.2) | 31.5 minutes (±1.2) | 24.1 minutes (±0.1) | 26.4 minutes |
| Households with broadband | 94.3% (±2.8 points) | 90.3% (±1.4 points) | 89.9% (±0.2 points) | 91.0% |
| Median age of residents | 42.5 years (±2.3) | 41.7 years (±0.4) | 38.1 years (±0.2) | 38.9 years |
Madison Township (Morgan County) covers 27.5 square miles of land, about 372 residents per square mile (Census Bureau Gazetteer).
How Madison Township (Morgan County) has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 9,796 (±21) | 10,235 (±25) | +4.5% | Measurable increase |
| Housing units | 3,931 (±224) | 4,151 (±248) | +5.6% | Not a measurable change |
| Median home value | $174,300 (±$16,148) | $269,400 (±$43,333) | +54.6% | Up after inflation |
| Median household income | $83,631 (±$13,232) | $96,058 (±$9,885) | +14.9% | No measurable change after inflation |
| Median owner cost with a mortgage | $1,351 (±$82) | $1,644 (±$195) | +21.7% | No measurable change after inflation |
| Median real estate taxes | $1,099 (±$96) | $1,244 (±$104) | +13.2% | No measurable change after inflation |
| Households that rent | 10.4% (±5.1 points) | 11.5% (±4.0 points) | +1.1 percentage points | Not a measurable change |
| Rental vacancy rate | 19.5% (±22.5 points) | 0.0% (±7.8 points) | −19.5 percentage points | Not a measurable change |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
ZIP codes in Madison Township (Morgan County)
| ZIP code | Share of the ZIP’s land in this place | Residents | Median gross rent | Median home value | Median household income |
|---|---|---|---|---|---|
| 46113 | 44% | 17,192 | $1,476 | $248,000 | $84,463 |
| 46158 | 27% | 24,878 | $1,084 | $255,100 | $81,096 |
A ZIP code is a mail route rather than a boundary, so the Census Bureau publishes figures for ZIP Code Tabulation Areas built from census blocks; the share column says how much of each one’s land lies in this place.
Places near Madison Township (Morgan County)
| Place | Distance | Median gross rent | Median home value | Households that rent |
|---|---|---|---|---|
| Harrison Township (Morgan County) | 3.8 mi | $1,051 | $266,700 | 9.0% |
| Mooresville | 3.9 mi | $1,089 | $206,400 | 32.1% |
| Brown Township (Morgan County) | 4.2 mi | $1,104 | $213,400 | 24.3% |
| Brooklyn | 4.8 mi | $1,011 | $119,000 | 21.9% |
| White River Township (Johnson County) | 5.6 mi | $1,340 | $352,000 | 18.6% |
| Bethany | 5.6 mi | — | $210,700 | 19.0% |
| Bargersville | 5.9 mi | $1,379 | $438,900 | 26.7% |
| Decatur Township | 6.5 mi | $1,274 | $210,300 | 38.4% |
HUD Fair Market Rent for Madison Township (Morgan County), fiscal year 2027
| Studio | 1 bedroom | 2 bedrooms | 3 bedrooms | 4 bedrooms |
|---|---|---|---|---|
| $1,187 | $1,336 | $1,536 | $1,991 | $2,425 |
HUD also publishes a Small Area Fair Market Rent for each ZIP code in the area; the Fair Market Rent page for this place lists its ZIP codes.
HUD income limits for Madison Township (Morgan County), fiscal year 2026
| Household size | Extremely low (30%) | Very low (50%) | Low (80%) |
|---|---|---|---|
| 1 person | $23,200 | $38,650 | $61,800 |
| 2 people | $26,500 | $44,150 | $70,600 |
| 3 people | $29,800 | $49,650 | $79,450 |
| 4 people | $33,100 | $55,150 | $88,250 |
| 5 people | $38,680 | $59,600 | $95,350 |
| 6 people | $44,360 | $64,000 | $102,400 |
| 7 people | $50,040 | $68,400 | $109,450 |
| 8 people | $55,720 | $72,800 | $116,500 |
These are the limits HUD sets for its housing programs in the Indianapolis-Carmel, IN HUD Metro FMR Area, where HUD’s median family income for fiscal year 2026 is $110,300.
A program can use its own limits; tax-credit and local programs often do.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Madison Township (Morgan County)
How much is a two-bedroom apartment in Madison Township (Morgan County)?
The median gross rent for a two-bedroom home in Madison Township (Morgan County), IN is $1,109 (±$32) a month (2020–2024 American Community Survey).
How many renters are there in Madison Township (Morgan County)?
Madison Township (Morgan County) has an estimated 460 (±161) renting households, 11.5% of its occupied homes (2020–2024 American Community Survey).
What is the median household income in Madison Township (Morgan County)?
The median household income in Madison Township (Morgan County) is $96,058 (±$9,885) a year (2020–2024 American Community Survey).
What is the average home value in Madison Township (Morgan County), IN?
The Census Bureau publishes the median: $269,400 (±$43,333) for owner-occupied homes in Madison Township (Morgan County) (2020–2024 American Community Survey).
What is the average mortgage payment in Madison Township (Morgan County)?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Madison Township (Morgan County), IN is $1,644 (±$195) a month, including taxes, insurance and utilities.
How much are property taxes in Madison Township (Morgan County)?
The median real estate tax paid by homeowners in Madison Township (Morgan County), IN is $1,244 (±$104) a year (2020–2024 American Community Survey).
Is Madison Township (Morgan County) growing?
In Madison Township (Morgan County), the number of residents went from 9,796 in 2015–2019 to 10,235 in 2020–2024 (+4.5%), a measurable increase.
What ZIP codes are in Madison Township (Morgan County)?
The ZIP codes that cover Madison Township (Morgan County) are 46113, 46158.
What is the median rent in ZIP code 46113?
The median gross rent in ZIP Code Tabulation Area 46113 is $1,476 (±$203) a month (2020–2024 American Community Survey).
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — Madison township, Morgan County, Indiana
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Madison township, Morgan County, Indiana
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Madison township, Morgan County, Indiana
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Madison township, Morgan County, Indiana
- Selected Social Characteristics (DP02), 2020–2024 ACS 5-year estimates — Madison township, Morgan County, Indiana
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Madison township, Morgan County, Indiana
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Madison township, Morgan County, Indiana
- HUD Fair Market Rents, fiscal year 2027: Indianapolis-Carmel, IN HUD Metro FMR Area
- HUD Small Area Fair Market Rents, fiscal year 2027
- HUD Income Limits, fiscal year 2026: Indianapolis-Carmel, IN HUD Metro FMR Area
- US Census Bureau, American Community Survey 2020–2024 5-year estimates for ZIP Code Tabulation Areas
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
- US Census Bureau, 2024 Gazetteer Files
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Madison township, Morgan County, Indiana (county subdivision:46044, in state:18 county:109).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B01003_001E, B01003_001M, B25064_001E, B25064_001M from the 2019 release.
The API needs a free key.
DP05_0001E, DP05_0001M, DP04_0001E, DP04_0001M, DP04_0047PE, DP04_0047PM, DP04_0134E, DP04_0134M, DP03_0062E, DP03_0062M, DP04_0089E, DP04_0089M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .