What is the median home value in Morgan Township, MO?
The median value of owner-occupied homes in Morgan Township, MO is $84,700 (±$9,397), as owners estimated it in the Census Bureau’s 2020–2024 American Community Survey.
In Morgan Township, the median home value went from $80,300 in 2015–2019 to $84,700 in 2020–2024 (+5.5%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median home value
- $84,700 (±$9,397)
- Owner-occupied homes
- 420 (±62)
- Most common range
- $50,000 to $99,999
Home values in Morgan Township
| Value | Morgan Township | Mercer County | Missouri | United States |
|---|---|---|---|---|
| Less than $50,000 | 21.0% (±7.5 points) | 18.4% | 6.8% | 5.3% |
| $50,000 to $99,999 | 42.9% (±9.3 points) | 30.0% | 9.1% | 6.1% |
| $100,000 to $149,999 | 21.9% (±7.5 points) | 17.2% | 11.3% | 6.8% |
| $150,000 to $199,999 | 6.2% (±4.3 points) | 6.7% | 14.4% | 9.0% |
| $200,000 to $299,999 | 2.6% (±2.6 points) | 7.1% | 24.1% | 17.8% |
| $300,000 to $499,999 | 2.9% (±2.4 points) | 12.9% | 23.6% | 26.9% |
| $500,000 to $999,999 | 0.0% (±8.0 points) | 5.4% | 9.1% | 20.9% |
| $1,000,000 or more | 2.6% (±2.8 points) | 2.3% | 1.6% | 7.1% |
The most common range is $50,000 to $99,999, 42.9% of owned homes.
Value is the owner’s own estimate of what the home and lot would sell for, not a sale price or an assessment.
Morgan Township against Mercer County, its state and the nation
| Morgan Township | Mercer County | Missouri | United States | |
|---|---|---|---|---|
| Median home value | $84,700 (±$9,397) | $104,900 (±$15,308) | $230,300 (±$880) | $332,700 |
| Owner-occupied homes | 420 (±62) | 1,055 (±67) | 1,708,413 (±9,125) | 84,210,142 |
In Morgan Township, the median home value is lower than in Mercer County ($104,900).
It is also lower than in Missouri ($230,300).
It is lower than the national figure ($332,700).
In Mercer County, Morgan Township ranks 7 of 10 places with a published estimate, from highest to lowest median home value.
Statewide, it ranks 895 of 1,128.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How home values in Morgan Township have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median home value | $80,300 (±$17,306) | $84,700 (±$9,397) | +5.5% | No measurable change after inflation |
| Median owner cost with a mortgage | $876 (±$143) | $888 (±$147) | +1.4% | No measurable change after inflation |
| Median real estate taxes | $741 (±$124) | $803 (±$153) | +8.4% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median home value in places near Morgan Township
| Place | Distance | Median home value | Compared with this place |
|---|---|---|---|
| Morgan Township | — | $84,700 (±$9,397) | — |
| Princeton | 2.8 mi | $78,000 (±$11,721) | Not measurably different |
| Mercer | 5.8 mi | $63,800 (±$10,172) | Lower |
| Marion Township (Mercer County) | 6.2 mi | $69,600 (±$34,378) | Not measurably different |
| Ravanna Township | 7.5 mi | $307,500 (±$263,449) | Not measurably different |
| Washington Township (Mercer County) | 8.5 mi | $225,000 (±$93,729) | Higher |
| Lindley Township | 8.7 mi | $268,200 (±$85,353) | Higher |
| Somerset Township | 9.6 mi | $335,000 (±$246,188) | Higher |
| Cainsville | 10 mi | $62,000 (±$17,376) | Lower |
Nearby places with a measurably lower figure: Mercer, MO ($63,800), Cainsville, MO ($62,000).
Nearby places with a measurably higher figure: Washington Township (Mercer County), MO ($225,000), Lindley Township, MO ($268,200), Somerset Township, MO ($335,000).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median home value across Mercer County, place by place
| Rank | Place | Median home value |
|---|---|---|
| 1 | Somerset Township | $335,000 (±$246,188) |
| 2 | Ravanna Township | $307,500 (±$263,449) |
| 3 | Lindley Township | $268,200 (±$85,353) |
| 4 | Washington Township (Mercer County) | $225,000 (±$93,729) |
| 5 | Madison Township (Mercer County) | $196,700 (±$171,148) |
| 6 | Medicine Township (Mercer County) | $94,200 (±$13,918) |
| 7 | Morgan Township | $84,700 (±$9,397) |
| 8 | Princeton | $78,000 (±$11,721) |
| 9 | Marion Township (Mercer County) | $69,600 (±$34,378) |
| 10 | Mercer | $63,800 (±$10,172) |
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Morgan Township
What is the average home value in Morgan Township, MO?
The Census Bureau publishes the median: $84,700 (±$9,397) for owner-occupied homes in Morgan Township (2020–2024 American Community Survey).
Have home values in Morgan Township gone up?
In Morgan Township, the median home value went from $80,300 in 2015–2019 to $84,700 in 2020–2024 (+5.5%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Is this what homes in Morgan Township sell for?
No: it is the value owners reported, which tends to lag the market; recent sale prices and an appraisal answer that question.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Morgan township, Mercer County, Missouri
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Morgan township, Mercer County, Missouri
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Morgan township, Mercer County, Missouri
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Morgan township, Mercer County, Missouri
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Morgan township, Mercer County, Missouri (county subdivision:49952, in state:29 county:129).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25077_001E, B25077_001M, B25088_002E, B25088_002M, B25103_001E, B25103_001M from the 2019 release.
The API needs a free key.
DP04_0089E, DP04_0089M, DP04_0046E, DP04_0046M, DP04_0081PE, DP04_0081PM, DP04_0082PE, DP04_0082PM, DP04_0083PE, DP04_0083PM, DP04_0084PE, DP04_0084PM, DP04_0085PE, DP04_0085PM, DP04_0086PE, DP04_0086PM, DP04_0087PE, DP04_0087PM, DP04_0088PE, DP04_0088PM
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Morgan Township at a glance
- Median rent in Morgan Township
- Renters and owners in Morgan Township
- Income and affordability in Morgan Township
- Homeowner costs in Morgan Township
- Property taxes in Morgan Township
- Types of homes in Morgan Township
- Bedrooms in Morgan Township
- Age of homes in Morgan Township
- Heating fuel in Morgan Township
- Commute and cars in Morgan Township
- Population growth in Morgan Township
- How long people stay in Morgan Township
- Missouri landlord and tenant rules
- Housing across Mercer County
- Missouri places ranked by median home value
- Housing data for every place in Missouri