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Housing market/Indiana/ZIP 46160

ACS 2023 · FY2027 SAFMR

ZIP 46160 Morgantown, Indiana

Indianapolis-Carmel, IN HUD Metro FMR Area · Indiana. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
6,416
Households
2,479
Median HH income
$72,003
Renter share
11.5%
Median gross rent
$886
Vacancy
11.6%
Pop. change
-1.8%
2BR SAFMR
$1,160
SAFMR / rent
1.309×
2–49 unit stock
47
LIHTC proj / units
1 / 24
HUD assisted MF
—

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 46160 · IN — sent to you.

ZIP 46160 · IN

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ACS rent vs 2BR SAFMR

ZIP 46160 — Morgantown, IN HUD Section 8 Payment Standards / SAFMR →
ACS median rent$886
2BR SAFMR$1,160
90% floor$1,044
110% ceiling$1,276

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 46160

  • 1-unit detached2,57291.7%
  • 1-unit attached20.1%
  • 2–4 units301.1%
  • 5–49 units170.6%
  • Mobile1836.5%
TypeUnitsShare
1-unit detached2,57291.7%
1-unit attached20.1%
2 units (duplex)210.7%
3–4 units90.3%
5–9 units50.2%
10–19 units80.3%
20–49 units40.1%
50+ units00.0%
Mobile1836.5%

2–4 unit share 1.1% · 5–49 unit share 0.6% · combined 2–49 1.7%.

Units by bedrooms

Studio
16
1BR
162
2BR
898
3BR
1,306
4BR
331
5+
91

Rent burden

Rent ≥30% of income64.3%
Rent ≥50% of income27.3%
  • ACS median gross rent $886 (all bedrooms, occupied rentals).
  • Median contract rent $589.
  • Renters paying ≥30% of income 64.3%; ≥50% 27.3%.
  • FY2027 2BR SAFMR $1,160 (1.309× ACS median gross rent).

Population

6,416 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: -1.8%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 1 projects, 24 units.
  • HUD project-based assisted MF: not published for this ZIP.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 13 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 46160 11.5% of occupied households are renters; vacancy is 11.6%; ACS median gross rent is $886; population changed -1.8% between the 2018 and 2023 ACS vintages; the housing stock includes 30 units in 2–4-unit structures and 17 units in 5–49-unit structures; 1 LIHTC projects totaling 24 units; FY2027 2BR SAFMR is $1,160 versus ACS median gross rent of $886. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

Indiana research

ZIP 46160 is a Census / HUD profile for Indianapolis-Carmel, IN. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 46160 — Morgantown, IN HUD Section 8 Payment Standards / SAFMR·Indiana ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
46030Indianapolis-Carmel, IN HUD Metro FMR Area20.9%$951$1,27046032Indianapolis-Carmel, IN HUD Metro FMR Area33.0%$1,522$2,14046033Indianapolis-Carmel, IN HUD Metro FMR Area13.1%$1,597$2,16046034Indianapolis-Carmel, IN HUD Metro FMR Area13.4%$1,038$1,41046037Indianapolis-Carmel, IN HUD Metro FMR Area18.7%$1,463$2,02046038Indianapolis-Carmel, IN HUD Metro FMR Area31.4%$1,489$1,99046040Indianapolis-Carmel, IN HUD Metro FMR Area13.2%$1,344$1,62046052Indianapolis-Carmel, IN HUD Metro FMR Area25.2%$911$1,28046055Indianapolis-Carmel, IN HUD Metro FMR Area14.7%$1,596$2,09046060Indianapolis-Carmel, IN HUD Metro FMR Area31.0%$1,215$1,66046061Indianapolis-Carmel, IN HUD Metro FMR Area——$1,96046062Indianapolis-Carmel, IN HUD Metro FMR Area19.3%$1,458$1,870

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Indiana research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 46160?

ZIP 46160 (Indianapolis-Carmel, IN HUD Metro FMR Area) has 6,416 residents, 2,479 households, a renter share of 11.5%, median household income of $72,003, and ACS 2023 median gross rent of $886. Vacancy is 11.6%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 46160?

ACS counts 21 units in 2-unit buildings, 9 in 3–4 unit buildings, 5 in 5–9, 8 in 10–19, and 4 in 20–49. Combined 2–49 unit stock is 47 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 46160?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,160. See the full schedule and 90–110% payment-standard band on the ZIP 46160 — Morgantown, IN HUD Section 8 Payment Standards / SAFMR.

Does this Indiana ZIP profile include Georgia listings?

No. ZIP 46160 is Census / HUD research for Indianapolis-Carmel, IN HUD Metro FMR Area. Jeff Crowe CRE does not list Indiana property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.