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Morgan County, AL

RANK #618 / 996  ·  POP 123,102  ·  AL

PROJECTED GROWTH: +0.3%

Morgan County shows below-average economic momentum. Growth signals are flat or softening.

[01] Why Morgan County?

Morgan County, Alabama, distinguishes itself with the Wheeler National Wildlife Refuge, a 35,000-acre preserve along the Tennessee River that draws thousands of sandhill cranes and endangered whooping cranes each winter, celebrated during the annual Festival of the Cranes. Located in north-central Alabama, the county seat, Decatur, sits about 30 minutes southwest of Huntsville and 90 minutes north of Birmingham, with direct access to Interstate 65. This central location allows for convenient commutes to larger cities. The community offers a blend of urban amenities in Decatur and Hartselle with the charm of smaller towns like Priceville and Somerville. The Tennessee River and Wheeler Lake provide extensive opportunities for fishing, boating, and other water activities, complemented by numerous parks and golf courses.

Life in Morgan County appeals to families and young professionals, with public schools generally performing above average. The economy is diversified, with manufacturing, retail, healthcare, and government sectors providing employment. Major employers include GE Appliances, Nucor Steel, and United Launch Alliance. Recent economic developments include new residential subdivisions in Decatur and a new Morgan County Event Center and agricultural center under construction. The area's transportation network, including the Tennessee River and proximity to I-65, supports its industrial base and access to markets.

[02] Market Snapshot

Housing Ratio
3.2x

Undervalued relative to economy

GDP Growth
+4.2%

Well above national median

Home Prices
+0.5%

Well below national median

Climate & Terrain
1.1

Moderate climate & terrain

Price/Rent
13x

Below national median (13x)

Housing looks undervalued at 3.2x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Morgan County U.S. National

The Numbers

DEMOGRAPHICS
Population
123,102
+0.4% YoY
Median Household Income
$61,588
Median Home Value
$174,800
+0.53% 12mo
Median Rent
$791
Average Annual Pay
$59,944
+2.7% YoY
Employment
52,617
+1.7% YoY
Income-to-Home-Value
0.3523
More affordable than average
Migration Inflow
2.6%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$243,000
Days on Market
88
Slower market
Months of Supply
4.5
Balanced market
Sale-to-List Ratio
97.1%
Negotiation room for buyers
Sold Above List
17.1%
Listings w/ Price Drops
22.7%
Building Permits (2024)
229
Single-Family Permits
229

Source: Redfin · Census BPS — Browse sales on Redfin →

[06] Score Breakdown

GDP Growth +4.2% 75 percentile
Population Growth +0.4% 47 percentile
Income Growth +9.7% 76 percentile
Vacancy Rate 1.0% 59 percentile
Home Price Change +0.5% 38 percentile
Rent Growth +2.6% 42 percentile
Price/Rent 13x 55 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Morgan County, AL a good place to move to?

Morgan County has a Boom Town Index score of 38/100, ranking #618 among 996 U.S. counties. With job growth at +1.7% and a median household income of $61,588, it faces some economic headwinds compared to faster-growing counties.

Is Morgan County affordable?

The median home value in Morgan County is $174,800 with median rent at $791/month. The income-to-home-value ratio is 0.3523, which is more affordable than the national average.

Is Morgan County growing or shrinking?

Population growth: +0.4% year-over-year. Job growth: +1.7%. Home values changed +0.5% in the past 12 months.

Are people moving to Morgan County?

Yes — 2.6% of Morgan County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

McMinn County, TN 48 Montgomery County, VA 48 Bullitt County, KY 48 Cumberland County, NC 48 Licking County, OH 48 Walker County, GA 48 Monroe County, IN 48 Darlington County, SC 48