Morgan appreciation rates and housing market information

Morgan housing market information

With 2,673 people, 823 houses or apartments, and a median cost of homes of $265,504, Morgan real estate prices are well above average cost compared to national prices.

single-family detached homes are the single most common housing type in Morgan, accounting for 86.27% of the city's housing units. Other types of housing that are prevalent in Morgan include duplexes, homes converted to apartments, or other small apartment buildings (6.56%), mobile homes or trailers (4.01%), row houses and other attached homes (1.70%), and a few large apartment complexes or high rise apartments (1.46%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Morgan. Owner-occupied housing accounts for 83.11% of Morgan's homes, and 54.44% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Morgan built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Morgan built from 1940-1969 (28.07%). A lesser amount of the housing stock also hails from 1939 and earlier (21.62%), and some were built from 1995 and later (21.62%).

Morgan home appreciation rates

Appreciation rates for homes in Morgan have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 78.37%, which ranks in the top 40% nationwide. This equates to an annual average Morgan house appreciation rate of 7.83%.

NeighborhoodScout's data show that during the latest twelve months, Morgan home appreciation rates, at 1.16%, have been at or slightly above the national average. In the latest quarter, Morgan's appreciation rate has been -0.23%, which annualizes to a rate of -0.92%.

Relative to Utah, our data show that Morgan's latest annual appreciation rate is higher than 85% of the other cities and towns in Utah.