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IN area data

Michigantown, IN

Michigantown, IN.

Population: 1,270 (Census ACS)

The median home value in Michigantown, IN is $244,643 — up 6.1% over the past year. Homes sell for a median $339,900 after a median 196 days on market. 2 schools serve the area (NCES). FEMA's National Risk Index rates the county's overall natural-hazard risk Very Low, with drought, hail, strongwind the top-rated hazards. Cost of living is 9.5% below the US average (BEA, metro/state-level).

Backed by 25+ public sourcesFEMA · U.S. Census · NOAA · Dept. of Education · EPA · and more

$244,643

Median home value

+6.1%

1-year change

196

Median days on market

Very Low

Hazard risk (county)

Home values & appreciation

Median home value
$244,643
1-year appreciation
+6.1%
3-year appreciation
+19.1%
5-year appreciation
+39.7%
10-year appreciation
+106.6%
All-time peak (2026-07)
$244,643
House Price Index (state)
367.2 (+2.9% YoY)

Sources: home value index (ZIP-level) · FHFA House Price Index (state-level)

Market activity

Median sale price
$339,900
Median list price
$242,400
Median price per sqft
$128
1-year sale-price change
+239.9%
Median days on market
196 days
Homes sold (recent period)
1
For-sale inventory
4
Sale-to-list ratio
100.0%
Active listings
2
1-year forecast
+4.4%

Source: recent area sales and market data (ZIP-level)

Rents

Studio fair-market rent
$750/mo
1BR fair-market rent
$937/mo
2BR fair-market rent
$1,156/mo
3BR fair-market rent
$1,502/mo
4BR fair-market rent
$1,734/mo

Sources: market rent index (ZIP-level) · HUD Fair Market Rents (metro/county-level, 40th-percentile regulatory reference)

Affordability

Cost of living index (Below Average)
90.5 (100 = US avg)
Electricity rate (state-level)
16.2¢/kWh
Natural gas rate (state-level)
$11.50/MCF
30-year mortgage rate (national)
6.66%
15-year mortgage rate (national)
6.00%

Sources: BEA Regional Price Parities (metro/state-level) · EIA energy rates (state-level) · Freddie Mac PMMS (national)

Schools

Total schools
2
Elementary schools
1
Middle schools
0
High schools
1
Schools include
Clinton Central Elementary School, Clinton Central Junior-Senior HS

Source: NCES school directory, 2022-23 (school-address-based)

Natural hazards & flood risk

Overall hazard risk (county)
Very Low
Top hazards (county)
drought, hail, strongWind
Notable hazard ratings (county)
coldWave: Relatively Low · drought: Relatively Moderate · earthquake: Relatively Low · hail: Relatively Moderate · heatWave: Relatively Low · iceStorm: Relatively Low
FEMA flood zone
A
Flood risk level
High
Wildfire risk to homes (county)
Higher than 0% of US counties
Buildings in wildfire direct-exposure zone
28.1%
Radon potential (county)
High radon potential — EPA Zone 1 of 3
EPA Superfund (NPL) sites within 5 mi
None
Nearest Superfund site
Continental Steel Corp. (15 mi)
EPA recommends radon testing for every home regardless of zone.

Sources: FEMA National Risk Index (county-level) · FEMA flood data (ZIP-level) · USDA Forest Service Wildfire Risk to Communities (county-level) · EPA radon zones + Superfund NPL

Climate (30-year normals)

Average annual temperature
52.0°F
Average high
62.0°F
Average low
42.0°F
Annual precipitation
46.4 in
Annual snowfall
28.5 in
USDA plant hardiness zone
6a (extreme annual low -10 to -5°F)

Sources: NOAA Climate Normals (30-year, nearest-station) · USDA Plant Hardiness Zone Map (2023)

Walkability & transit

Walkability index
4.3 / 20
Transit service frequency
-99,999
Jobs reachable by car (30 min)
7,954
Jobs reachable by transit (45 min)
7,861

Source: EPA Smart Location Database (metropolitan block groups)

Amenities

Airports within 30 mi
46
Nearest airport
Frankfort Clinton County Regional Airport (11 mi)
Nearest major airport
Grissom Air Reserve Base (GUS) (25 mi)
Hospitals nearby (~15 mi)
2
Hospitals include
COMMUNITY HOWARD REGIONAL HEALTH INC., INDIANA UNIVERSITY HEALTH FRANKFORT INC
Avg hospital rating (CMS)
4.0 / 5
Best hospital rating nearby (CMS)
4.0 / 5
Solar radiation rating
Fair (3.9 kWh/m²/day)

Sources: National Park Service · FAA airport data · CMS hospital data · DOE/NREL (proximity-based)

Migration

Net migration (county)
-1 tax filers

Source: IRS county-to-county migration data (county-level, ~12-month lag)

Housing stock

Median year housing built
1,956
Housing built before 1970
65.2%
Housing built 2000 or later
3.0%
Median annual property tax
$966
Mean commute to work
19 min
Households with broadband internet
54.1%

Source: Census ACS 5-year estimates (ZIP-level)

Employment & development

Total county employment
9,903
Average weekly wage
$1,019
Top industries (by employment)
Health Care, Accommodation & Food, Construction
Annual residential building permits (county)
23

Sources: BLS QCEW (county-level) · Census Building Permits (county-level)

How it compares

MichigantownState medianUS median
Median home value$244,643$237,170$289,727
Median sale price$339,900$238,000$325,000
Median days on market196 days38 days51 days
Median annual property tax$966$1,179$2,006

State and US medians are computed across all US ZIP codes with sufficient public-data coverage, from the same sources as the figures above.

Area data compiled from public government, academic, and industry research feeds. Data sources →

Common questions

What is the median home value in Michigantown, IN?
$244,643.
What is the median sale price in Michigantown, IN?
$339,900.
How long do homes take to sell in Michigantown, IN?
Median days on market: 196 days.
What is typical rent in Michigantown, IN?
2-bedroom fair-market rent: $1,156/month (HUD FMR — a 40th-percentile regulatory reference, not market-observed).
What is the natural-hazard risk in Michigantown, IN?
Overall risk: Very Low (FEMA NRI, county-level). Top hazards: drought, hail, strongWind.
Is Michigantown, IN in a flood zone?
High (FEMA NFIP). FEMA flood zone A.
What is the wildfire risk in Michigantown, IN?
Risk to homes is higher than 0% of US counties (USDA Forest Service Wildfire Risk to Communities, county-level).
What is the radon potential in Michigantown, IN?
High radon potential — EPA Zone 1 of 3, county-level. EPA recommends testing every home regardless of zone.
Are there Superfund sites near Michigantown, IN?
No current or proposed National Priorities List sites within 5 miles (EPA).
How many schools serve Michigantown, IN?
2 schools (1 elementary, 1 high) (NCES, 2022-23).
Is Michigantown, IN walkable?
Walkability index: 4.3/20 (EPA Smart Location Database).
What is the cost of living in Michigantown, IN?
Regional Price Parity: 90.5 (100 = US average) (Below Average) (BEA RPP, metro/state-level).

ZIP code for Michigantown

Selling a home in Michigantown, IN?

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Data last updated

Most recent source refresh: Sep 2026. See all data sources →

Data compiled by REAIGENT7 — AI listing platform for real estate agents