Morristown, Indiana.
Typical home $271,832 (+2.6% in a year). Indianapolis-Carmel-Anderson, IN metro.
to buy the typical home at today's mortgage rate — +$844 (+145%) since Jan 2020.
- 1 year
- Up $6,843 +3%
- $264,989$271,832 since Sep 2025
- 5 years
- Up $68,216 +34%
- $203,616$271,832 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Morristown$1,427
- Indiana$1,350
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 12 years.
Typical home values in Morristown, IN rose 2.6% over the past year — faster than the nation's +1.2%.
Living in Morristown, Shelby County, Indiana
Morristown is a town of 1,205 people in Shelby County. 70% of its homes are lived in by their owners and 30% are rented. Unemployment in Shelby County was 3.2% in August 2026, and the county had 0.1% more jobs in 2025 than the year before. The most residents work in manufacturing, then schools and health care.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Morristown is a small town in Shelby County, Indiana, home to a modest number of residents at the last count. Residents tend to be somewhat older than the typical American, and most homes are lived in by their owners. Few adults hold a four-year degree, and the town has more people living below the poverty line than many places, though it sits in a county where household incomes are comfortable. Winters are cold, with a fair amount of snow, and summers turn warm, with plenty of rain and melted snow through the year.
Work. Residents work mostly in manufacturing, in schools, hospitals and social care, in professional and business services, and in restaurants, hotels and entertainment. Among the largest workplaces in town are Freudenberg-NOK General Partnership, which makes gaskets and sealing devices, Riverview, a convalescent home, and Morristown Express, a long-distance trucking company. Commutes are on the longer side, and some people work from home. Unemployment in the county has stayed low, and the number of jobs has barely changed from the year before.
Things to do. Close to home, the Riley Birthplace and Museum is a short drive away, and Nameless Creek, a river, is also nearby. For a longer drive, Indianapolis offers the Indianapolis Motor Speedway, a race track known around the world, and The Children's Museum of Indianapolis, one of the best known of its kind.
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- 412households
- 16%of adults have a degree
- 14%below the poverty line
- 28 mintypical commute
- 11%work from home
What residents work in
Employed residents by industry, from the Census survey. Shelby County had 18,930 jobs in 2025, 0.1% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 35° and lows near 18°; warmest in July, with highs near 84° and lows near 64°. About 20 inches of snow and 48 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Greenfield weather station, 7 miles away (NOAA).
Largest workplaces in Morristown
- Freudenberg-NOK General PartnershipGasket, packing, and sealing devices manufacturing312
- RiverviewConvalescent homes or convalescent hospitals125
- Morristown Transport65
- Morristown ExpressGeneral freight trucking, long-distance, truckload34
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 4 workplaces with 20 or more staff, 536 people in all. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- TornadoesRelatively high
- DroughtRelatively moderate
- HailRelatively moderate
- Strong windRelatively moderate
- Winter weatherRelatively moderate
- Inland floodingRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Morristown’s census tracts, against the rest of the country; all of them together, relatively low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Shelby County and the Indianapolis-Carmel-Anderson, IN metro.
Morristown home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Morristown$271,832
- Indiana$257,165
- United States$366,157
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
Not enough data to draw this yet.
Zip codes with a Morristown address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Morristown — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.