The typical owner-occupied home in Morgan County is worth about $654,900, 34% above the Utah median of $489,400 and 97% above the national median of $332,700. Owners pay a median $3,411 a year in property taxes, about 0.52% of their home's value, close to the Utah rate of 0.52%. The median household earns $130,929 a year, so the median home costs 5.0 times the median income (5.1 times for Utah). 89% of occupied homes here are lived in by their owners, and 64% of those owners still have a mortgage.
Morgan County at a glance
| Morgan County | Utah | U.S. | |
|---|---|---|---|
| Median home value | $654,900 | $489,400 | $332,700 |
| Median property tax paid per year | $3,411 | $2,525 | $3,119 |
| Property tax as a share of value | 0.52% | 0.52% | 0.94% |
| Median household income | $130,929 | $95,166 | $80,734 |
| Homes lived in by their owners | 89% | 70% | 65% |
| Owner homes with a mortgage | 64% | 69% | 61% |
| Median monthly costs, owners with a mortgage | $2,335 | $2,009 | $1,963 |
| Those costs as a share of the owners' income | 19.6% | 20.5% | 21.0% |
| Median rent | $1,492 | $1,496 | $1,413 |
| Rent as a share of renters' income | 21.7% | 28.9% | 30.6% |
| Median year homes were built | 1997 | 1992 | 1980 |
| Vacant homes | 4.0% | 8.1% | 10.1% |
| Population | 12,802 | 3,392,331 | 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 $654,900 with 20% down costs about $4,081 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $5,172, 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 $174,905 for the 20%-down payment. That payment is 37% of the median Morgan County household income of $130,929; at that income and 20% down, the 28% guideline points to a home of about $490,000.
The median rent here is $1,492 a month, so owning the median home costs about $2,589 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $130,980 |
|---|---|
| Loan amount | $523,920 |
| Principal and interest | $3,524 |
| Property taxes (0.52% a year) | $284 |
| Homeowners insurance (our estimate, 0.5% a year) | $273 |
| PMI | $0 |
| Total per month | $4,081 |
Change the numbers in the calculator
| Down payment | $22,922 |
|---|---|
| Loan amount | $643,038 |
| Principal and interest | $4,326 |
| Property taxes (0.52% a year) | $284 |
| Homeowners insurance (our estimate, 0.5% a year) | $273 |
| FHA mortgage insurance | $290 |
| Total per month | $5,172 |
Change the numbers in the calculator
Questions about home buying in Morgan County
What is the median home value in Morgan County?
About $654,900 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 $3,411 a year, which is about 0.52% 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 $4,081 a month. Keeping that under 28% of gross income takes about $174,905 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