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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Fort Morgan, CO Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Fort Morgan, CO Housing Market Trends

With a population of 11,453, 4,322 total housing units (homes and apartments), and a median house value of $340,843, Fort 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 Fort Morgan, accounting for 60.57% of the city's housing units. Other types of housing that are prevalent in Fort Morgan include large apartment complexes or high rise apartments ( 15.08%), mobile homes or trailers ( 10.05%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 9.63%).

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 53.80% owning and 46.20% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Fort Morgan's housing was primarily built during this period, from the '40s through the '60s. A full 34.38% of the city's housing hails from this era. Other housing ages represented in Fort Morgan include homes built between 1970-1999 ( 33.58%) and housing constructed before 1939 ( 19.05%). There's also some housing in Fort Morgan built between 2000 and later ( 13.00%).

Fort Morgan Home Appreciation Rates

In the last 10 years, Fort Morgan has experienced some of the highest home appreciation rates of any community in the nation. Fort Morgan real estate appreciated 146.09% over the last ten years, which is an average annual home appreciation rate of 9.42%, putting Fort Morgan in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Fort Morgan definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Fort Morgan's appreciation rate, at 5.06%, has been at or slightly above the national average. In the latest quarter, Fort Morgan's appreciation rate has been 2.53%, which annualizes to a rate of 10.51%.

Importantly, this makes Fort Morgan one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Colorado, our data show that Fort Morgan's latest annual appreciation rate is higher than 90% of the other cities and towns in Colorado.

Average Home Values

Median Home Value

$340,843

Fort Morgan, CO Home Prices
> $1,353,000
$1,015,001 - $1,353,000
$676,001 - $1,015,000
$541,001 - $676,000
$406,001 - $541,000
$271,001 - $406,000
$135,001 - $271,000
$68,001 - $135,000
$0 - $68,000
0.0%
0.0%
0.5%
0.5%
4.1%
4.1%
8.8%
8.8%
15.2%
15.2%
49.4%
49.4%
15.7%
15.7%
1.8%
1.8%
4.5%
4.5%
0% 100.0%
% of Homes
Low

for Colorado

High

for nation

Number of Homes And Apartments:

4,322

Fort Morgan Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,848 / per month

Homeownership Rate

Owners
Renters
53.8%
53.8%
46.2%
46.2%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
4.1%
4.1%
95.9%
95.9%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
13.0%
13.0%
33.6%
33.6%
34.4%
34.4%
19.1%
19.1%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
60.6%
60.6%
4.7%
4.7%
9.6%
9.6%
15.1%
15.1%
10.0%
10.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.3%
1.3%
9.7%
9.7%
33.7%
33.7%
34.2%
34.2%
16.9%
16.9%
4.3%
4.3%
0% 100.0%
% of Homes

Popular Neighborhoods in Fort Morgan

Popular Communities Near Fort Morgan, CO

Zip Codes in Fort Morgan, CO