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City · 9,751 residents · Morgan County, Indiana

Mooresville , Indiana

In Mooresville, a typical home is worth $206,400 and typical rent is $1,089 a month. Compared with all of Morgan County, typical household income is 13% lower, the typical home value is 13% lower, and the share of households that own their home is 14 points lower.

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  • Typical home value

    $206,400

    13% below the county

    5% below Indiana

    • Mooresville
    • Morgan
    • Indiana

  • Typical rent

    $1,089a month

    5% above the county

    3% above Indiana

    • Mooresville
    • Morgan
    • Indiana

  • Typical household income

    $68,983a year

    13% below the county

    4% below Indiana

    • Mooresville
    • Morgan
    • Indiana

  • Households that own their home

    68%

    14 points below the county

    3 points below Indiana

    • Mooresville
    • Morgan
    • Indiana

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$310,030
1.8% more than 12 months ago

From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).

Mooresville is in Morgan County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Morgan County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Mooresville apart

What this place has that others do not, from public data, most unusual first.

  1. 68% of households in Mooresville own their home, against 82% in Morgan County.

  2. Nearby, in Martinsville, the typical home value is $163,400: 21% less than in Mooresville ($206,400).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Mooresville

What homes there are in Mooresville, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

Detached houses are the majority in Mooresville (71%), but less so than in Morgan County (83%).

Year built

The typical home in Mooresville was built in 1973, 8 years before the typical one in Morgan County.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

The FHA limit for Morgan County is high ($541,287): at least 99% of owner-occupied homes in Mooresville are worth less than $500,000.

Monthly rent with utilities

With a mortgage

$1,331 a month

Morgan County: $1,426 a month

Without a mortgage

$472 a month

Morgan County: $536 a month

Owners with a mortgage

70%

Morgan County: 65%

In Mooresville, 70% of owners have a mortgage, and their typical cost is $1,331 a month, against $1,426 in Morgan County. Without one it drops to $472.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

From 2015–2019 to 2020–2024, home values in Mooresville rose at about the same pace as in Morgan County: 49% against 48%.

Since 2015–2019, the typical rent in Mooresville rose 28%, more than in Morgan County (25%).

Here income did not keep up with housing: it rose 22%, while home values changed +49% and rent +28%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureMooresvilleMorgan CountyIndianaUnited States
Rental vacancy Unreliable estimateUnreliable estimate5.6%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate0.8%0.9%
More than one person per room Unreliable estimateUnreliable estimate1.8%3.4%
People per household 2.402.542.462.53
Drive alone 83%79%76%69%
Carpool Unreliable estimate8%9%9%
Public transit Unreliable estimateUnreliable estimate1%3%
Walk or bike Unreliable estimate1%2%3%
Work from home 12%12%11%15%
Other means Unreliable estimate1%1%2%
Typical commute Unreliable estimateUnreliable estimate20 to 29 minutes20 to 29 minutes

Households in Mooresville are smaller: 2.40 people on average; in Morgan County, 2.54.

In Mooresville, 83% of workers drive alone to work; in Morgan County, 79%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Mooresville?

A typical home is tight for the typical income

We start with a typical home in Mooresville, worth $206,400, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 29% of the typical household income in Mooresville, which is $68,983 a year. For that payment to be 28% of income, a household would need to earn about $70,786 a year.

The calculator's FHA and conventional loan limits are those of all of Morgan County.

Your numbers

Local data
$

Starts at the typical home value in Mooresville. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $7,224 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$1,652

at 7.18% · 30 years

Loan amount
$202,662
Total interest
$291,582
Paid off in
November 2056

Includes $3,486 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,610 a month

  • Tight

    $1,610 to $2,069 a month

    Your payment · 29%

  • Hard

    more than $2,069 a month

Compared with the typical household income in Mooresville ($68,983 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,652
Principal & interest$1,373
Property tax$102
Home insurance$86
FHA mortgage insurance (MIP)$91

You need at least $7,224 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Mooresville and Morgan County

Mooresville is in Morgan County, Indiana. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Mooresville's own numbers

Typical home value
$206,400
Typical monthly rent
$1,089
Typical yearly household income
$68,983
Households that own their home
68%
Effective property tax rate
0.59%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Morgan County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,536
Price change over 5 years (FHFA)
+55%
Homes in a high flood-risk zone
1.8%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Morgan County.

Everything about Morgan County

Buying

Buying a home in Mooresville

A typical home in Mooresville is worth $206,400: 13% below the county and 5% below Indiana. With the typical household income in Mooresville ($68,983 a year), a typical home costs 3.0 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Mooresville 3.0 years
  • Morgan 3.0 years
  • Indiana 3.0 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Morgan County

According to FHFA’s house price index, home prices in Morgan County rose 97% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Morgan County.

Period County Indiana U.S.
Last year (2025) +4.5% +4.3% +2.9%
5 years (2020–2025) +55% +53% +47%
10 years (2015–2025) +97% +95% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Mooresville next to Morgan County, Indiana and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Mooresville $206,400
  • Morgan $237,600
  • Indiana $218,200
  • United States $332,700
Typical monthly rent
  • Mooresville $1,089
  • Morgan $1,042
  • Indiana $1,062
  • United States $1,413
Typical yearly household income
  • Mooresville $68,983
  • Morgan $79,429
  • Indiana $71,957
  • United States $80,734
See the full table
Mooresville next to Morgan County and Indiana
Measure Mooresville Morgan County Indiana U.S.
Typical home value $206,400 $237,600 $218,200 $332,700
Typical monthly rent $1,089 $1,042 $1,062 $1,413
Typical yearly household income $68,983 $79,429 $71,957 $80,734
Households that own their home 68% 82% 71% 65%
Typical yearly property tax $1,222 $1,174 $1,614 $3,119
Effective property tax rate 0.59% 0.49% 0.74% 0.94%
Renters with high rent for their income 56% 48% 48% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Morgan County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Mooresville

For a typical $206,400 home in Mooresville, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Mooresville's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $1,652a month

    Least cash to close
    Down payment
    $7,224
    Cash to close
    $13,416
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $91

  • Conventional, 5% down $1,614a month

    Down payment
    $10,320
    Cash to close
    $16,512
    Rate
    7.18%
    Mortgage insurance
    PMI · $98

  • Conventional, 20% down, no PMI $1,306a month

    Down payment
    $41,280
    Cash to close
    $47,472
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,497a month

    Down payment
    $30,960
    Cash to close
    $37,152
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Mooresville and for Morgan County.

Property tax

Effective rate in Mooresville

0.59%of the home’s value each year

$1,222 a year for the typical owner in Mooresville.

  • Mooresville 0.59%
  • Morgan 0.49%
  • Indiana 0.74%

What Indiana publishes Homestead standard deduction: the amount drops each year (Indiana Department of Local Government Finance (DLGF), Form HC10)

Exemptions and deadlines in Indiana

Flood risk in Morgan County

FEMA does not publish these numbers by city: they are for all of Morgan County.

Homes in the high-risk zone
1.8%
542
Of those, with NFIP insurance
27%
County Indiana U.S.
Homes in the high-risk zone 1.8% 2.3% 3.5%
Of those, with NFIP insurance 27% 17% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Mooresville

Typical rent in Mooresville is $1,089 a month: 5% above the county. In Mooresville, 56% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Morgan County, by unit size. To pay the 2-bedroom one ($1,536 a month) without spending more than 30% of your income, you would need to earn $29.54 an hour working full time.

HUD fair market rent for all of Morgan County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,187 $22.83 $47,480
1 bedroom $1,336 $25.69 $53,440
2 bedrooms $1,536 $29.54 $61,440
3 bedrooms $1,991 $38.29 $79,640
4 bedrooms $2,425 $46.63 $97,000

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Mooresville

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Mooresville is in ZIP code 46158.

For 2 bedrooms it is $1,390: $146 less than the fair market rent for Morgan County ($1,536).

  • 46158 $1,390$1,800

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Mooresville when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Mooresville

HUD lists 2 buildings with rents for lower incomes in Mooresville. These are the largest.

  • Spring Hill Apartments I 170 Springhill Ct, Mooresville 46158 80 low-income homes · For families (317) 831-6250
  • Spring Hill Apts Phase III 301 Springmill Dr, Mooresville 46158 80 low-income homes · 1 bd: 30 · In service since 1992 · For families (317) 831-6250

See all 6 buildings in Morgan County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Mooresville

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

We found no HUD-approved agencies with an office in Morgan County. The nearest ones are below; many serve by phone or online.

A man leans over the armchair to help a teenage girl with her book.

HUD counseling is free or low-cost

Assistance programs in Mooresville

No down payment, repair or rent-help program on our list is for Mooresville or Morgan County. The ones below are statewide in Indiana: they work in Mooresville the same as in the rest of the state.

Which programs do I qualify for? All programs in Indiana

  • Next Home

    Statewide in Indiana

    Indiana state agency program with down payment assistance of 2.5% or 3.5% of the price, alongside a 30-year FHA or conventional mortgage. Offered by Indiana Housing and Community Development Authority (IHCDA).

    Type not stated

    See the program Official page

  • First Step

    Statewide in Indiana

    Indiana state agency 30-year FHA or conventional mortgage for first-time buyers (or homes in designated areas), with down payment assistance as a second mortgage with no interest or payments, repaid when the first mortgage ends. Offered by Indiana Housing and Community Development Authority (IHCDA).

    Deferred

    See the program Official page

Housing counselors near Mooresville

The HUD-approved agencies closest to the center of Mooresville, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Intend Indiana, Inc

    1704 Bellefontaine St, Indianapolis · 18 miles away · Spanish

    • Pre-purchase counseling
    • Homebuyer education workshops
    (317) 924-8116

  • Indianapolis Neighborhood Housing Partnership

    2690 N Meridian St, Indianapolis · 18 miles away · Spanish

    • Budget and financial counseling
    • Budget and credit workshops
    • and 2 more
    (317) 610-4663

  • Indianapolis Neighborhood Housing Partnership Homeownership Center at Glendale

    2960 N Meridian St, Indianapolis · 18 miles away

    • Pre-purchase counseling
    • Homebuyer education workshops
    (317) 610-4663

All counseling agencies in Indiana

Help in Spanish near Mooresville

2 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Mooresville

HUD lists no housing authority with an office in Morgan County. One in a neighboring county or the state’s may serve the area.

All housing agencies in Indiana Source: HUD

Cities

Other cities in Morgan County

These cities are also in Morgan County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Morgan County Housing in Indiana

Nearby cities

The cities closest to Mooresville, with the typical home value.

Neighboring counties

If Morgan County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Mooresville.

All guides
A mother and her daughters smile together on a mountain trail with a snowy peak behind them.

Questions

Housing questions about Mooresville

Short answers with the numbers for Mooresville and all of Morgan County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Mooresville?

The typical home value in Mooresville is $206,400, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Morgan County it is $237,600.

How much does it cost to rent in Mooresville?

Typical rent in Mooresville is $1,089 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Morgan County is $1,536.

What is the FHA loan limit in Mooresville?

Mooresville uses the FHA limit for all of Morgan County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Mooresville?

The typical homeowner in Mooresville pays $1,222 a year, according to the U.S. Census Bureau. That is 0.59% of the home’s value; in Morgan County, the rate is 0.49%.

Where can I find free help to buy or rent in Mooresville?

We found no HUD-approved counseling agencies with an office in Morgan County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).