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Home values, rents and more in Michigantown, IN

September 2026 figures from Zillow and the U.S. Census Bureau · updated 2026-11-07

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Typical home value
$231,000
Metro: $224,000 · U.S.: $366,000
Home values, past year
+6.8%
Metro: +6.8% · U.S.: +1.2%
Population
514
ACS 2020–24
Median household income
$74,375
Metro: $65,019 · U.S.: $80,734
ZIP codes around Michigantown, IN, shaded by typical home valueMichigantown46057
  • Under $220k
  • $220k–$230k
  • $230k–$240k
  • $240k+
  • No data
ZIP codes around Michigantown, IN, shaded by typical home value (Zillow, ZIP codes). Dashed lines are county borders. Michigantown is outlined.

How Michigantown compares

The typical home in Michigantown, IN is worth about $231,000, according to the Zillow Home Value Index for September 2026. Home values in Michigantown are about the same as the typical value in the Frankfort metro area ($224,000) and 37% below the U.S. typical value ($366,000).

Over the past year, home values in Michigantown rose 6.8%, compared with +6.8% in the Frankfort metro area and +1.2% nationally.

The median household income is $74,375, against $65,019 in the Frankfort metro area and $80,734 in the U.S. (Census Bureau, American Community Survey 2020–24).

About 514 people live in Michigantown (American Community Survey 2020–24).

Michigantown has the 4th-highest typical home value of the 7 cities in the Frankfort metro area and the 277th-lowest of 581 in Indiana with Zillow figures.

Part of: Clinton County, IN · Frankfort metro area · Indiana

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  • 5- and 10-year price changes
  • Days on market and months of supply
  • Price cuts and sale-to-list ratio
  • Price-to-income and monthly cost to buy
  • Crime rates
  • Homeowners insurance premiums
  • Commute time to downtown
  • Flood, wildfire and natural hazard risk
  • Property-tax rate
  • 2024 presidential vote
  • Age, education and household make-up
  • Amenities and transit nearby
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Nearby cities

ZIP codes in Michigantown, IN

Sources

Home values: Zillow Home Value Index (ZHVI), all homes, middle tier, smoothed and seasonally adjusted, September 2026. Rents: Zillow Observed Rent Index (ZORI), seasonally adjusted. Population: Census population estimates (July 2025) for states, metros and counties; ACS 2020–24 for cities and ZIP codes. Income: U.S. Census Bureau, ACS 2020–24 5-year estimates. Boundaries: U.S. Census Bureau cartographic boundary files. Compiled by Home Economics.

"Typical" is Zillow's middle-tier value (homes between the 35th and 65th percentiles), not a median sale price. Changes are over the 12 months to September 2026.

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