Rent in Paragon, IN
A 2-bedroom in Paragon, IN (ZIP 46166) typically rents for about $1,175 a month, with a range of $1,069–$1,280. Owner-occupied homes in Morgan County pay about 0.49% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.32% in the week of Oct 22, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $1,000 | $1,000–$1,187 | 1 |
| 1 bed | $1,120 | $1,120–$1,336 | 1 |
| 2 beds | $1,175 | $1,069–$1,280 | 1 |
| 3 beds | $1,397 | $1,144–$1,650 | 1 |
| 4 beds | $2,030 | $2,030–$2,425 | 1 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: HUD Small Area Fair Market Rents (Oct 1, 2026), Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Paragon ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Paragon, IN?
- About $1,175 a month: the median of the typical rents in 1 ZIP code, which range from $1,069–$1,280. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Paragon, IN?
- About $1,120 a month: the median of the typical rents in 1 ZIP code, which range from $1,120–$1,336. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Paragon, IN?
- About $1,397 a month: the median of the typical rents in 1 ZIP code, which range from $1,144–$1,650. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Paragon, IN?
- About $1,000 a month: the median of the typical rents in 1 ZIP code, which range from $1,000–$1,187. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Paragon, IN?
- About $2,030 a month: the median of the typical rents in 1 ZIP code, which range from $2,030–$2,425. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Paragon, IN?
- Owner-occupied homes in Morgan County pay a typical 0.49% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.32% in the week of Oct 22, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Paragon rent figures come from?
- HUD Small Area Fair Market Rents (Oct 1, 2026), Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).