Morgan County, GA

Comprehensive housing, income, and cost of living data for Morgan County, Georgia. Population: 20.2K.

Median Home Price
$434.4K

Based on 3 cities

Median Household Income
$85.7K

Annual household income

Price-to-Income Ratio
5.1x

Less affordable

Salary Needed to Buy
$110.5K

30-yr mortgage, 6.5% rate, 20% down

Housing & Finance

Annual Property Tax
$2,399

Average annual amount

Effective Tax Rate
0.55%

Property tax / home value

Monthly Housing Costs
Mortgage (P&I)$2,196
Property Tax$200
Insurance$181
Total Monthly$2,577
Historical Home Prices
2015
$214.6K
2016
$226.3K
+5.5%%
2017
$248.3K
+9.7%%
2018
$260.6K
+4.9%%
2019
$276.2K
+6.0%%
2020
$312.0K
+12.9%%
2021
$362.9K
+16.3%%
2022
$402.1K
+10.8%%
2023
$430.6K
+7.1%%
2024
$440.7K
+2.3%%
2025
$448.6K
+1.8%%
Source: County price history data via Zillow ZHVI

Demographics & Economics

Unemployment Rate
3.8%%

Below national average

Population Density
58

People per square mile

Homicide Rate
9.0

Medium (per 100K residents)

Political Lean (2020)
Competitive

R+0

Racial Demographics

White
73.2%
Black
21.1%
Hispanic
3.6%
Asian
0.5%
Two or More Races
1.6%

Source: Census ACS 2023. Hispanic/Latino ethnicity counted separately from race.

Climate & Environment

Average Temperature
62°F

Annual average

Sunny Days
185

Days per year

Annual Rainfall
48.8"

Inches per year

Natural Disaster Risk
Low Risk

Score: 19/100

Frequently Asked Questions

What is the median home price in Morgan County, GA?

The median home price in Morgan County, Georgia is $434.4K. The price-to-income ratio is 5.1x, meaning the median home costs 5.1 times the median household income.

What salary do you need to buy a home in Morgan County?

Based on a 30-year mortgage at 6.5% with 20% down and the 28% debt-to-income rule, you need approximately $110.5K per year to buy the median home in Morgan County, GA. Monthly housing costs break down to $2,196 for mortgage, $200 for property tax, and $181 for insurance.

What is the property tax rate in Morgan County?

The effective property tax rate in Morgan County is 0.55%, which comes to approximately $2,399 per year on the median home.

What is the median household income in Morgan County?

The median household income in Morgan County, Georgia is $85.7K per year, based on Census Bureau American Community Survey data. The unemployment rate is 3.8%%.

Is Morgan County a good place to live?

Morgan County, Georgia has a population of 20.2K. Housing affordability is moderate with a price-to-income ratio of 5.1x. The climate averages 62 degrees F with 185 sunny days per year. Compare Morgan County with other areas using our cost of living tools to find the best fit for your budget and lifestyle.