States · Indiana · Shelby County

Morristown, Indiana.

Typical home $271,832 (+2.6% in a year). Indianapolis-Carmel-Anderson, IN metro.

What it costs per month · Morristown $1,427/mo

to buy the typical home at today's mortgage rate — +$844 (+145%) since Jan 2020.

What the home itself did
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.

$500 $1,000 $1,500 $2,000 2002 2006 2010 2014 2018 2022 2026 Morristown $1,427 Indiana $1,350 United States $1,922
$500 $1,000 $1,500 $2,000 2002 2010 2018 2026
  • 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.

People 1,205 in the 2020 census; median age 41.8
Household income Too few homes in Morristown for the Census survey to measure.
Unemployment 3.2% Shelby County, August 2026; 3.4% a year before
Homes 70% lived in by their owners; 30% rented

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 It can be wrong or out of date.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

  • Manufacturing25%
  • Schools, hospitals and social care20%
  • Professional and business services10%
  • Restaurants, hotels and entertainment9%
  • Building trades8%
  • Other services6%

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

Average daily high and low for each month: coldest in January, 35° and 18°; warmest in July, 84° and 64° 20° 40° 60° 80° J 35° 18° F M A M J J 84° 64° A S O N D
Average daily high and low for each month: coldest in January, 35° and 18°; warmest in July, 84° and 64° 20° 40° 60° 80° J 35° 18° F M A M J J 84° 64° A S O N D

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

  1. Freudenberg-NOK General PartnershipGasket, packing, and sealing devices manufacturing312
  2. RiverviewConvalescent homes or convalescent hospitals125
  3. Morristown Transport65
  4. 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

  1. TornadoesRelatively high
  2. DroughtRelatively moderate
  3. HailRelatively moderate
  4. Strong windRelatively moderate
  5. Winter weatherRelatively moderate
  6. 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.

$150,000 $200,000 $250,000 $300,000 $350,000 2018 2020 2022 2024 2026 Morristown $271,832 Indiana $257,165 United States $366,157
$150,000 $200,000 $250,000 $300,000 $350,000 2018 2022 2026
  • 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.

JFMAMJJASOND
2026
2025
2024
2023
2022
2021
2020
2019
2018
falling flat warming hot overheating runaway

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.

Zip codes in Morristown