The typical owner-occupied home in Morgan County is worth about $342,300, 13% above the Georgia median of $303,300 and 3% above the national median of $332,700. Owners pay a median $2,425 a year in property taxes, about 0.71% of their home's value, lower than the Georgia rate of 0.77%. The median household earns $78,111 a year, so the median home costs 4.4 times the median income (3.9 times for Georgia). 78% of occupied homes here are lived in by their owners, and 56% of those owners still have a mortgage.
Morgan County at a glance
| Morgan County | Georgia | U.S. | |
|---|---|---|---|
| Median home value | $342,300 | $303,300 | $332,700 |
| Median property tax paid per year | $2,425 | $2,341 | $3,119 |
| Property tax as a share of value | 0.71% | 0.77% | 0.94% |
| Median household income | $78,111 | $77,353 | $80,734 |
| Homes lived in by their owners | 78% | 66% | 65% |
| Owner homes with a mortgage | 56% | 63% | 61% |
| Median monthly costs, owners with a mortgage | $1,802 | $1,783 | $1,963 |
| Those costs as a share of the owners' income | 20.5% | 20.0% | 21.0% |
| Median rent | $1,108 | $1,393 | $1,413 |
| Rent as a share of renters' income | 27.2% | 31.3% | 30.6% |
| Median year homes were built | 1994 | 1992 | 1980 |
| Vacant homes | 9.0% | 10.3% | 10.1% |
| Population | 21,078 | 10,940,407 | 334,922,499 |
What a typical home costs per month in Morgan County
At this week's average 30-year rate of 7.11%, buying the median Morgan County home of $342,300 with 20% down costs about $2,187 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,758, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $93,741 for the 20%-down payment. That payment is 34% of the median Morgan County household income of $78,111; at that income and 20% down, the 28% guideline points to a home of about $285,000.
The median rent here is $1,108 a month, so owning the median home costs about $1,079 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $68,460 |
|---|---|
| Loan amount | $273,840 |
| Principal and interest | $1,842 |
| Property taxes (0.71% a year) | $203 |
| Homeowners insurance (our estimate, 0.5% a year) | $143 |
| PMI | $0 |
| Total per month | $2,187 |
Change the numbers in the calculator
| Down payment | $11,980 |
|---|---|
| Loan amount | $336,100 |
| Principal and interest | $2,261 |
| Property taxes (0.71% a year) | $203 |
| Homeowners insurance (our estimate, 0.5% a year) | $143 |
| FHA mortgage insurance | $151 |
| Total per month | $2,758 |
Change the numbers in the calculator
Questions about home buying in Morgan County
What is the median home value in Morgan County?
About $342,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Morgan County?
Homeowners pay a median $2,425 a year, which is about 0.71% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Morgan County?
For the median home with 20% down at 7.11%, the payment is about $2,187 a month. Keeping that under 28% of gross income takes about $93,741 a year.
More about Morgan County
- Mortgage Refinance in Morgan County
- Debt Relief in Morgan County
- Home Equity Loans in Morgan County
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data