Housing data for Ray Township (Morgan County), IN
Ray Township (Morgan County), IN has an estimated 1,418 residents and 633 homes (US Census Bureau, 2020–2024 American Community Survey).
It is a township in Morgan County.
14.7% of households rent.
The median gross rent is $1,153 a month.
Figures last updated on .
- Residents
- 1,418 (±281)
- Housing units
- 633 (±118)
- Households that rent
- 14.7%
- Median gross rent
- $1,153
- Residents since 2015–2019
- −12.7%
What stands out in Ray Township (Morgan County)
Median real estate taxes: $393 (±$158) in Ray Township (Morgan County), lower than in Morgan County ($1,174).
Homes heated by fuel oil: 8.3% (±6.1 points) in Ray Township (Morgan County), higher than in Morgan County (1.1%).
Median home value: $159,200 (±$59,961) in Ray Township (Morgan County), lower than in Morgan County ($237,600).
- Property taxes in Ray Township (Morgan County)
- Heating fuel in Ray Township (Morgan County)
- Home values in Ray Township (Morgan County)
Housing in Ray Township (Morgan County) at a glance
- Median rent: $1,153 median gross rent a month (Small sample: wide margin of error)
- Rent burden: 53.2% of renters pay 30% or more of income (Small sample: wide margin of error)
- Renters and owners: 14.7% of households rent (Small sample: wide margin of error)
- Income and affordability: $87,292 median household income
- Home values: $159,200 median home value
- Homeowner costs: $1,106 median monthly cost with a mortgage
- Property taxes: $393 median real estate taxes a year
- Types of homes: 0.0% of homes are in buildings of 5 or more units
- Bedrooms: 69.7% of homes have 3 or more bedrooms
- Age of homes: 52.7% of homes were built before 1980
- Vacancy rate: 0.0% rental vacancy rate (Small sample: wide margin of error)
- Heating fuel: 41.8% heat with electricity
- Commute and cars: 33.9 minutes average trip to work
- Growth: −12.7% residents since 2015–2019
- How long people stay: 9.5% moved in since 2020 (Small sample: wide margin of error)
- Crowding and facilities: 1.4% of homes have more than 1 person per room (Small sample: wide margin of error)
- Fair Market Rent: $1,280 Small Area FMR, 2 bedrooms (ZIP 46166)
Ray Township (Morgan County) against Morgan County, its state and the nation
| Ray Township (Morgan County) | Morgan County | Indiana | United States | |
|---|---|---|---|---|
| Residents | 1,418 (±281) | 72,659 (exact) | 6,851,073 (exact) | 334,922,499 |
| Housing units | 633 (±118) | 30,046 (±47) | 2,976,568 (±617) | 143,775,355 |
| Households that rent | 14.7% (±8.0 points) | 17.9% (±1.7 points) | 29.4% (±0.3 points) | 34.8% |
| Median gross rent | $1,153 (±$143) | $1,042 (±$60) | $1,062 (±$5) | $1,413 |
| Median household income | $87,292 (±$6,186) | $79,429 (±$3,469) | $71,957 (±$352) | $80,734 |
| Median home value | $159,200 (±$59,961) | $237,600 (±$5,614) | $218,200 (±$739) | $332,700 |
| Median real estate taxes (a year) | $393 (±$158) | $1,174 (±$46) | $1,614 (±$9) | $3,119 |
| Built before 1980 | 52.7% (±12.3 points) | 49.5% (±2.8 points) | 55.0% (±0.3 points) | 49.7% |
| Average commute | 33.9 minutes (±4.0) | 31.5 minutes (±1.2) | 24.1 minutes (±0.1) | 26.4 minutes |
| Households with broadband | 90.7% (±6.8 points) | 90.3% (±1.4 points) | 89.9% (±0.2 points) | 91.0% |
| Median age of residents | 36.9 years (±7.3) | 41.7 years (±0.4) | 38.1 years (±0.2) | 38.9 years |
Ray Township (Morgan County) covers 25.6 square miles of land, about 55 residents per square mile (Census Bureau Gazetteer).
How Ray Township (Morgan County) has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 1,624 (±394) | 1,418 (±281) | −12.7% | Not a measurable change |
| Housing units | 628 (±101) | 633 (±118) | +0.8% | Not a measurable change |
| Median gross rent | $1,058 (±$205) | $1,153 (±$143) | +9.0% | No measurable change after inflation |
| Median home value | $127,500 (±$16,063) | $159,200 (±$59,961) | +24.9% | No measurable change after inflation |
| Median household income | $61,369 (±$13,502) | $87,292 (±$6,186) | +42.2% | No measurable change after inflation |
| Median owner cost with a mortgage | $1,111 (±$107) | $1,106 (±$151) | −0.5% | Down after inflation |
| Median real estate taxes | $384 (±$95) | $393 (±$158) | +2.3% | No measurable change after inflation |
| Households that rent | 40.5% (±16.1 points) | 14.7% (±8.0 points) | −25.8 percentage points | Measurable decrease |
| Rental vacancy rate | 0.0% (±14.0 points) | 0.0% (±36.9 points) | 0.0 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 Ray Township (Morgan County)
| ZIP code | Share of the ZIP’s land in this place | Residents | Median gross rent | Median home value | Median household income |
|---|---|---|---|---|---|
| 46166 | 57% | 2,813 | $1,102 | $157,500 | $86,042 |
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 Ray Township (Morgan County)
| Place | Distance | Median gross rent | Median home value | Households that rent |
|---|---|---|---|---|
| Paragon | 1.6 mi | $1,019 | $104,100 | 15.5% |
| Baker Township | 3.9 mi | — | $239,500 | 18.0% |
| Harrison Township (Owen County) | 4.4 mi | $525 | $136,200 | 28.6% |
| Wayne Township (Owen County) | 4.8 mi | $1,026 | $132,000 | 32.3% |
| Ashland Township | 5.2 mi | $888 | $199,600 | 6.4% |
| Gosport | 5.5 mi | $898 | $108,300 | 43.4% |
| Jefferson Township (Morgan County) | 5.8 mi | $1,010 | $258,400 | 13.7% |
| Stinesville | 7.9 mi | $642 | $129,400 | 32.4% |
Places in Indiana most like Ray Township (Morgan County)
| Place | Median gross rent | Median home value | Median household income | Households that rent |
|---|---|---|---|---|
| Indian Creek Township (Lawrence County) | $1,284 | $187,800 | $92,853 | 16.7% |
| Washington Township (Clark County) | $1,147 | $188,100 | $88,250 | 15.3% |
| Clay Township (Kosciusko County) | $1,170 | $199,100 | $92,353 | 6.3% |
| Franklin Township (Putnam County) | $1,025 | $188,000 | $85,169 | 23.0% |
| Vernon Township (Jennings County) | $1,116 | $165,500 | $77,131 | 7.1% |
| Wood Township | $985 | $204,600 | $86,528 | 14.3% |
Matched on rent, home value, income, the share who rent, the age of the homes, the share in apartment buildings and the commute, each measured against the spread across Indiana.
HUD Fair Market Rent for Ray 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 Ray 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 Ray Township (Morgan County)
What is the median household income in Ray Township (Morgan County)?
The median household income in Ray Township (Morgan County) is $87,292 (±$6,186) a year (2020–2024 American Community Survey).
What is the average home value in Ray Township (Morgan County), IN?
The Census Bureau publishes the median: $159,200 (±$59,961) for owner-occupied homes in Ray Township (Morgan County) (2020–2024 American Community Survey).
What is the average mortgage payment in Ray Township (Morgan County)?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Ray Township (Morgan County), IN is $1,106 (±$151) a month, including taxes, insurance and utilities.
How much are property taxes in Ray Township (Morgan County)?
The median real estate tax paid by homeowners in Ray Township (Morgan County), IN is $393 (±$158) a year (2020–2024 American Community Survey).
How many homes are in Ray Township (Morgan County)?
Ray Township (Morgan County), IN has an estimated 633 (±118) housing units, occupied and vacant (2020–2024 American Community Survey).
What is the most common home size in Ray Township (Morgan County)?
The most common size is 3 bedrooms, 46.6% of homes in Ray Township (Morgan County), IN.
Is Ray Township (Morgan County) growing?
In Ray Township (Morgan County), the number of residents went from 1,624 in 2015–2019 to 1,418 in 2020–2024 (−12.7%), not a measurable change.
What ZIP codes are in Ray Township (Morgan County)?
The ZIP code that covers Ray Township (Morgan County) is 46166.
What is the median rent in ZIP code 46166?
The median gross rent in ZIP Code Tabulation Area 46166 is $1,102 (±$169) a month (2020–2024 American Community Survey).
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — Ray township, Morgan County, Indiana
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Ray township, Morgan County, Indiana
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Ray township, Morgan County, Indiana
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Ray township, Morgan County, Indiana
- Selected Social Characteristics (DP02), 2020–2024 ACS 5-year estimates — Ray township, Morgan County, Indiana
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Ray township, Morgan County, Indiana
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Ray 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 Ray township, Morgan County, Indiana (county subdivision:63144, 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 .