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Morgan County Housing Market

Colorado · 64 counties · Ranked #2651 in home value

Above National Avg

Housing at a Glance

Median Home Value

$299,300

vs national+$299,300 vs $281,900 national

Median Gross Rent

$1,092/mo

vs national$1,092 vs $1,163 national

Effective Tax Rate

0.53%

vs national0.53% vs 1.02% national

Median Household Income

$75,407

vs national+$75,407 vs $74,755 national

Affordability Ratio

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

27.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$1,574

Tax as % of Home Value

0.53%

Monthly Owner Cost

$1,264

Renter Income

$55,487

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Frequently Asked Questions

What is the median home value in Morgan County?

The median home value in Morgan County is $299,300. This is above the national median of $281,900.

How much is rent in Morgan County?

The median gross rent in Morgan County is $1,092 per month.

What is the property tax rate in Morgan County?

The effective property tax rate in Morgan County is 0.53%. The median annual property tax bill is $1,574.

Is Morgan County affordable?

With a home-value-to-income ratio of 4x, Morgan County is moderately affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.