46106 — Morgan County, Indiana Market Snapshot
Housing market data for zip code 46106 in Morgan County, Indiana. Updated monthly with median prices, days on market, and more.
Market Sales Data
55 sales in 2026 (year to date)
Median Sale Price
$440,500
Days to Sell
68
Homes Sold
55
Inventory
53
Sale-to-List
98.1%
New Listings
69
Price/SqFt
$170
Pending Sales
64
Conforming Loan Available
Most homebuyers in 46106 can comfortably use conventional financing. The median home price of $440,500 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
With homes sitting for 68 days on average, 46106 favors buyers. There may be opportunities to negotiate below asking price or request seller concessions for closing costs or rate buydowns.
Sale-to-List Ratio
Homes are selling very close to asking price in 46106 (98.1% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 46106 can comfortably use conventional financing. The median home price of $440,500 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 46106 are set at the county level.
2026 Loan Limits — Morgan County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $541,287 |
| 2 Units | $1,066,250 | $693,050 |
| 3 Units | $1,288,800 | $837,700 |
| 4 Units | $1,601,750 | $1,041,125 |
Affordability Snapshot — Zip 46106
To purchase the median home at $440,500 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $3,525.
Monthly Payment
$3,525
Income Required
$151,070
Principal & Interest
$2,714/mo
Down Payment (5%)
$22,025
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 46106.
Estimated Monthly Payment
$2,876
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