Fort Morgan, CO—80701
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Fort Morgan, CO
As of Oct '25, the median home price in Fort Morgan, CO is $321,000, with a year-over-year change of -0.0%. This indicates that home prices in Fort Morgan, CO are flat. According to Zillow, the 1-year price projection is -0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $321,000 | -0.0% |
| Single Family | $322,000 | -0.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $227,000 | -0.4% |
3 Bed | $316,000 | -0.3% |
4 Bed | $364,000 | 0.0% |
| 5 Bed | $423,000 | -0.7% |
% of Housing Stock
Rental Trends — Fort Morgan, CO
As of July '25, Rentcast reports the average rent in Fort Morgan, CO is $1,600, with a year-over-year rent change of -3.6%. Per bedroom, the median rent as of July '25 in Fort Morgan, CO is studios: $600, 1-bedrooms: $888, 2-bedrooms: $1,350, 3-bedrooms: $2,450, 4-bedrooms: $1,550. The most common rental property sizes in Fort Morgan, CO are 2-bedroom and 3-bedroom, accounting for 46.2% and 32.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,600 |
| Studio Rent | $600 | $600 |
| 1 Bed Rent | $825 | $888 |
| 2 Bed Rent | $1,200 | $1,350 |
| 3 Bed Rent | $2,800 | $2,450 |
| 4 Bed Rent | $1,400 | $1,550 |
% of Rental Stock
Property Listings — Fort Morgan, CO
As of Oct '25, Realtor.com reports that the median days on market for a home in Fort Morgan, CO is 86. This is a increase of 68.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 13.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $392,000 | 9.0% |
Listing Count | 77 | 24.0% |
| Listings as % of Homes | 0.7% | 24.0% |
Days on Market | 86 | 68.0% |
Demographics — Fort Morgan, CO
As of the latest ACS Survey released in 2023, Fort Morgan, CO has a population of 16,800, which has increased by 6.3% over the past 5 years. Fort Morgan, CO is a popular place for families, as children make up 27.6% of the population. The area has a poorly educated workforce, with 18.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 16,800 | 6.3% |
% Under 18 | 27.6% | 4.9% |
% Seniors | 14.9% | 8.8% |
% WFH | 6.7% | 45.7% |
% w/ College Degree | 18.5% | 13.5% |
As of the latest ACS Survey released in 2023, Fort Morgan, CO is a predominantly white area, with 47.4% of the population identifying as white. The white population has shrunk by 7.2% in the last 5 years. The second most common race or ethnicity in Fort Morgan, CO is hispanic, making up 43.8% of the population. Foreign-born residents account for 15.6% of the population in Fort Morgan, CO, and this percentage has decreased by 6.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 47.4% | -7.2% |
% Black | 4.8% | -18.6% |
% Hispanic | 43.8% | 7.4% |
% Asian | 0.9% | -10.0% |
% Foreign Born | 15.6% | -6.0% |
Mortgage and Risk — Fort Morgan, CO
According to HUD data as of 2023, there were 225 mortgage originations in Fort Morgan, CO, of which 60.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 45.0% above 90% LTV (very high). This implies large mortgage risk in Fort Morgan, CO. Investor activity is low, as 3.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 225 |
% Conventional Loans | 60.0% |
% Government Loans | 40.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Fort Morgan, CO
As of 2024, the percent of homes in Fort Morgan, CO under the Section 8 program is 2.7%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Fort Morgan, CO, because HUD payments exceed market rent, while 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 150 |
Total Units Section 8 | 64 |
% Rentals under Section 8 | 2.7% |
% Occupied Section 8 | 61.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $835 | $825 | $1,660 |
| 2 Bedroom | $790 | $1,200 | $1,990 |
| 3 Bedroom | -$210 | $2,800 | $2,590 |
| 4 Bedroom | $1,510 | $1,400 | $2,910 |
Affordability — Fort Morgan, CO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.4 |
| Median Home Price | $321,000 |
| Median Household Income | $72,500 |