Morgan County, Tennessee Housing Market
In Morgan County, Tennessee, the median home value is $166,300, with a median monthly rent of $770. This places Morgan County at #1877 nationally out of 3134 counties by median home value, and #69 within Tennessee.
📈 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: $991
- Establishments: 207
- BLS QCEW, 2025
Migration Patterns
- Inflow: 7,334 (avg $57,347)
- Outflow: 6,768 (avg $56,833)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 1 active ZIP codes in Morgan County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 37748 | 331.8 | +7.22% | 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.
🔗 Explore Morgan County on Our Sister Sites
Get the complete picture for Morgan County — financing options and ongoing ownership costs.
💰 Mortgage Guide → 🧾 Property Tax Data →How Morgan County Compares
| Metric | Morgan County | Tennessee Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $166,300 | $223,385 | $227,706 |
| Median Gross Rent | $770 | $892 | $968 |
| Owner Occupancy Rate | 84.9% | 74.1% | 73.3% |
| Price/Rent Ratio | 18.0 | 20.5 | 18.7 |
Market Analysis
The median home value in Morgan County is 25.6% below the Tennessee state average and 27.0% below the U.S. national average. The median rent of $770/month is 13.7% below the state average.
With a price-to-rent ratio of 18.0, 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 84.9%, compared to 74.1% in Tennessee 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 |
|---|---|---|---|
| Pettis County | Missouri | $166,300 | $885 |
| Buchanan County | Missouri | $166,300 | $902 |
| Hardy County | West Virginia | $166,300 | $816 |
| Cerro Gordo County | Iowa | $166,400 | $850 |
| Dawson County | Nebraska | $166,200 | $925 |
Other Counties in Tennessee
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Dyer County | $166,400 | $782 | 61.9% |
| Henderson County | $164,800 | $745 | 73.2% |
| Carter County | $168,200 | $739 | 75.2% |
| Chester County | $164,400 | $756 | 75.4% |
| Fentress County | $168,200 | $709 | 82.6% |
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).