Morgan County, IL Average Home Price (2026)
The average home price in Morgan County, Illinois is about $137,500 (the 2026 median across 8 ZIP codes, at ~$95/sq ft) — 30% more affordable than the Illinois median and 52% more affordable than the typical U.S. home.
How Morgan County compares
Morgan County is relatively affordable for housing nationally: its typical home costs $137,500 against $197,000 for Illinois and $289,000 for the U.S. Within the county, ZIP-level values run from about $64,000 to $160,000.
| Area | Typical value | $ / sq ft |
|---|---|---|
| Morgan County | $137,500 | $95 |
| Illinois | $197,000 | $134 |
| United States | $289,000 | $193 |
Morgan County home prices by ZIP code
The 8 most valuable ZIP codes in Morgan County (of 8 with data):
| ZIP code | Typical value | $ / sq ft | vs county |
|---|---|---|---|
| 62601 Alexander | $160,000 | $84 | +16% |
| 62638 Franklin | $144,000 | $76 | +5% |
| 62650 Jacksonville | $143,000 | $96 | +4% |
| 62668 Murrayville | $142,000 | $129 | +3% |
| 62695 Woodson | $133,000 | $93 | -3% |
| 62631 Concord | $127,000 | $137 | -8% |
| 62692 Waverly | $117,000 | $85 | -15% |
| 62665 Meredosia | $64,000 | $105 | -53% |
Home value appreciation in Morgan County
Home prices in Morgan County have risen about 51% over the last 10 years (≈4.2% a year) and +66.1% over 20 years, according to the FHFA house price index through 2025. The most recent year came in at +7.7% — still rising. A home worth $137,500 today was worth roughly $91,120 ten years ago.
See where that trend takes a specific home with the home appreciation calculator — statewide, Illinois is +64.6% over the same 10 years. Past appreciation is a track record, not a forecast; local prices can fall.
Calculators for Morgan County
Run the numbers for Morgan County with the local rates already filled in — change any input to test your own situation.
Salary needed to buy a home in Morgan County
To buy the typical $137,500 home in Morgan County with 20% down, you need a household income of roughly $37,000 a year (about $870 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $44,000, because the loan is bigger and mortgage insurance kicks in.
| Down payment | Cash down | Monthly payment | Income needed |
|---|---|---|---|
| 5% (+PMI) | $6,900 | $1,080/mo | $46,000/yr |
| 10% (+PMI) | $13,800 | $1,040/mo | $44,000/yr |
| 20% | $27,500 | $870/mo | $37,000/yr |
Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.
What your budget buys in Morgan County
At about $95 per square foot, here is roughly how much home different budgets get you in Morgan County:
| Budget | Approx. size | What that looks like locally |
|---|---|---|
| $150k | 1580 sq ft | around the typical home here |
| $200k | 2110 sq ft | above the median — larger homes or the pricier ZIPs |
| $250k | 2630 sq ft | above the median — larger homes or the pricier ZIPs |
| $300k | 3160 sq ft | above the median — larger homes or the pricier ZIPs |
Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens filtered to Illinois.
Estimate a specific home in Morgan County
Enter your ZIP and size for an instant estimate tailored to your exact area:
Morgan County home prices: frequently asked
What is the average home price in Morgan County, IL? +
What salary do you need to buy a house in Morgan County? +
Which part of Morgan County is most expensive? +
Are home values in Morgan County going up? +
Browse all Illinois cities and counties, or look up price per square foot by ZIP code nationwide.
Directional estimates from public market data (Realtor.com & Zillow research; FHFA house price index; Census ZIP-to-county relationships), not appraisals.