Morgan County, IL

Comprehensive housing, income, and cost of living data for Morgan County, Illinois. Population: 32.9K.

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Median Home Price

$117.8K

Based on 9 cities

Median Household Income

$65.2K

Annual household income

Price-to-Income Ratio

1.8x

Highly affordable

Salary Needed to Buy

$36.3K

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

Housing & Finance

Annual Property Tax

$2,420

Average annual amount

Effective Tax Rate

2.05%

Property tax / home value

Monthly Housing Costs

Mortgage (P&I)$596

Property Tax$202

Insurance$49.09

Total Monthly$846

Historical Home Prices

2015

$94.1K

2016

$95.9K

+1.9%%

2017

$96.2K

+0.3%%

2018

$95.9K

-0.3%%

2019

$103.5K

+7.9%%

2020

$104.5K

+1.0%%

2021

$103.7K

-0.8%%

2022

$106.6K

+2.8%%

2023

$116.1K

+9.0%%

2024

$120.6K

+3.8%%

2025

$125.2K

+3.9%%

Source: County price history data via Zillow ZHVI

Demographics & Economics

Unemployment Rate

5.1%%

Near national average

Population Density

People per square mile

Homicide Rate

9.6

Medium (per 100K residents)

Political Lean (2020)

Competitive

R+0

Racial Demographics

White

87.6%

Black

5.3%

Hispanic

2.8%

Asian

0.7%

Two or More Races

3.4%

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

Climate & Environment

Average Temperature

53°F

Annual average

Sunny Days

180

Days per year

Annual Rainfall

39.0"

Inches per year

Natural Disaster Risk

High Risk

Score: 71/100

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