Fort Morgan, CO Housing Market
AI-powered market intelligence for the Fort Morgan, CO metro area.
PropertyIQ Scores
Fort Morgan, CO Market Analysis
Market Overview
Fort Morgan’s housing market is best described as moderate-to-soft, with a PropertyIQ Score of 35 out of 100. The score sits below the midpoint and reflects a cooler environment than many Colorado markets. The top score drivers include 12-month home value momentum of 4.04%, 3-month home value momentum of 0.31%, a median days on market of 64 days, and a 23.5% share of listings with a price cut. Those figures point to a market where annual price movement has not translated into strong near-term momentum, and where homes take about two months to sell.
Compared with state benchmarks, Fort Morgan is a more affordable but lower-income market. The median home value is $335,021, well below the Colorado state average of $538,932. The rent index is $1,361, compared with $1,693 statewide. Median household income is $75,407, below the state average of $92,470. The unemployment rate matches the state average at 3.9 percent.
Taken together, Fort Morgan’s 35/100 score, below-average prices and rents, and slower listing turnover suggest a market that favors patient buyers and realistic sellers rather than rapid appreciation. It is not a weak market in all respects, but the data does not support a high-growth profile.
Key Trends
One trend is cooling home value momentum. The 12-month home value momentum is 4.04%, but the 3-month figure drops to 0.31%, and the home value year-over-year metric is $1. These data points are measured differently, but the overall direction suggests that any longer-run price growth has slowed considerably in the most recent period.
A second trend is softer sales conditions. There are 129 homes for sale, and the median days on market is 64 days. Additionally, 23.5% of listings have had a price cut. This combination suggests that buyers have some selection and negotiation power, while sellers may need to adjust expectations to get deals done.
A third trend is relative affordability. The median home value of $335,021 is substantially lower than the state average of $538,932, and the rent index of $1,361 is likewise below the state average of $1,693. Household income is also lower at $75,407 versus $92,470, but the gap in home values is wider than the gap in incomes, suggesting that local housing costs may be more attainable relative to local earnings than in the state as a whole.
A fourth trend is labor market stability with a demographic data gap. The unemployment rate is 3.9 percent, identical to the state average, which may support steady local demand. However, population growth is listed as N/A, so the data does not provide a clear signal on longer-term demographic-driven demand.
Who Is This Market For
This market may appeal to first-time buyers and budget-conscious households. With a median home value of $335,021, Fort Morgan sits well below the statewide median of $538,932, and the rent index of $1,361 is lower than the state average of $1,693. The lower price points and local income levels make the area a relatively accessible entry point compared with pricier parts of Colorado.
Long-term rental investors may also see some appeal in Fort Morgan’s lower purchase prices and below-state rents, but the 35/100 PropertyIQ Score, 64-day median time on market, and 23.5% share of listings with a price cut suggest this is not a fast-turnover or rapid-appreciation environment. Move-up buyers may find opportunities because sellers are cutting prices, but they could face a slower sale on their existing home. Buyers looking for high momentum or quick equity gains are less likely to match this market’s current profile.
Outlook
The near-term outlook for Fort Morgan is subdued but stable. The 3-month home value momentum of 0.31% and the home value year-over-year metric of $1 suggest little immediate price pressure, even though the 12-month momentum of 4.04% shows some longer-run movement. With 129 homes for sale, a median of 64 days on market, and 23.5% of listings with a price cut, there is no clear signal of accelerating demand in the current data. The unemployment rate of 3.9 percent matches the state average and may continue to support steady activity, but population growth is not available, making it difficult to project demographic tailwinds. Unless inventory or price-cutting patterns shift, Fort Morgan is likely to remain a moderate, affordability-oriented market with flat-to-slow near-term price growth.
AI-generated analysis based on current market data. Last updated August 19, 2026.
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Fort Morgan, CO market data
Fort Morgan, CO Housing Market Overview
Fort Morgan, CO's median home value is $335K, up 4.0% over the past year. Homes here sell in a median 64 days. Its PropertyIQ Score of 35 sits below the state average of 50, marking a market positioned to lag its state over the next three years.
The Fort Morgan, CO metro area is one of 900+ US metropolitan markets that PropertyIQ scores each month. A single PropertyIQ Score blends Zillow price momentum with Realtor.com market-flow signals to estimate 3-year excess appreciation versus the market's state — showing not just where prices stand today, but how the market is positioned relative to its peers.
Mountain West markets combine outdoor lifestyle appeal with booming tech and remote-work migration. Cities across Colorado, Utah, Arizona, and Nevada have experienced some of the nation's fastest appreciation, though rising interest rates have introduced new dynamics to these previously red-hot markets. Within the Mountain West, Fort Morgan, CO's PropertyIQ Score of 35 runs below the Mountain West norm.
Colorado's housing market reflects the state's appeal to remote workers and outdoor enthusiasts. Denver's tech sector growth has pushed prices into new territory while mountain communities face their own supply challenges.
For the Fort Morgan, CO market, PropertyIQ calculates a single score each month from four inputs: twelve-month Zillow home-value momentum, three-month Zillow home-value momentum, median days on market from Realtor.com, and the Realtor.com price-reduced share. The score is computed nationally across all metros and calibrated so 50 equals the state average. Across the validation history, metro markets in the top score band have outperformed their state by roughly 1.7 percentage points more per year than bottom-band markets. Momentum here has been positive, with home values up 4.0% over the past year.
View Fort Morgan, CO's complete market profile including historical price trends, score history, and AI-generated analysis. Compare this market against any other US metro to find the best opportunities for your investment strategy.
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Market data through July 2026. Sourced from Zillow, Realtor.com, Redfin, U.S. Census Bureau, FRED, BLS, and BEA. Per-statistic source and date shown above.
Frequently Asked Questions
Is Fort Morgan, CO a good place to buy real estate in 2026?
PropertyIQ doesn't label markets simply good or bad. Instead, the PropertyIQ Score measures a market's demand momentum against its own state, where 50 marks the state average. Fort Morgan, CO currently scores 35, a weak-momentum reading that leaves it positioned to lag its state over the next three years. For buyers, cooling demand usually brings more inventory, longer sale times, and real leverage to negotiate on price. Backing that up, the median home value here is $335K, up 4.0% over the past year. So whether Fort Morgan, CO is right for you comes down to your goals: a rising-momentum market can favor long-term appreciation but offers less room to negotiate, while a cooling one hands buyers more leverage. Treat the score as a timing signal to weigh alongside your budget, holding period, and plans for the property, not a verdict on the market's quality.
What is the PropertyIQ Score for Fort Morgan, CO?
Fort Morgan, CO's PropertyIQ Score is 35, indicating weak momentum on a 1-to-99 scale. The score distills four transparent inputs into a single number: Zillow home-value momentum over the past 12 months, Zillow home-value momentum over the past 3 months, the median days homes spend on the market from Realtor.com, and the share of listings with a price cut, also from Realtor.com. Rising values and faster sales push the score up, while slow sales and frequent price cuts pull it down. The scale is calibrated so 50 equals the state average, meaning a score above 50 predicts the market will outperform its state over the next three years and a score below 50 predicts underperformance. PropertyIQ computes the score across every US market nationally, then recenters it against each state, so 35 places Fort Morgan, CO below its state benchmark.
Are home prices in Fort Morgan, CO rising or falling?
Home prices in Fort Morgan, CO are rising. Over the past year, the median home value increased 4.0%, reaching $335K. Over the latest three months, values moved up 0.3%, a sign near-term demand remains firm. PropertyIQ derives these figures from Zillow's home-value index, which tracks the typical value across the market rather than only the homes that happened to sell, giving a steadier read than a raw median sale price. Both the 12-month and 3-month momentum readings feed directly into the PropertyIQ Score, so this price trend is one of the core signals behind Fort Morgan, CO's current score. Keep in mind that appreciation can vary widely by neighborhood and price tier across the metro area, so treat these figures as the market-wide baseline rather than a guarantee for any single property.
How quickly do homes sell in Fort Morgan, CO?
In Fort Morgan, CO, homes sell in a median of 64 days from listing to pending sale, based on Realtor.com market data. Median days on market is one of the clearest real-time reads on local demand: when homes move quickly, buyers are competing and sellers hold the advantage, while lengthening timelines signal cooling interest and more room to negotiate. Alongside sale speed, about 23% of active listings here have taken at least one price cut — a complementary demand gauge, since a rising share of reductions often precedes slower sales and softer prices. Both median days on market and the price-cut share feed directly into the PropertyIQ Score, where faster sales and fewer cuts push the score higher. As a general guide, medians under about 30 days indicate a brisk, competitive market, while medians well beyond 60 days point to buyers regaining leverage. Actual time on market still varies by price band, property type, and season, so treat the median as a market-wide baseline.
How current is this metro area data?
This Fort Morgan, CO market data is refreshed on a monthly cycle, with the latest figures current through July 2026. PropertyIQ ingests fresh data every month from a range of authoritative sources: home values and rents from Zillow, days on market and price-cut activity from Realtor.com, additional housing signals from Redfin, demographic and housing-stock data from the U.S. Census Bureau, mortgage and macroeconomic series from FRED, and employment figures from the Bureau of Labor Statistics and the Bureau of Economic Analysis. The PropertyIQ Score itself is recomputed every month once the new source data lands, so the score and its four underlying inputs always reflect the most recent complete reporting period rather than a static snapshot. Because official housing data is typically released with a short lag, the current-through date usually trails the present by a few weeks, which is normal across the industry and not a sign the data is out of date.