Morgan County, Utah 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 83% below the Utah median Among the top 5 cheapest counties in Utah$85,000
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Median rent About the same as the Utah median More expensive than 79% of counties in Utah$1,491
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Morgan County | Utah Avg | US Average |
|---|---|---|---|
| Median Home Price | $85,000 | $498,552 | $248,835 |
| Price Trend (Annual %) | -8.4% | 11.3% | 7.5% |
| Median Gross Rent | $1,491 | $1,495 | $1,407 |
| Rent Trend (Annual %) | 4.7% | 6.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Morgan County is about 83% lower than in Utah. Rent follows a similar pattern, running close to the Utah average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2022
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Morgan County: home prices fell about 8.4% a year while rent rose about 4.7% a year. That is an unusual pattern worth watching.
Median rent in Morgan County rose about 62.6% between 2015 and 2024, from $917 to $1,491. Over the same span, rent in Utah rose about 68.7%.
Affordability
On average, housing unit costs 0.6 yearly household incomes in Morgan County.
Buying the median-priced home in Morgan County costs roughly 4.8 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Morgan County. The price-to-rent ratio in Utah is about 27.8.
| Metric | Morgan County | Utah Avg | US Average |
|---|---|---|---|
| Median Home Price | $85,000 | $498,552 | $248,835 |
| Median Household Income | $130,878 | $95,466 | $80,455 |
| Price-to-Income Ratio | 0.6 | 5.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2022, the median home price in Morgan County fell about 54.1%, while median household income rose about 71.3% 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 | Utah Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 85.3% | 64.6% | 58.5% |
| Rental Rate | 10.7% | 27.3% | 31.2% |
| Vacancy Rate | 4.0% | 8.1% | 10.2% |
| Median Tenure (years) | 16.0 | 13.0 | 15.0 |
| Median Year Moved In | 2010 | 2013 | 2011 |
Morgan County has a homeownership rate of 85.3%, higher than the Utah average of 64.6%. Its housing vacancy rate is 4.0%, compared with 8.1% in Utah.
Housing Stock
| Metric | Morgan County | Utah Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.37 people | 2.97 people | 2.53 people |
| Median Structure Built Year | 1985 | 1989 | 1978 |
| Median Number of Rooms | 8.4 | 6.4 | 5.5 |
The typical housing unit in Morgan County was built around 1985. On average, 3.4 people live in a home with about 8.4 rooms, staying for about 16.0 years on average.
Morgan County, UT Housing Compared With Nearby Counties
Morgan County, UT is the smallest of the 5 counties compared here, 12,802 residents against a local median of 319,987. Where Morgan County, UT breaks from the counties next to it is median home price, sitting 73% below the local median of $316,341 at $85,000.
Homeownership tells the same story from another angle: 88.8% against a local median of 70.1%, 27% above it. The one measure here that carries a verdict is homeownership, and at 27% above the local median it puts Morgan County, UT at the better end of the local range. The counties themselves spread $309,985 on median home price, so Morgan County, UT sits at one end of an already wide local range rather than apart from it. Morgan County, UT has the 5th highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Morgan County, UT | 12,802 | $85,000 #5/5 | $1,491 #3/5 | 88.8% #1/5 |
| Weber County, UT | 269,655 | $359,230 | $1,379 | 74.1% |
| Davis County, UT | 370,319 | $273,453 | $1,621 | 77.3% |
| Salt Lake County, UT | 1,196,263 | $549,866 | $1,592 | 66.1% |
| Cache County, UT | 139,938 | $239,881 | $1,213 | 63.6% |
Frequently Asked Questions
Common questions about the housing market in Morgan County, Utah.
What is the median home price in Morgan County, Utah?
The median home price in Morgan County, Utah is $85,000, lower than the Utah average of $498,552.
What is the average home price in Morgan County, Utah?
The typical home price in Morgan County, Utah, reported as the median sale price, is $85,000. 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, Utah?
The median gross rent in Morgan County, Utah is $1,491 per month, about the same as the Utah average.
What was the median gross rent in Morgan County in 2020?
In 2020, the median gross rent in Morgan County, Utah was $1,229 per month.
What is the price-to-rent ratio in Morgan County, Utah?
The price-to-rent ratio in Morgan County, Utah is about 4.8, meaning it would take roughly 4.8 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Morgan County.
Are home prices or rent rising faster in Morgan County, Utah?
Home prices and rent are moving in opposite directions in Morgan County: home prices fell about 8.4% a year while rent rose about 4.7% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Morgan County, Utah?
85.3% of households in Morgan County, Utah own their home, higher than the Utah average of 64.6%.
What is the vacancy rate in Morgan County, Utah?
The housing vacancy rate in Morgan County, Utah is 4.0%, lower than the Utah average of 8.1%.
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