Paragon, Indiana.
Typical home $260,869 (+3.4% in a year). Indianapolis-Carmel-Anderson, IN metro.
to buy the typical home at today's mortgage rate — +$843 (+160%) since Jan 2020.
- 1 year
- Up $8,491 +3%
- $252,378$260,869 since Sep 2025
- 5 years
- Up $68,341 +35%
- $192,528$260,869 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.
- Paragon$1,369
- Indiana$1,350
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 11 years.
Typical home values in Paragon, IN rose 3.4% over the past year — faster than the nation's +1.2%.
Living in Paragon, Morgan County, Indiana
Paragon is a town of 556 people in Morgan County. Unemployment in Morgan County was 3.2% in August 2026, and the county had 0.3% more jobs in 2025 than the year before. The most people in Morgan County work in schools and health care, then manufacturing.
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 It can be wrong or out of date.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. Paragon is a very small town in Morgan County, Indiana, with a population well below that of most towns. Few adults here hold a four-year degree, far fewer than across the country, and the typical home is worth less than many people would expect to pay in much of the state. Many residents earn their living in schools, hospitals and social care, in manufacturing, in transport and warehousing, and in the building trades.
Work. Across Morgan County, the largest workplaces include MSD Martinsville Schools, DHL Supply Chain and Walmart, which fits the mix of education, freight and retail work in the area. Unemployment in the county is a little lower than it was a year ago, and the number of jobs has held roughly steady. Commutes are on the long side, and only a small number of people work from home.
Things to do. Beanblossom Creek and Jacks Defeat Creek are both rivers a short drive away, good for a quiet walk along the water. A longer drive brings you to McCormick's Creek State Park, a protected area of woods and trails, and to Cataract Falls, a waterfall. Winters here are cold, with some snow, and summers are warm, so spring and fall tend to be the easiest seasons for time outdoors.
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- 2%of adults have a degree
- 29 mintypical commute
- 5%work from home
What people in Morgan County work in
Employed residents by industry, from the Census survey. Morgan County had 15,548 jobs in 2025, 0.3% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 36° and lows near 19°; warmest in July, with highs near 84° and lows near 63°. About 17 inches of snow and 45 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Martinsville Southwest weather station, 6 miles away (NOAA).
Largest workplaces in Morgan County
- MSD Martinsville SchoolsSchool district652FTE
- DHL Supply ChainMotor freight transportation and warehousing487
- Mooresville Con School CorpSchool district427FTE
- WalmartWarehouse clubs and supercenters384
- Professional Disposibles InternationalDiapers, disposable, made from purchased paper or textile fiber332
- WalmartWarehouse clubs and supercenters311
- Franciscan Health MooresvilleGeneral hospital307FTE
- PacMoore a Division of Glanbia NutritionalsPowders, baking, manufacturing248
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 59 workplaces with 20 or more staff, 5,883 people in all across the county; Paragon has one of its own. School districts come from the Common Core of Data (NCES, 2023–24) and hospitals from their Medicare cost reports (CMS, 2023); FTE marks full-time equivalent staff. 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
- Strong windRelatively moderate
- HailRelatively moderate
- Winter weatherRelatively moderate
- TornadoesRelatively moderate
- Cold wavesRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Paragon’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 Morgan County and the Indianapolis-Carmel-Anderson, IN metro.
Paragon home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Paragon$260,869
- 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.
- Paragon6
New listings per month
Sellers arriving at the market.
Not enough data to draw this yet.
Zip codes with a Paragon address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Paragon — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.