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These days, finding an affordable place to live in the Morgan area can be challenging. Home prices in Morgan are now at a median cost of $232,907, lower than the Colorado average of $579,698.
The average cost of rent is $738/mo in Morgan, primarily driven by the current value of real estate in the Morgan area. In Morgan, 34.30% of households rent, and 49.98% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Morgan is $4,211 per month. Households that rent pay about 17.52% of their income on rent here. Morgan’s most expensive areas are in the northeastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Capulin, CO: higher priced homes
- La Jara, CO: less expensive homes
- Richfield, CO: less expensive homes
- Waverly, CO: higher priced homes
- Estrella, CO: higher priced homes
- Sanford, CO: less expensive homes
- Alamosa, CO: higher priced homes
- Espinosa, CO: higher priced homes
- San Acacio, CO: less expensive homes
- Blanca, CO: less expensive homes
Cities with Similar Populations
- Landstad, WI: higher priced homes
- Kerrs Creek, VA: higher priced homes
- Kiantone, NY: less expensive homes
- Kickapoo, KS: higher priced homes
- Kimberly, MN: higher priced homes
- Kimmins, TN: equally priced homes
- Kossuth, IN: less expensive homes
- La Plant, SD: less expensive homes
- Lagrange, AR: less expensive homes
- Lake Lafayette, MO: higher priced homes
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