Morgan County, Colorado: commercial real estate data.
Morgan County, Colorado has a population of 29,520 across 1,280 square miles, up 4.1 percent since the 2020 census base. County output reached $2.04 bn in 2024, 711 establishments operate here, and the SBA record carries 27 7(a) approvals worth $19.1 m.
119 sourced county values · tier FULL · 11 sections
Morgan County
How many people live in Morgan County
- Population29,520
- Households11,069
- Average household size2.67
- Median household income$73,278
- Median age37.5
- Median gross rent$1,025 per month
- Median owner-occupied home value$338,600
- Home value to household income4.6 times
- Annual rent as a share of median income16.8 percent
- Adults 25 and over with a bachelor degree or higher17.8 percent
- Adults 25 and over with a graduate degree6.4 percent
- Adults 25 and over19,651
- Population under 187,368
- Share under 1825.0 percent
- Population 65 and over4,736
- Share 65 and over16.0 percent
- Working age population, 18 to 6417,416
- Civilian labor force14,723
- Unemployment rate5.3 percent
- Labor force participation, adults 18 and over66.5 percent
- Rank by population among Colorado counties20th of 64
- Rank by population among US county-equivalents1490th
Morgan County is the 20th largest of 64 Colorado counties by population. A median home costs 4.6 times median household income, which is an affordable ownership market by national standards. Residents under 18 outnumber those 65 and over, at 25.0 percent against 16.0 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Morgan County
Is Morgan County growing
- Population change since the 2020 census base4.08 percent
- Census 2020 base population29,112
- Births, 2024418
- Deaths, 2024303
- Natural change, 2024115
- Net domestic migration, 2024-42
- Net international migration, 2024420
- Total net migration, 2024378
- Cumulative net domestic migration, 2021 to 2024-358
- Rank by growth among US county-equivalents674th
The county has grown 4.08 percent since the 2020 census base. Migration contributed more to 2024 change than births over deaths, so demand here follows people arriving rather than families forming.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Morgan County
Where people moving to Morgan County come from
- Tax returns filed by households arriving803
- People arriving, from those returns1,489
- Adjusted gross income arriving$41.0 m
- Net adjusted gross income movement$0
- Average income of an arriving household$51,052
- Largest single originMorgan County Non-migrants (10,846 households)
- Largest single destination (10,846 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Morgan County Non-migrants | 10,846 | 23,376 | $736.6 m |
| Other flows - Different State | 235 | 419 | $9.1 m |
| Weld County | 136 | 257 | $8.2 m |
| Other flows - Same State | 126 | 199 | $7.0 m |
| Adams County | 108 | 220 | $6.3 m |
| Other flows - South | 81 | 166 | $3.2 m |
| Other flows - Midwest | 77 | 116 | $2.7 m |
| Other flows - West | 77 | 137 | $3.3 m |
The largest single source of arrivals is Morgan County Non-migrants, which is the catchment a retail or multifamily study should look at first.
US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Morgan County
What the Morgan County economy runs on
- County GDP, 2024$2.04 bn
- County GDP, 2023$1.99 bn
- GDP change, 2023 to 20242.9 percent
- GDP change over five years31.9 percent
- Rank by GDP among Colorado counties21st
- Rank by GDP among US county-equivalents1260th
- GDP per resident$69,197
Output grew 2.9 percent in the latest year and 31.9 percent over five, which is the trend line a lender will read behind any single year figure.
US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024.
Morgan County
Who employs people in Morgan County
- Covered employment, annual average13,106
- Establishments reporting880
- Average annual pay$56,874
- Average weekly wage$1,094
- Sector 31-33, employment3,430
- Sector 31-33, average annual pay$68,318
- Sector 44-45, employment1,328
- Sector 44-45, average annual pay$35,630
- Sector 72, employment934
- Sector 72, average annual pay$23,176
- Sector 11, employment866
- Sector 11, average annual pay$53,376
- Sector 23, employment733
- Sector 48-49, employment416
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 31-33 | 3,430 | 36 | $68,318 |
| Sector 44-45 | 1,328 | 92 | $35,630 |
| Sector 72 | 934 | 65 | $23,176 |
| Sector 11 | 866 | 54 | $53,376 |
| Sector 23 | 733 | 106 | $71,056 |
| Sector 48-49 | 416 | 55 | $68,530 |
| Sector 56 | 357 | 46 | $54,973 |
| Sector 42 | 339 | 45 | $68,970 |
The largest sector is the biggest private employer group at 3,430 jobs, 26.2 percent of covered employment. Average pay per job sits below median household income, so households here typically need more than one earner.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Morgan County
What businesses operate in Morgan County
- Establishments, all industries711
- Employment at those establishments10,323
- Annual payroll$544.2 m
- Establishments per 1,000 residents24.1
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against.
US Census Bureau, County Business Patterns, 2023.
Morgan County
What is being built in Morgan County
- Housing units authorised by permit, 2024196
- Declared construction value permitted$39.6 m
- Single family units authorised45
- Multifamily units authorised151
- Multifamily share of units77.0 percent
- Average declared value per unit$201,884
- Units authorised per 1,000 households17.7
Multifamily is 77.0 percent of units authorised, so the pipeline is being built for renters rather than buyers.
US Census Bureau, Building Permits Survey, 2024 annual.
Morgan County
How much SBA lending happens in Morgan County
- 7(a) approvals recorded27
- 7(a) gross approval dollars$19.1 m
- Average 7(a) approval$706,041
- Median 7(a) approval$322,200
- 10th percentile approval$50,000
- 90th percentile approval$1,510,000
- Largest single approval$4,671,000
- Jobs reported supported, 7(a)277
- Jobs per approval10.3
- Distinct 7(a) lenders active15
- Distinct industries receiving approvals20
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer25.9 percent
- Loans on real estate terms7
- Loans on working capital terms, 120 months or shorter18
- Franchise loans4
- Franchise share of approvals14.8 percent
- Leading industry by approval countElectrical Contractors and Other Wiring Installation Contractors (3)
- Most active lenderFMS Bank (5)
- 504 approvals recorded9
- 504 gross approval dollars$6.4 m
- Average 504 approval$709,556
- Median 504 approval$218,000
- Distinct CDCs active3
- 504 jobs per approval11.9
- 504 jobs per million dollars approved16.8
- Most active CDCB:Side Capital (6)
- 7(a) share of SBA approvals75.0 percent
- Combined SBA approval dollars$25.4 m
The average approval of $706,041 sits well above the median of $322,200, so a small number of large deals is pulling the mean up. The median is the better guide to what a typical borrower here actually gets. Only 25.9 percent of approvals run on real estate terms, so SBA credit here is mostly working capital and equipment rather than property acquisition.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30. US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Morgan County
Do SBA loans in Morgan County get paid back
- Loans with a final outcome recorded3
- Paid in full3
- Charged off0
- Status: Exempt from disclosure21
- Status: Committed, not yet disbursed1
- Status: Paid in full3
- Status: Cancelled2
Too few loans have reached a final outcome to publish a charge off rate. only 3 resolved loans, too few to publish a rate. A rate computed on a handful of loans is noise, so none is shown.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Morgan County
Which parts of Morgan County get the lending
- Places in the county with recorded lending4
- FORT MORGAN, approvals15
- WIGGINS, approvals7
- BRUSH, approvals4
- HAYWARD, approvals1
| Place | Approvals | Gross approval dollars |
|---|---|---|
| FORT MORGAN | 15 | $7,104,200 |
| WIGGINS | 7 | $9,755,000 |
| BRUSH | 4 | $2,129,000 |
| HAYWARD | 1 | $74,900 |
FORT MORGAN accounts for 15 approvals against 7 in WIGGINS. County level figures average over that gap, which is why a site decision is made at the submarket rather than the county.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Morgan County
How big is Morgan County
- Land area1,280 sq mi
- Rank by land area among Colorado counties36th of 64
- Width, east to west36.2 mi
- Height, north to south36.1 mi
- Geographies sharing a boundary4
- Residents per square mile of land23
- Establishments per square mile0.56
US Census Bureau county boundary geometry, TIGER, adjacency computed from shared boundary vertices, TIGER county boundaries. US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year. US Census Bureau, County Business Patterns, 2023.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- No NFIP communities are listed for this county in the FEMA Community Status Book.
- Flood zone record counts are not held. The flood coverage export has not landed, so no count is shown rather than an estimated one.
- Traffic counts resolve in the platform, not in this dataset, so no AADT figure is printed here.
- Zoning is in build. Parcel level zoning is not published on this page.
Feasibility studies
When a Morgan County site needs a document a lender will accept.
The same data layer behind this page is the one the studies are written from. A study for a Morgan County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population29,520
- Households11,069
- Average household size2.67
- Median household income$73,278
- Median age37.5
Common questions
Morgan County questions, answered from the record.
How many people live in Morgan County, Colorado?
29,520, in 11,069 households, ranking 20th of 64 Colorado counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Morgan County growing?
The population has grown 4.08 percent since the 2020 census base. In 2024 there were 418 births against 303 deaths, with net migration of 378. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Morgan County?
$73,278. The median owner-occupied home is valued at $338,600, which is 4.6 times income, and median gross rent is $1,025 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Morgan County?
711 establishments, employing 10,323 people with an annual payroll of $544.2 m. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is the average wage in Morgan County?
Average annual pay is $56,874, or $1,094 a week, across 13,106 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Morgan County?
27 7(a) approvals totalling $19.1 m since FY2020, across 15 lenders, with a median approval of $322,200, plus 9 504 approvals worth $6.4 m. These are approvals recorded in the release, not loans disbursed.
What is being built in Morgan County?
196 housing units were authorised by permit in 2024, with a declared construction value of $39.6 m. Multifamily was 77.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Morgan County?
Zone 1, a predicted average indoor radon screening level greater than 4 pCi/L. Source: US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Where do people moving to Morgan County come from?
The largest single origin is Morgan County Non-migrants, with 10,846 households. Arriving households report an average income of $51,052 against null for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Morgan County on this page?
No. Annual average daily traffic resolves in the platform rather than in this dataset, so no AADT figure is printed here. It is a gap we know about rather than a figure we estimated.
Is zoning published for Morgan County?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame with confirm locally attached.