What is the median rent in Morgan Township, MO?
The median gross rent in Morgan Township, MO is $566 (±$207) a month, according to the US Census Bureau’s 2020–2024 American Community Survey.
That is across 139 rented homes; gross rent is the contract rent plus the utilities and fuels a renter pays separately.
In Morgan Township, the median gross rent went from $528 in 2015–2019 to $566 in 2020–2024 (+7.2%).
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 gross rent
- $566 (±$207)
- Rented homes
- 139 (±44)
- $2,000 or more
- 0.0%
- Since 2015–2019
- +7.2%
How much rent costs in Morgan Township
| Monthly gross rent | Morgan Township | Mercer County | Missouri | United States |
|---|---|---|---|---|
| Less than $500 | 41.7% (±17.5 points) | 35.1% | 8.3% | 6.3% |
| $500 to $999 | 43.2% (±17.2 points) | 42.7% | 38.8% | 20.2% |
| $1,000 to $1,499 | 13.7% (±12.6 points) | 17.5% | 34.6% | 28.1% |
| $1,500 to $1,999 | 1.4% (±3.9 points) | 4.7% | 12.3% | 21.1% |
| $2,000 to $2,499 | 0.0% (±22.0 points) | 0.0% | 3.7% | 12.0% |
| $2,500 to $2,999 | 0.0% (±22.0 points) | 0.0% | 1.0% | 5.5% |
| $3,000 or more | 0.0% (±22.0 points) | 0.0% | 1.2% | 6.8% |
The most common range is $500 to $999, paid by 43.2% of renting households.
0.0% of rented homes in Morgan Township cost $2,000 or more a month.
Morgan Township against Mercer County, its state and the nation
| Morgan Township | Mercer County | Missouri | United States | |
|---|---|---|---|---|
| Median gross rent | $566 (±$207) | $590 (±$150) | $1,033 (±$6) | $1,413 |
| Rented homes paying rent | 139 (±44) | 211 (±56) | 752,105 (±5,422) | 42,849,984 |
In Morgan Township, median gross rent is not measurably different from Mercer County ($590).
It is also lower than in Missouri ($1,033).
It is lower than the national figure ($1,413).
In Mercer County, Morgan Township ranks 3 of 4 places with a published estimate, from highest to lowest median gross rent.
Statewide, it ranks 760 of 889.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How rent in Morgan Township has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median gross rent | $528 (±$82) | $566 (±$207) | +7.2% | No measurable change after inflation |
| Households that rent | 25.7% (±7.3 points) | 25.8% (±6.4 points) | +0.1 percentage points | Not a measurable change |
| Rental vacancy rate | 19.3% (±12.1 points) | 10.4% (±14.5 points) | −8.9 percentage points | Not a measurable change |
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 gross rent in places near Morgan Township
| Place | Distance | Median gross rent | Compared with this place |
|---|---|---|---|
| Morgan Township | — | $566 (±$207) | — |
| Princeton | 2.8 mi | $547 (±$211) | Not measurably different |
| Mercer | 5.8 mi | $570 (±$291) | Not measurably different |
| Marion Township (Mercer County) | 6.2 mi | $585 (±$186) | Not measurably different |
| Cainsville | 10 mi | $538 (±$208) | Not measurably different |
| Lineville | 11 mi | $519 (±$132) | Not measurably different |
| Madison Township (Harrison County) | 13 mi | $675 (±$327) | Not measurably different |
None of the nearby places differs measurably from this one on this figure.
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median gross rent across Mercer County, place by place
| Rank | Place | Median gross rent |
|---|---|---|
| 1 | Marion Township (Mercer County) | $585 (±$186) |
| 2 | Mercer | $570 (±$291) |
| 3 | Morgan Township | $566 (±$207) |
| 4 | Princeton | $547 (±$211) |
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 rent in Morgan Township, MO?
The Census Bureau publishes the median rather than the average: the median gross rent in Morgan Township is $566 (±$207) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.
How much has rent gone up in Morgan Township?
In Morgan Township, the median gross rent went from $528 in 2015–2019 to $566 in 2020–2024 (+7.2%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
How many rentals in Morgan Township cost more than $2,000 a month?
0.0% of rented homes in Morgan Township have a gross rent of $2,000 or more a month, and 41.7% cost less than $500.
Is rent in Morgan Township higher than in Mercer County?
In Morgan Township, median gross rent is not measurably different from Mercer County ($590).
It is also lower than in Missouri ($1,033).
It is lower than the national figure ($1,413).
Is this the rent for an apartment listed today?
No: these are rents households reported paying across 2020–2024, not asking rents for vacant homes, which usually run higher.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Morgan township, Mercer County, Missouri
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Morgan township, Mercer County, Missouri
- Selected Housing Characteristics (DP04), 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 B25064_001E, B25064_001M, DP04_0047PE, DP04_0047PM, DP04_0005E, DP04_0005M from the 2019 release.
The API needs a free key.
DP04_0134E, DP04_0134M, DP04_0126E, DP04_0126M, DP04_0127PE, DP04_0127PM, DP04_0128PE, DP04_0128PM, DP04_0129PE, DP04_0129PM, DP04_0130PE, DP04_0130PM, DP04_0131PE, DP04_0131PM, DP04_0132PE, DP04_0132PM, DP04_0133PE, DP04_0133PM
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
- Renters and owners in Morgan Township
- Income and affordability in Morgan Township
- Home values 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 rent
- Housing data for every place in Missouri