Is Morgan County, IL good for real estate investing?

Morgan County has an investment score of 78/100, rated as "Strong Buy". The county ranks #13 nationally among 1000 counties analyzed.

What is the median home price in Morgan?

The median home price in Morgan County is $127,739. This ranks #32 in affordability among all US counties.

Can you cash flow on rental properties in Morgan?

Based on median values with 20% down at current rates, a typical rental in Morgan County would generate positive cash flow of $0/month. Individual property performance varies based on purchase price, rent, and operating expenses.

Morgan County

IllinoisPopulation: 32,882

/100

Strong Buy

#13 of 1,000 counties

#26 in Illinois (102 counties)

Market Snapshot

$127,739

Median Home Price

53% below national median

$7,645/mo

Est. Rent

Based on regional data

5.98%

Rent-to-Price Ratio

Estimated from price data

+$0

Est. Monthly Cash Flow

With 20% down at 6.9% rate

Price History

Trend based on YoY growth rate. Source: Zillow ZHVI/ZORI

Score Breakdown

Overall Investment Score

78/100

Cash Flow(30%)

0/100

Based on 0.00% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)

84/100

Based on 4.4% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)

50/100

Population data not available.

Affordability(20%)

99/100

Price-to-income ratio of 2.1x. Lower ratios indicate more affordable markets.

Scores are calculated using real Zillow home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. Markets with missing rent data use estimated values based on regional averages.

Investment Outlook

Strengths

+Affordable relative to local incomes

Challenges

-Negative leverage (cap rate 0.0% < mortgage rate 6.9%)
-Limited rent data (estimates used)

Economic Indicators

Population

32,882

Median Income

$61,188

vs $62,400 national est.

Unemployment Rate

—

Data pending

Price-to-Income

2.1x

Very affordable

Compare to Nearby Counties

County					Verdict
PeoriaIL	79	$154,382	$1,168	9.08%	Strong Buy	View
WhitesideIL	79	$138,768	Est. pending	—	Strong Buy	View
OgleIL	79	$218,190	Est. pending	—	Strong Buy	View
CurrentMorganIL	78	$127,739	Est. pending	—	Strong Buy
Saint ClairIL	77	$173,515	$1,220	8.44%	Strong Buy	View
Rock IslandIL	77	$151,597	$1,035	8.19%	Strong Buy	View

The Bottom Line

Strong BuyMorgan is a strong buy market with excellent fundamentals for buy-and-hold investors.

Morgan County in Illinois scores 78/100, ranking #13 of 1,000 US counties (top 1%).

Monthly Cash Flow

+$0/mo

Cap Rate

0.0%

Cash-on-Cash