Morgan County, Ohio Housing Market
In Morgan County, Ohio, the median home value is $150,900, with a median monthly rent of $742. This places Morgan County at #2221 nationally out of 3134 counties by median home value, and #76 within Ohio.
📈 Price Trend (2017 → 2024)
ℹ️ FHFA HPI data is not available for this county due to limited mortgage transaction volume.
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $957
- Establishments: 183
- BLS QCEW, 2025
Housing Supply
- Single-family: 23
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 5,479 (avg $52,352)
- Outflow: 5,297 (avg $52,465)
- IRS Statistics of Income
How Morgan County Compares
| Metric | Morgan County | Ohio Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $150,900 | $196,325 | $227,706 |
| Median Gross Rent | $742 | $904 | $968 |
| Owner Occupancy Rate | 78.9% | 73.7% | 73.3% |
| Price/Rent Ratio | 16.9 | 17.9 | 18.7 |
Market Analysis
The median home value in Morgan County is 23.1% below the Ohio state average and 33.7% below the U.S. national average. The median rent of $742/month is 17.9% below the state average.
With a price-to-rent ratio of 16.9, the buy-vs-rent decision in Morgan County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Morgan County has an owner-occupancy rate of 78.9%, compared to 73.7% in Ohio and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Dawes County | Nebraska | $150,900 | $900 |
| Raleigh County | West Virginia | $150,900 | $902 |
| Benton County | Indiana | $151,000 | $774 |
| Adair County | Kentucky | $150,800 | $771 |
| Jefferson Davis Parish | Louisiana | $150,800 | $848 |
Other Counties in Ohio
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Jackson County | $150,700 | $769 | 73.9% |
| Hardin County | $151,200 | $793 | 74.7% |
| Columbiana County | $151,600 | $756 | 72.7% |
| Vinton County | $150,000 | $728 | 75.5% |
| Williams County | $150,000 | $791 | 76.3% |
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 2026-10-13. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).