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Morgan County, AL

Decatur

RANK #481 / 996 NAT  ·  #15 / 27 AL  ·  POP 123,102

1YR FORECAST: +0.6%

5YR OUTLOOK: +24%

Morgan County's housing market is projected to grow +0.6% over the next year, tracking near the national average.

[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] Top Employers

  1. 1
    GE Appliances, a Haier company Manufacturing
    1,000+
  2. 2
    Morgan County Schools Education
  3. 3
    Wayne-Sanderson Farms Prepared Foods Manufacturing
    500+
  4. 4
    3M Company Manufacturing
  5. 5
    Nucor Steel Decatur, LLC Manufacturing
  6. 6
    Wayne Farms Fresh Facility Manufacturing
  7. 7
    United Launch Alliance (ULA) Manufacturing
  8. 8
    Gemstone Foods, LLC Manufacturing
    250+
  9. 9
    IVXP (Indorama Ventures) Manufacturing
  10. 10
    Daikin America, Inc. Manufacturing

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[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
Bachelor's Degree+
23.8%
of residents (national avg: 33%)

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 →

[05] Crime & Safety

D
SAFETY
GRADE
Homicide Rate
10.9
per 100K · nat avg 6.3
Firearm Fatalities
24.6
per 100K · nat avg 14.8
Injury Deaths
97.6
per 100K · nat avg 76.3
vs National Average
Well above national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

B-
AIR QUALITY
GRADE
Median AQI (3yr)
45.7
Good
Good Air Days
62%
676 of 1,094 days
Unhealthy+ Days (3yr)
3
Sensitive groups affected
Primary Pollutant
PM2.5
Fine particulate matter
Yearly Trend
2021
47
2022
47
2023
43
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] 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.

[08] Frequently Asked Questions

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

Morgan County scores 51/100 on the Boom Town Index, landing in the middle of the pack among 996 U.S. counties (#481). Median household income is $61,588 and job growth is running at +1.7%. The data points to a county with mixed signals — some positive indicators alongside areas that lag faster-growing peers.

Is Morgan County affordable?

By national standards, Morgan County is quite affordable. Homes here have a median value of $174,800, and the income-to-home-value ratio of 0.35 is well above the U.S. average — especially with median rent at just $791/month. Residents can generally buy a home without being cost-burdened.

Is Morgan County growing or shrinking?

Employers in Morgan County are hiring — job growth of +1.7% — but the population is close to flat (+0.4% YoY). Home values moved +0.5% over the past year. Labor demand is outpacing local population growth, which tends to tighten wages and housing.

Are people moving to Morgan County?

There's a moderate stream of newcomers. About 2.6% of residents moved from another state, which is above average and suggests Morgan County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

[09] Similar Counties by Size & Score

Madison County, AL 50 Autauga County, AL 57 St. Clair County, AL 58 Montgomery County, AL 41 Mobile County, AL 38 Lauderdale County, AL 67 Androscoggin County, ME 51 Randall County, TX 51