A typical Morgan home is worth roughly $85,000
What kind of housing town is Morgan?
Read from the numbers below. The page puts what stands out first.
A typical home costs 1.4 years of income
Less than across Missouri (3.8 years). Try your own numbers below.
That covers a typical Morgan home, with $143K to spare.
A two-bedroom rents for about $890 a month here, $380 more than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Morgan’s typical property tax (0.95% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
A two-bedroom rents for about $890
Renters already here pay a median of $566, so moving in tends to cost more than staying put.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Mercer County, MO): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
74% of Morgan households own their home
Half of Morgan’s homes were built before 1968.
Missouri: 68% own.
U.S. Census Bureau, American Community Survey 2020-2024.
Morgan vs. its neighbors
The towns that share a border with Morgan. Tap one to see its housing page.
Compare more
| Town | Typical value | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|---|
| Morgan | $85K* | — | $890 | $59,038 |
| Marion | $70K* | — | $930 | $53,851 |
Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.
Neighbors talk housing
What Morgan buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.