Fort Morgan, CO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Fort Morgan, CO Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Fort Morgan Housing Market Information

With a population of 11,319, 4,058 total housing units (homes and apartments), and a median house value of $165,048, Fort Morgan real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Fort Morgan, accounting for 61.09% of the city's housing units. Other types of housing that are prevalent in Fort Morgan include mobile homes or trailers ( 12.77%), large apartment complexes or high rise apartments ( 12.40%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.47%).

The most prevalent building size and type in Fort Morgan are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 59.99% owning and 40.01% renting.

There is a lot of housing in Fort Morgan built from 1970 to 1999 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 Fort Morgan built between 1940-1969 ( 37.89%). A lesser amount of the housing stock also hails from before 1939 ( 18.54%). There's also some housing in Fort Morgan built between 2000 and later ( 4.69%).

Fort Morgan Home Appreciation Rates

Appreciation rates for homes in Fort 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 13.94%, which ranks in the top 30% nationwide. This equates to an annual average Fort Morgan house appreciation rate of 1.31%.

NeighborhoodScout's data show that during the latest twelve months, Fort Morgan's appreciation rate, at 5.15%, has been at or slightly above the national average. In the latest quarter, Fort Morgan's appreciation rate has been 0.00%, which annualizes to a rate of 0.00%.

Relative to Colorado, our data show that Fort Morgan's latest annual appreciation rate is lower than 70% of the other cities and towns in Colorado.

Average Home Values

 

Median Home Value:
$165,048

Fort Morgan, CO HOME PRICES

Value Range
> $1,207,000 0.5
$905,001 - $1,207,000 0.0
$604,001 - $905,000 0.1
$482,001 - $604,000 1.3
$362,001 - $482,000 3.1
$241,001 - $362,000 13.1
$121,001 - $241,000 57.9
$61,001 - $121,000 11.1
$0 - $61,000 12.9

Low for CO
Average for Nation

Value Relative to Nation Value Relative to State
43.6130317590531 78.1659388646288

Number Of Homes And Apartments:
4,058

Fort Morgan Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CO*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
50.04% 2.38% 4 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$922 / per month

Homeownership Rate

Homeownership
Owners 59.99
Renters 40.01
Vacant 8.15

Housing Market Details

 

Age of Homes

AGE OF Fort Morgan HOMES
2000 or Newer 4.7
1970 - 1999 38.9
1940 - 1969 37.9
1939 or Older 18.5

Types of Homes

TYPE OF Fort Morgan HOMES
Single-Family 61.1
Townhomes 5.3
Small Apt. Buildings 8.5
Apt. Complexes 12.4
Mobile Homes 12.8
Other 0.0

Home Size

SIZE OF Fort Morgan HOMES
No Bedroom 1.67
1 Bedroom 8.22
2 Bedrooms 32.87
3 Bedrooms 33.73
4 Bedrooms 16.09
5 or more bedrooms 7.42

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Zip Codes in Fort Morgan, CO