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Morgan County Housing Market

Illinois · 102 counties · Ranked #793 in home value

Below National AvgAffordable

Housing at a Glance

Median Home Value

$128,700

vs national$128,700 vs $281,900 national

Median Gross Rent

$710/mo

vs national$710 vs $1,163 national

Effective Tax Rate

1.88%

vs national+1.88% vs 1.02% national

Median Household Income

$65,175

vs national$65,175 vs $74,755 national

Affordability Ratio

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

Rent Burden

23.0%

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

More Housing Data

Property Tax (Median)

$2,420

Tax as % of Home Value

1.88%

Monthly Owner Cost

$897

Renter Income

$34,994

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Similar Counties by Home Value

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Frequently Asked Questions

What is the median home value in Morgan County?

The median home value in Morgan County is $128,700. This is below the national median of $281,900.

How much is rent in Morgan County?

The median gross rent in Morgan County is $710 per month.

What is the property tax rate in Morgan County?

The effective property tax rate in Morgan County is 1.88%. The median annual property tax bill is $2,420.

Is Morgan County affordable?

With a home-value-to-income ratio of 2x, Morgan County is considered 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.