Fort Morgan, CO 80701 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Fort Morgan, CO—80701

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$321,000

0.2% YoY Growth

Household Income

$72,500

37.7% YoY Growth

Days on Market

32.0% Longer YoY

Home Price Forecast

-0.4%

Median Rent

$1,400

3.6% YoY Growth

1-Bed Rent

$825

6.0% YoY Growth

2-Bed Rent

$1,200

8.8% YoY Growth

3-Bed Rent

$2,800

42.4% YoY Growth

Home Price Trends — Fort Morgan, CO

As of Dec '25, the median home price in Fort Morgan, CO is $321,000, with a year-over-year change of -0.2%. This indicates that home prices in Fort Morgan, CO are flat. According to Zillow, the 1-year price projection is -0.4%, 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	-0.2%
Single Family	$321,000	-0.6%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

0.3%

1 Bedroom

12.6%

2 Bedrooms

46.2%

3 Bedrooms

32.7%

4 Bedrooms

7.5%

5+ Bedrooms

0.7%

Property Listings — Fort Morgan, CO

As of Dec '25, Realtor.com reports that the median days on market for a home in Fort Morgan, CO is 60. This is a increase of 58.0% 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 15.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$385,000	10.0%
Listing Count	77	-2.0%
Listings as % of Homes	0.7%	-2.0%
Days on Market	68	32.0%

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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%

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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%

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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%

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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

Fort Morgan, CO—80701

Key Metrics at a Glance

Home Price Trends — Fort Morgan, CO

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Fort Morgan, CO

% of Rental Stock

Property Listings — Fort Morgan, CO

Demographics — Fort Morgan, CO

Race and Ethnicity

Mortgage and Risk — Fort Morgan, CO

Mortgages

Rentals and Section 8 — Fort Morgan, CO

Section 8 Market Size

Section 8 Opportunity

Affordability — Fort Morgan, CO

Home Price to Income Ratio

Fort Morgan, CO — ZIP Code Boundary Map

Nearby ZIP Codes

Log Lane Village, CO

Brush, CO

Wiggins, CO

Weldona, CO

Cooper, CO

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4.4
Median Home Price	$321,000
Median Household Income	$72,500

Fort Morgan, CO—80701

Key Metrics at a Glance

Home Price Trends — Fort Morgan, CO

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Fort Morgan, CO

% of Rental Stock

Property Listings — Fort Morgan, CO

Demographics — Fort Morgan, CO

Race and Ethnicity

Mortgage and Risk — Fort Morgan, CO

Mortgages

Rentals and Section 8 — Fort Morgan, CO

Section 8 Market Size

Section 8 Opportunity

Affordability — Fort Morgan, CO

Home Price to Income Ratio

Fort Morgan, CO — ZIP Code Boundary Map

Nearby ZIP Codes

Log Lane Village, CO

Brush, CO

Wiggins, CO

Weldona, CO

Cooper, CO

Frequently Asked Questions

What is the average home price in Fort Morgan, CO 80701?

How have home prices in Fort Morgan, CO 80701 changed over the past year?

What is the home price projection for Fort Morgan, CO 80701?

What are the demographics of Fort Morgan, CO 80701?

How long does it take homes to sell in Fort Morgan, CO 80701?

What is the average rent price in Fort Morgan, CO 80701?