The Most Affordable Neighborhoods in Morgan County, TN by Home Value

These days, finding an affordable place to live in the Morgan County area can be challenging. Home prices in Morgan County are now at a median cost of $162,798, lower than the Tennessee average of $315,131.

The average cost of rent is $847/mo in Morgan County, primarily driven by the current value of real estate in the Morgan County area. In Morgan County, 15.11% of households rent, and 56.23% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Morgan County is $5,576 per month. Households that rent pay about 15.19% of their income on rent here. Morgan County’s most expensive areas are in the central regions, while the cheapest areas are in the western parts of the county.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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