Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$291,124+3.7% YoY · prices are rising fast
Market right nowBuyer's marketMore homes for sale than last year, 17% have cut their price
Income needed to buy, per year$63,110About 1.1× the local median income ($56,159): a stretch for a typical household
Days on market66 daysAbout the same pace as a year ago
The typical home in Morgan County, MO is worth $291,124, up 3.7% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $283,145, so the area is 2.8% overvalued. It is a buyer's market: homes take about 66 days to sell, listings are up 24% from a year ago, 17% of listings have had a price cut. A household needs about $63,110 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 $56,159. In the latest IRS figures, 277 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
$291,124
Change in 1 year
+3.7%
Overvalued %
+2.8%
Show 6 more
Fair home value
$283,145
Change in 5 years
+9.0%
Home value to income
5.2×
Monthly mortgage payment (20% down)
$1,578
Income needed to afford it
$63,110
Property tax rate
0.56%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$962
Market activity
Listings vs a year ago
+24.2%
Days on market
66
Listings with a price cut
16.6%
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Homes for sale
190
Pending sales per 100 listings
22
Asking price per sq ft
$245
People and jobs
Median household income
$56,159
Population change (1 year)
+0.3%
Unemployment rate
2.9%
Show 4 more
Population
22,418
Income adjusted for cost of living
$66,936
Net moves in (IRS)
+277
Cost of living (US = 100)
83.9
Schools, risk and environment
School rating (1 to 10)
5.3
FEMA hazard risk score (0 to 100)
75.5
Flood risk score
82.7
Show 3 more
Wildfire risk score
72.3
Walkability (1 to 20)
5.3
Road, rail and air noise
54 dB
Questions people ask
Is Morgan County, MO overvalued?
Home prices in Morgan County, MO are slightly above what local incomes have historically supported: fair value is about $283,145, so the area is 2.8% overvalued.
Is Morgan County, MO a buyer's or seller's market?
Morgan County, MO is a buyer's market: homes take about 66 days to sell, listings are up 24% from a year ago, 17% of listings have had a price cut.
Are home prices going down in Morgan County, MO?
Home values in Morgan County, MO are up 3.7% over the last year.
How much do you need to earn to buy a home in Morgan County, MO?
A household needs about $63,110 a year to afford the typical home in Morgan County, MO at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $56,159.