Morgan County, Utah Housing Market
In Morgan County, Utah, the median home value is $654,900, with a median monthly rent of $1,492. This places Morgan County at #65 nationally out of 3134 counties by median home value, and #3 within Utah.
📈 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: $1,346
- Establishments: 446
- BLS QCEW, 2025
Housing Supply
- Single-family: 92
- Multi-family: 100
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 4,334 (avg $158,255)
- Outflow: 4,195 (avg $158,769)
- 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 | 84050 | 325.8 | +2.26% | 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 | Utah Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $654,900 | $418,720 | $227,706 |
| Median Gross Rent | $1,492 | $1,149 | $968 |
| Owner Occupancy Rate | 88.8% | 77.2% | 73.3% |
| Price/Rent Ratio | 36.6 | 29.9 | 18.7 |
Market Analysis
The median home value in Morgan County is 56.4% above the Utah state average and 187.6% above the U.S. national average. The median rent of $1,492/month is 29.9% above the state average.
With a price-to-rent ratio of 36.6, Morgan County is a strongly rent-favored market. Home prices are high relative to rents, meaning renting is typically far cheaper than owning in the near term.
Morgan County has an owner-occupancy rate of 88.8%, compared to 77.2% in Utah 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 |
|---|---|---|---|
| Western Connecticut Planning Region | Connecticut | $652,900 | $2,110 |
| Valley County | Idaho | $657,000 | $1,117 |
| Deschutes County | Oregon | $650,900 | $1,787 |
| Hood River County | Oregon | $660,000 | $1,417 |
| Westchester County | New York | $663,200 | $1,951 |
Other Counties in Utah
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Grand County | $538,700 | $1,118 | 70.3% |
| Utah County | $538,700 | $1,541 | 68.3% |
| Salt Lake County | $525,700 | $1,592 | 66.1% |
| Wasatch County | $787,300 | $2,000 | 80.3% |
| Washington County | $510,700 | $1,566 | 71.6% |
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).