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Morgan County Housing Market

Missouri · 115 counties · Ranked #1660 in home value

Below National Avg

Housing at a Glance

Median Home Value

$180,400

vs national$180,400 vs $281,900 national

Median Gross Rent

$692/mo

vs national$692 vs $1,163 national

Effective Tax Rate

0.61%

vs national0.61% vs 1.02% national

Median Household Income

$49,663

vs national$49,663 vs $74,755 national

Affordability Ratio

3.6x

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

Rent Burden

26.0%

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

More Housing Data

Property Tax (Median)

$1,101

Tax as % of Home Value

0.61%

Monthly Owner Cost

$743

Renter Income

$25,470

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Frequently Asked Questions

What is the median home value in Morgan County?

The median home value in Morgan County is $180,400. This is below the national median of $281,900.

How much is rent in Morgan County?

The median gross rent in Morgan County is $692 per month.

What is the property tax rate in Morgan County?

The effective property tax rate in Morgan County is 0.61%. The median annual property tax bill is $1,101.

Is Morgan County affordable?

With a home-value-to-income ratio of 3.6x, 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.