Morristown, Shelby County, IN

Median Home Price Price

$259,600 $259.6K

Median Monthly Rent Rent

$1,184 $1.2K

18.0x

Market Snapshot

Morristown, Shelby County, IN is a city market with a median home price of $259,600, a median monthly rent of $1,184, a GRM of 18.0x, and a price-to-rent ratio of 18.3.

More markets to explore

01 Spiceland, Henry County, IN
Top recommendation Within state Similar GRM Lower price Lower rent Rent momentum
High confidence
Price $197.3K
Rent $912
GRM 18.0x
Explore the data

No similar markets found for this scope.

Home prices

Monthly rent

GRM = home price / annual rent

Region Show
Spiceland, Henry County, IN
$197K $912 18.0x
Quincy, Owen County, IN
$256K $1.2K 18.0x
Ligonier, Noble County, IN
$231K $1.1K 18.0x

Home prices

Monthly rent

GRM = home price / annual rent

Region Show
Stow, Summit County, OH
$271K $1.4K 16.0x
Hamilton, Harris County, GA
$354K $1.2K 25.0x
North Royalton, Cuyahoga County, OH
$317K $1.4K 19.0x

Home prices

Monthly rent

GRM = home price / annual rent

Morristown

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Benchmark comparison

Rent in Morristown, IN is 29.8% higher than Spiceland, IN.

Compare to Spiceland, IN
Morristown, IN
Spiceland, IN
Delta
Median rent
$1,184
$912
-$272
Median price
$259,600
$197,343
-$62,257
YoY change
+$92
+$89
-$3
Price-to-rent
18.3x
18.0x
-0.3x

Key takeaways

  • Morristown, Shelby County, IN has a middle-grm screening profile: At 18.0x GRM, price and rent sit in a less extreme screening range.
  • The investment thesis may depend more on trend quality and local context than on GRM alone.
  • Rent momentum is positive, with median rent up about $92 year over year.
  • Rent in Morristown, IN is 29.8% higher than Spiceland, IN.