Morgantown, IN — income, home value, property tax, and sales tax.
ZIP code 47235, centered on Morgantown, sits in middle-income territory, with a median household income of $73,963 and per-capita income of $30,542. Homes here carry a median value of $240,300, and the county-level effective property tax rate of 0.49% keeps annual property taxes comparatively restrained against that value. A combined sales tax rate of 7.00% applies to purchases in the area. Together these figures describe a community where earnings land above working-class levels but below true affluence, and where the tax structure leans more on consumption than on property ownership.
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