Morgan County Real Estate and Livability Trends
Morgan County, Utah's average taxable income per tax return jumped from $79,824.76 in 2013 to $138,770.45 in 2021, potentially drawing attention from investors and real estate professionals. Home values skyrocketed from $266,400 in 2015 to $556,900 in 2022, well above state and national averages. Interest in energy-efficient improvements is evident with energy tax credits peaking at $5,360.00 in... Read more
Morgan County Market Trends
Morgan County, Utah has experienced a dramatic rise in median home values from $266,400 in 2015 to $556,900 in 2022, outpacing both state and national growth. The average residential energy tax credits hint at increasing investments in energy-efficient home improvements, peaking at $5,360.00 in 2018 but remaining around $3,000.00 in recent years, implying a sustained interest in green... Read more
Median Value of Occupied Housing Units in Morgan County, Utah Over the Last 8 Years
Morgan County, Utah's median home value has seen robust growth over the past eight years, increasing from $266,400 in 2015 to $556,900 in 2022. This substantial rise outpaces both the Utah state median, which climbed from $215,900 to $408,500, and the national median, which moved from $125,500 to $179,400 during the same period. For investors and potential homeowners, this suggests Morgan County could offer significant appreciation opportunities, driven by its unique local factors compared to broader state and national trends.
Residential Energy Tax Credit Per Tax Return in Morgan County, UT Over the Last 9 Years
Morgan County, Utah has seen a notable rise in the average residential energy tax credit per tax return over the past nine years, peaking at $5,360.00 in 2018. Although there was a marked increase from 2013 to 2016, reaching $2,881.25, the figures have remained somewhat stable around the $3,000.00 range in recent years. This trend may suggest a growing interest and investment in energy-efficient improvements among residents, making it an attractive consideration for real estate investors and those in the housing market. For appraisers and insurance agents, this trend could signal higher property values and potentially lower insurance risks due to improved energy efficiency.
Average Real Estate Taxes Per Tax Return in Morgan County, UT Over the Last 10 Years
Over the past decade, Morgan County, Utah, has seen a notable rise in average real estate taxes per tax return, with figures escalating from approximately $2,161.66 in 2012 to about $4,640.87 in 2021. This nearly doubling trend may interest potential investors, real estate agents, and insurers, indicating possible increases in property values and market activity. Essentially, this upward tax trajectory suggests ongoing growth and development in the area, making it a potentially lucrative spot for those looking to invest or build property.
Percentage of Farm Returns in Morgan County, UT Over the Last 10 Years
Over the last decade, Morgan County, Utah, has seen its percentage of farm tax returns range between approximately 4.10% and 5.49%. Farm tax returns generally refer to the tax filings from agricultural activities, indicating the health and stability of the region's farming sector. This data may suggest a small but consistent portion of the county's economy is driven by agriculture, which might be appealing for those looking into agricultural investments or rural living. Notably, the farm tax returns percentage has slightly declined in recent years, potentially indicating shifts in local economic activities or demographic changes.
Number of Mortgages by Occupancy Type in Morgan County, UT Over the Last 5 Years in Morgan County
Morgan County, Utah shows varied mortgage trends over the past five years, with principal residences consistently dominating the market but experiencing fluctuations—peaking in 2020 at 1930 mortgages and then declining to 801 by 2022. Investment property mortgages, though much lower in number, show a gradual increase, which might indicate growing investor interest despite the predominant focus on primary homes. Second residences remain a small segment but steady. These shifts in occupancy type are key for investors and real estate agents to understand market dynamics, while appraisers and insurance agents might find the focus on principal residences crucial for adjusting service provisions and valuations accordingly.
Economic Outlook
Morgan County, Utah has witnessed a significant rise in average taxable income per tax return, climbing from $79,824.76 in 2013 to $138,770.45 by 2021. This suggests a growing economic environment, potentially making the county appealing for investors and real estate professionals. The average state and local income taxes also nearly tripled over the last decade, possibly indicating higher income levels and increased living costs. Additionally, the average total tax liability per tax return... Read more
Average Taxable Income per Tax Return in Morgan County, UT over the last 9 years
Morgan County, Utah has seen a notable upward trajectory in average taxable income per tax return over the past nine years. Starting at $79,824.76 in 2013, the average taxable income reached $138,770.45 by 2021, with significant increases especially from 2018 onwards. This suggests a burgeoning economic environment, making the county potentially attractive for investors and real estate agents looking for growing markets. The increasing incomes could be a positive indicator for those considering building property or moving to the area, as higher taxable income often aligns with improved local amenities and infrastructure.
Average State and Local Income Taxes Per Tax Return in Morgan County, UT Over the Last 10 Years
Morgan County, Utah has seen a steady increase in average state and local income taxes per tax return over the last decade. Starting at $5,410.05 in 2012, the amount has surged to $15,355.56 by 2021, nearly tripling in ten years. This rise could reflect higher incomes or a changing tax structure, suggesting notable economic growth and potentially a higher cost of living, which is crucial for investors and residents to consider.
Average Total Tax Liability Per Tax Return in Morgan County, UT Over the Last 10 Years
Over the past decade, Morgan County, Utah, has seen a notable increase in the average total tax liability per tax return. In 2012, the liability was $10,767.41, rising to $26,569.48 by 2021. This trend suggests a growing economic activity or higher taxable incomes in the area, potentially attracting investors and residents seeking robust financial opportunities. Real estate professionals, appraisers, and insurance agents should consider this financial uptick when evaluating property values and market potential in Morgan County.
Cost of Living in Morgan County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,974 | $1,472 | $1,759 | $1,620 | $1,972 |
| 1 adult 4 children | $1,974 | $1,202 | $1,339 | $1,620 | $2,135 |
| 2 adults 3 children | $1,974 | $1,202 | $1,529 | $1,620 | $1,713 |
| 1 adult 3 children | $1,974 | $982 | $1,109 | $1,620 | $1,855 |
| 2 adults 2 children | $1,436 | $984 | $1,300 | $1,410 | $1,271 |
| 1 adult 2 children | $1,436 | $735 | $880 | $1,410 | $1,360 |
| 2 adults 1 child | $1,436 | $778 | $1,070 | $728 | $1,100 |
| 1 adult 1 child | $1,436 | $502 | $650 | $728 | $1,040 |
| 2 adults | $1,175 | $625 | $841 | $0 | $863 |
| 1 adult | $1,077 | $341 | $420 | $0 | $783 |
Safety trends & Data
Property crime trends in Morgan County, Utah have shown fluctuations over the past five years, with no overwhelming trend in any particular type of crime. Larceny-theft peaked in 2021 with 5 reported cases, while burglary saw a high in 2019 at 3 incidents. Fraud offenses were sporadic but consistent in 2019 and 2022 with 2 cases each. Vandalism and forgery-related crimes were minor and infrequent. This relatively stable crime environment may appeal to potential investors and new residents... Read more
Property Crime Trends in Morgan County, UT Over the Last 5 Years
Property crime trends in Morgan County, Utah have seen fluctuating incidents over the past five years. Larceny-theft, consistently present each year, peaked in 2021 with 5 reported cases. Burglary showed minor volatility, with the highest point in 2019 at 3 incidents. Fraud offenses appeared sporadically but showed consistency in 2019 and 2022 with 2 cases each. Vandalism and forgery-related crimes were relatively minor, occurring infrequently. Overall, fluctuations indicate no overwhelming trend in any particular type of property crime, suggesting a relatively stable crime environment. This could appeal to potential investors and new residents looking for areas with manageable crime rates.
Demographics
Morgan County, Utah has a slightly higher male population compared to females. Educational attainment reflects a strong leaning towards high school graduates and those with some college education, with a notable proportion holding bachelor's and graduate degrees, indicating a relatively educated community. The age distribution is fairly young, with significant numbers in the under-10 and 10-to-14-year brackets, suggesting a family-oriented environment. Racially, the population is predominantly... Read more
Race Distribution in Morgan County, Utah (2022)
Educational Attainment in Morgan County, Utah (2022)
Age Distribution in Morgan County, Utah
Citizen Population in Morgan County, Utah (2022)
Political Trends & Data
Morgan County, Utah's real estate trends are potentially impacted by its political landscape, with about 78.4% of voters leaning Republican in the 2020 U.S. Presidential Election. This dominant conservatism might influence local policies and community preferences, perhaps affecting development styles and property values. Democratic support sits around 16.4%, and third-party influence is minimal, suggesting a fairly homogenous political climate which could further dictate the local housing... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Morgan County, Utah, the 2020 U.S. Presidential Election results suggest a predominant leaning towards the Republican Party, with nearly 78.4% of the vote. Meanwhile, the Democratic Party garnered approximately 16.4%, a significantly lower percentage. Libertarians and other parties received marginal support, hinting at a highly polarized political landscape where third-party influence appears minimal.
78.43% of voters voted for the Republican party in the 2020 Presidential Election
16.44% of voters voted for the Democrat party in the 2020 Presidential Election
2.42% of voters voted for the Livertarian party in the 2020 Presidential Election
0.20% of voters voted for the Green party in the 2020 Presidential Election
2.51% of voters voted for the Other party in the 2020 Presidential Election
School Data
Morgan County, Utah's student-to-teacher ratio has fluctuated from nearly 32 students per teacher in 2017 to around 20 in 2020, now stabilizing at about 24, well above the national average of 14. This trend could influence family decisions on moving to the area, impacting local real estate markets. Lower ratios generally mean a better learning environment, possibly making areas with smaller class sizes more attractive. Property valuations and community risk assessments by appraisers and... Read more
Student-to-teacher ratio in Morgan County, Utah over the last 6 years
Over the last six years, Morgan County, Utah has seen its student-to-teacher ratio fluctuate significantly, peaking at almost 32 students per teacher in 2017 before dipping to approximately 20 in 2020. The recent ratios hover around 24 students per teacher, which is substantially higher than the current national average of 14 students per teacher. Such patterns in occupancy could impact educational quality, influencing decisions for families considering moving to the area and affecting local real estate markets. Lower student-to-teacher ratios generally enhance learning environments, potentially making areas with smaller class sizes more appealing. These trends could also lead appraisers to adjust their property valuations based on the perceived quality of education available, while insurers might take note of these demographic shifts when assessing community risk. For prospective property developers and real estate agents, understanding this dynamic can guide marketing strategies and development plans, highlighting the importance of ongoing monitoring of educational metrics in the county.
