Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$227,725+0.7% YoY · prices are rising
Market right nowBalanced, leaning buyersMore homes for sale than last year, 21% have cut their price
Income needed to buy, per year$49,366About 0.7× the local median income ($68,601): affordable for a typical household
Days on market68 daysAbout the same pace as a year ago
Next 12 months+2.2%Zillow expects prices to rise slightly
The typical home in Morgan County, AL is worth $227,725, up 0.7% from a year ago. That is well above what local incomes have historically supported: fair value is about $201,984, so the area is 12.7% overvalued. It is a balanced market, leaning toward buyers: homes take about 68 days to sell, listings are up 0% from a year ago, 21% of listings have had a price cut. Zillow expects prices to rise about 2.2% over the next year. A household needs about $49,366 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $68,601. Typical rent is $1,108 a month, or $1,517 for a house. In the latest IRS figures, 469 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$227,725
Change in 1 year
+0.7%
Overvalued %
+12.7%
Show 7 more
Fair home value
$201,984
Change in 5 years
+15.5%
Zillow forecast, next 12 months
+2.2%
Home value to income
3.3×
Monthly mortgage payment (20% down)
$1,234
Income needed to afford it
$49,366
Property tax rate
0.34%
Rent and investing
Typical rent
$1,108
Typical rent for houses
$1,517
Price-to-rent ratio
17.1×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,023
Gross rental yield
5.84%
Cap rate (estimate)
3.79%
Market activity
Listings vs a year ago
+0.2%
Days on market
68
Listings with a price cut
20.6%
Show 3 more
Homes for sale
432
Pending sales per 100 listings
40
Asking price per sq ft
$151
People and jobs
Median household income
$68,601
Population change (1 year)
+0.2%
Unemployment rate
3.7%
Show 4 more
Population
126,483
Income adjusted for cost of living
$78,671
Net moves in (IRS)
+469
Cost of living (US = 100)
87.2
Schools, risk and environment
School rating (1 to 10)
6.3
FEMA hazard risk score (0 to 100)
88.8
Unhealthy air days a year
0
Show 4 more
Flood risk score
86.7
Wildfire risk score
48.9
Walkability (1 to 20)
6.1
Road, rail and air noise
53 dB
Questions people ask
Is Morgan County, AL overvalued?
Home prices in Morgan County, AL are well above what local incomes have historically supported: fair value is about $201,984, so the area is 12.7% overvalued.
Is Morgan County, AL a buyer's or seller's market?
Morgan County, AL is a balanced market, leaning toward buyers: homes take about 68 days to sell, listings are up 0% from a year ago, 21% of listings have had a price cut.
Are home prices going down in Morgan County, AL?
Home values in Morgan County, AL are up 0.7% over the last year. Zillow's forecast for the next 12 months is +2.2%.
How much do you need to earn to buy a home in Morgan County, AL?
A household needs about $49,366 a year to afford the typical home in Morgan County, AL at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $68,601.