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Morgan County, AL

RANK #372 / 1001 NAT  ·  #17 / 27 AL  ·  POP 124,471

1YR FORECAST: +0.1%

5YR OUTLOOK: +30%

Morgan County's housing market is projected to grow +0.1% 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.

MARKET PROFILE
LEANS TOWARD

Affordable Slow Markets

Morgan County is one of 75 U.S. counties in this market profile — weaker than typical on the BoomTown Index. Within this cohort, its recent home-price change of +1.1% matches the profile's typical +0.8%.

See all 75 Affordable Slow Markets counties →

[02] Market Snapshot

Housing Ratio
7.7x

Overvalued relative to economy

Home Prices
+1.1%

Below national median

Climate & Terrain
1.1

Moderate climate & terrain

Price/Rent
16x

Above national median (15x)

Housing looks overvalued at 7.7x — home prices are high 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

Bars show trailing 12-month growth. The dashed Forecast bars are the model's next-12-month projection; the whisker marks the ±1% range (cooling–accelerating).

The Numbers

DEMOGRAPHICS
Population
124,471
+0.59% YoY
Median Household Income
$68,845
Median Home Value
$212,000
+1.09% 12mo
Median Rent
$864
Average Annual Pay
$62,499
+4.3% YoY
Employment
54,525
+3.6% YoY
Income-to-Home-Value
0.3247
More affordable than average
Migration Inflow
2.97%
of pop. from another state
Bachelor's Degree+
23.3%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$240,000
Days on Market
60
Slower market
Months of Supply
3.8
Balanced market
Sale-to-List Ratio
97.1%
Negotiation room for buyers
Sold Above List
13.3%
Listings w/ Price Drops
26.4%
Building Permits (2025)
400
Single-Family Permits
257

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

Population Growth +0.6% 48 percentile
Income Growth +6.2% 96 percentile
Vacancy Rate 0.8% 65 percentile
Home Price Change +1.1% 40 percentile
Rent Growth +3.4% 58 percentile
Price/Rent 16x 47 percentile

Bars show percentile rank among all 1001 counties.

[08] Frequently Asked Questions

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

With a Boom Town Index score of 63/100, Morgan County sits in the upper half of all 1001 ranked counties. Employment is expanding at +3.6%, and median household income stands at $68,845 — indicators that suggest solid fundamentals even if it's not among the fastest-growing counties in AL.

Is Morgan County affordable?

Housing in Morgan County is roughly in line with national affordability norms. The median home costs $212,000 and the income-to-home-value ratio sits at 0.32, with rents averaging $864/month. Not a bargain, but not a stretch for most local earners either.

Is Morgan County growing or shrinking?

Morgan County is growing on multiple fronts. Population is up +0.6% year-over-year while employers added jobs at a +3.6% clip. Home values shifted +1.1% in the past year.

Are people moving to Morgan County?

There's a moderate stream of newcomers. About 2.97% 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

Autauga County, AL 66 Montgomery County, AL 72 Mobile County, AL 72 Blount County, AL 54 Baldwin County, AL 52 Marshall County, AL 78 Blount County, TN 63 Floyd County, GA 63