Market Snapshot
Report generated March 2026
| Indicator | Value |
|---|---|
| Population | 13,758 ↓ 0.3% since 2020 |
| Median Household Income | $55,971 25% below national median |
| Median Home Value | $134,200 |
| Unemployment Rate | 3.0% |
| Median Age | 44.4 years |
| Housing Vacancy Rate | 23.0% |
| Total Land Sales (Past 12 Months) | 199 transactions |
| Active Listings | 106 properties |
| Avg Days on Market | 333 days |
Rural Land Sales (1+ Acres) (Feb 2026 – Mar 2026)
| Metric | Value |
|---|---|
| Median Price/Acre | $7,647 |
| Recent Sales | 189 transactions |
| Avg Days on Market | 333 days |
| Avg Parcel Size | 36.60 acres |
| Active Listings | 104 properties |
Recent Rural Land Sales
| Date | Acres | Price | $/Acre | Location |
|---|---|---|---|---|
| Mar 2026New | 70.69 | $330,000 | $4,668 | Deer Lodge |
| Feb 2026 | 4.56 | $24,900 | $5,461 | Wartburg |
| Feb 2026 | 15.80 | $150,000 | $9,494 | Deer Lodge |
| Feb 2026 | 15.80 | $150,000 | $9,494 | Deer Lodge |
| Feb 2026 | 4.56 | $24,900 | $5,461 | Wartburg |
| Feb 2026 | 33.48 | $273,000 | $8,154 | Deer Lodge |
| Feb 2026 | 374.38 | $1,050,000 | $2,805 | Robbins |
| Feb 2026 | 4.14 | $60,000 | $14,493 | Deer Lodge |
| Feb 2026 | 4.14 | $60,000 | $14,493 | Deer Lodge |
| Feb 2026 | 4.14 | $60,000 | $14,493 | Deer Lodge |
Suburban/Urban Land Sales (Under 1 Acre) (Oct 2025 – Feb 2026)
| Metric | Value |
|---|---|
| Median Lot Price | $19,000 |
| Recent Sales | 10 transactions |
| Avg Days on Market | 337 days |
| Avg Parcel Size | 0.60 acres |
| Active Listings | 2 properties |
Recent Suburban/Urban Land Sales
| Date | Acres | Price | Location |
|---|---|---|---|
| Feb 2026 | 0.76 | $5,500 | Deer Lodge |
| Dec 2025 | 0.90 | $410,000 | Wartburg |
| Oct 2025 | 0.72 | $20,000 | Oakdale |
County Profile
| Demographic | Value |
|---|---|
| Total Population (2023) | 21,193 |
| Population (2020) | 21,035 |
| Population Growth | 0.75% |
| Median Household Income | $57,408 |
| Median Home Value | $144,000 |
| Total Housing Units | 8,550 |
| Vacant Housing Units | 1,362 |
| Housing Vacancy Rate | 15.9% |
| Median Age | 42.5 |
| Bachelor's Degree or Higher | 1,301 (6.1%) |
| Unemployment Rate (BLS) | 3.6% |
Market Overview
Morgan County, Tennessee has a population of 21,193, which has grown 0.75% since 2020. The median household income is $57,408, below the national median of $74,580 by 23.0%. With a median home value of $144,000 and an unemployment rate of 3.6%, the local economy is moderate. The housing vacancy rate of 15.9% suggests soft market conditions. Morgan County remains a key area for land acquisition in Tennessee. Recent rural land sales show a median price of $7,647 per acre, with properties averaging 36.60 acres. There are currently 106 active land listings in the county.
Related Resources
Nearby County Reports
Frequently Asked Questions
What is the current population of Morgan County, Tennessee?
As of the 2023 American Community Survey, Morgan County has a population of 21,193. The county has grown 0.75% since the 2020 Census, indicating a growing community.
What is the median household income in Morgan County?
The median household income in Morgan County is $57,408, which is 23.0% below the national median of $74,580.
Is Morgan County growing or shrinking?
Morgan County is growing. The population has increased 0.75% since 2020.
What is the housing market like in Morgan County?
The median home value in Morgan County is $144,000. The housing vacancy rate is 15.9%, which suggests soft market conditions. The unemployment rate is 3.6%, indicating a moderate local economy. Recent rural land sales (1+ acres) show a median price of $7,647 per acre. Suburban/urban lots under 1 acre have a median lot price of $19,000.
Does Reelvest buy land in Morgan County, Tennessee?
Yes! Reelvest Properties buys vacant land throughout Tennessee, including Morgan County. We make cash offers within 24-48 hours, close in 14-30 days, and pay all closing costs. Get your free cash offer today.
Data Sources: Market data reflects recent vacant land transactions in the county. Demographic data from U.S. Census Bureau American Community Survey (2023), Bureau of Labor Statistics (2025). Updated monthly.