Morgan, UT—84050
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Morgan, UT
As of Oct '25, the median home price in Morgan, UT is $725,000, with a year-over-year change of 1.2%. This indicates that home prices in Morgan, UT are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $725,000 | 1.2% |
| Single Family | $726,000 | 1.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $545,000 | 0.6% |
4 Bed | $731,000 | -0.4% |
| 5 Bed | $923,000 | -0.3% |
% of Housing Stock
Rental Trends — Morgan, UT
As of July '25, Rentcast reports the average rent in Morgan, UT is $3,540, with a year-over-year rent change of 53.2%. Per bedroom, the median rent as of July '25 in Morgan, UT is 3-bedrooms: $2,480, 4-bedrooms: $9,800. The most common rental property sizes in Morgan, UT are 2-bedroom and 3-bedroom, accounting for 33.9% and 30.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,800 | $3,540 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $2,800 | $2,480 |
| 4 Bed Rent | $9,800 | $9,800 |
% of Rental Stock
Property Listings — Morgan, UT
As of Oct '25, Realtor.com reports that the median days on market for a home in Morgan, UT is 75. This is a increase of 13.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $900,000 | 11.0% |
Listing Count | 51 | -24.0% |
| Listings as % of Homes | 0.6% | -24.0% |
Days on Market | 75 | 13.0% |
Demographics — Morgan, UT
As of the latest ACS Survey released in 2023, Morgan, UT has a population of 12,200, which has increased by 8.6% over the past 5 years. Morgan, UT is a popular place for families, as children make up 33.5% of the population. The area has a moderately educated workforce, with 39.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 12,200 | 8.6% |
% Under 18 | 33.5% | -6.2% |
% Seniors | 12.4% | 10.7% |
% WFH | 12.5% | 204.9% |
% w/ College Degree | 39.3% | -0.3% |
As of the latest ACS Survey released in 2023, Morgan, UT is a predominantly white area, with 92.5% of the population identifying as white. The white population has shrunk by 2.6% in the last 5 years. The second most common race or ethnicity in Morgan, UT is hispanic, making up 3.0% of the population. Foreign-born residents account for 2.3% of the population in Morgan, UT, and this percentage has increased by 4.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 92.5% | -2.6% |
% Black | 0.2% | -71.4% |
% Hispanic | 3.0% | 7.1% |
% Asian | 0.3% | -70.0% |
% Foreign Born | 2.3% | 4.5% |
Mortgage and Risk — Morgan, UT
According to HUD data as of 2023, there were 350 mortgage originations in Morgan, UT, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 42.0%, with 11.0% above 90% LTV (elevated). This implies medium mortgage risk in Morgan, UT. Investor activity is low, as 2.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 350 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Morgan, UT
Morgan, UT lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | 0.3% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,270 |
| 2 Bedroom | N/A | N/A | $1,570 |
| 3 Bedroom | -$690 | $2,800 | $2,110 |
| 4 Bedroom | -$7,250 | $9,800 | $2,550 |
Affordability — Morgan, UT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.4 |
| Median Home Price | $725,000 |
| Median Household Income | $126,000 |