Morgan County, Alabama Housing Market
In Morgan County, Alabama, the median home value is $212,000, with a median monthly rent of $864. This places Morgan County at #1276 nationally out of 3134 counties by median home value, and #10 within Alabama.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,219
- Establishments: 3,264
- BLS QCEW, 2025
Housing Supply
- Single-family: 257
- Multi-family: 143
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 46,096 (avg $76,424)
- Outflow: 43,840 (avg $77,239)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 3 active ZIP codes in Morgan County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 35670 | 217.9 | +2.96% | 2025 |
| 2 | 35601 | 221.6 | -3.53% | 2025 |
| 3 | 35640 | 227.8 | -0.46% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Morgan County Compares
| Metric | Morgan County | Alabama Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $212,000 | $159,659 | $227,706 |
| Median Gross Rent | $864 | $820 | $968 |
| Owner Occupancy Rate | 72.7% | 73.2% | 73.3% |
| Price/Rent Ratio | 20.4 | 16.0 | 18.7 |
Market Analysis
The median home value in Morgan County is 32.8% above the Alabama state average and 6.9% below the U.S. national average. The median rent of $864/month is 5.4% above the state average.
With a price-to-rent ratio of 20.4, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Morgan County has an owner-occupancy rate of 72.7%, compared to 73.2% in Alabama and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Graham County | Arizona | $212,000 | $935 |
| Essex County | New York | $211,900 | $934 |
| Clinton County | Ohio | $211,900 | $910 |
| St. James Parish | Louisiana | $211,800 | $903 |
| Harrison County | Mississippi | $212,200 | $1,115 |
Other Counties in Alabama
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Autauga County | $207,200 | $1,263 | 77.1% |
| Marshall County | $201,500 | $795 | 75.8% |
| Lauderdale County | $200,300 | $838 | 68.9% |
| Elmore County | $223,900 | $1,071 | 77.0% |
| Cullman County | $199,100 | $908 | 76.6% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).