Morgan County, Georgia Housing Market Prices
Morgan County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 5% above the Georgia median More expensive than 71% of counties in Georgia$270,512
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Median rent 20% below the Georgia median More expensive than 77% of counties in Georgia$1,108
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Morgan County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $270,512 | $256,986 | $248,835 |
| Price Trend (Annual %) | 6.3% | 8.9% | 7.5% |
| Median Gross Rent | $1,108 | $1,392 | $1,407 |
| Rent Trend (Annual %) | 3.7% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Morgan County is about 5% higher than in Georgia. Rent is about 20% lower than the Georgia average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Morgan County, up about 6.3% and 3.7% a year respectively. Home prices are changing faster.
Median rent in Morgan County rose about 30.0% between 2015 and 2024, from $852 to $1,108. Over the same span, rent in Georgia rose about 58.5%.
Affordability
On average, housing unit costs 3.4 yearly household incomes in Morgan County.
Buying the median-priced home in Morgan County costs roughly 20.3 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Morgan County. The price-to-rent ratio in Georgia is about 15.4.
| Metric | Morgan County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $270,512 | $256,986 | $248,835 |
| Median Household Income | $79,783 | $77,523 | $80,455 |
| Price-to-Income Ratio | 3.4 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Morgan County rose about 11.0%, while median household income rose about 74.9% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Morgan County | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 71.2% | 58.9% | 58.5% |
| Rental Rate | 19.8% | 30.8% | 31.2% |
| Vacancy Rate | 9.0% | 10.3% | 10.2% |
| Median Tenure (years) | 17.0 | 14.0 | 15.0 |
| Median Year Moved In | 2009 | 2012 | 2011 |
Morgan County has a homeownership rate of 71.2%, higher than the Georgia average of 58.9%. Its housing vacancy rate is 9.0%, compared with 10.3% in Georgia.
Housing Stock
| Metric | Morgan County | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.57 people | 2.62 people | 2.53 people |
| Median Structure Built Year | 1992 | 1990 | 1978 |
| Median Number of Rooms | 6.4 | 5.9 | 5.5 |
The typical housing unit in Morgan County was built around 1992. On average, 2.6 people live in a home with about 6.4 rooms, staying for about 17.0 years on average.
Morgan County, GA Housing Compared With Nearby Counties
Morgan County, GA is the smallest of the 4 counties compared here, 21,078 residents against a local median of 43,551. Morgan County, GA sits close to the middle of its own neighbourhood. No measure below is more than 15% off the local median, so the choice between these counties turns on things this data does not capture.
The largest of those small differences is median home price, 8% below the local median at $270,512 against $292,882. Morgan County, GA has the 4th highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Morgan County, GA | 21,078 | $270,512 #4/4 | $1,108 #3/4 | 78.2% #4/4 |
| Oconee County, GA | 43,551 | $292,882 | $1,461 | 81.3% |
| Putnam County, GA | 22,855 | $320,588 | $1,002 | 80.9% |
| Walton County, GA | 103,328 | $286,116 | $1,175 | 79.3% |
Frequently Asked Questions
Common questions about the housing market in Morgan County, Georgia.
What is the median home price in Morgan County, Georgia?
The median home price in Morgan County, Georgia is $270,512, higher than the Georgia average of $256,986.
What is the average home price in Morgan County, Georgia?
The typical home price in Morgan County, Georgia, reported as the median sale price, is $270,512. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Morgan County, Georgia?
The median gross rent in Morgan County, Georgia is $1,108 per month, lower than the Georgia average of $1,392.
What was the median gross rent in Morgan County in 2020?
In 2020, the median gross rent in Morgan County, Georgia was $836 per month.
What is the price-to-rent ratio in Morgan County, Georgia?
The price-to-rent ratio in Morgan County, Georgia is about 20.3, meaning it would take roughly 20.3 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Morgan County.
Are home prices or rent rising faster in Morgan County, Georgia?
Both home prices and rent are rising in Morgan County, up about 6.3% and 3.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Morgan County, Georgia?
71.2% of households in Morgan County, Georgia own their home, higher than the Georgia average of 58.9%.
What is the vacancy rate in Morgan County, Georgia?
The housing vacancy rate in Morgan County, Georgia is 9.0%, lower than the Georgia average of 10.3%.
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