Morgan County, Colorado: commercial real estate data.
Morgan County, Colorado had an estimated 30,300 residents on July 1, 2024, up 4.1 percent since the 2020 census base of 29,112, across 1,280 square miles. 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 since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Morgan County
How many people live in Morgan County
- Population, American Community Survey 2020-202429,520
- 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-equivalents, Puerto Rico included1490th of 3,222
Morgan County is the 20th largest of 64 Colorado counties by population. A median home costs 4.6 times median household income, which is seriously unaffordable 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's population growing?
- Population, July 1, 202430,300
- Census 2020 base population29,112
- Population change since the 2020 census base4.08 percent
- Population change, 2023 to 2024494
- 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 of 3,144
The county has grown 4.08 percent since the 2020 census base. The population grew in 2024 from both sources: births exceeded deaths and more people moved in than left.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Morgan County
Where are people moving to Morgan County from?
- Tax returns filed by households arriving803
- People arriving, from those returns1,489
- Tax returns filed by households leaving789
- Net household movement14
- Adjusted gross income arriving$41.0 m
- Net adjusted gross income movement$1.3 m
- Average income of an arriving household$51,052
- Average income of a leaving household$50,328
- Largest single originWeld County (136 households)
- Largest single destinationWeld County (130 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Weld County | 136 | 257 | $8.2 m |
| Adams County | 108 | 220 | $6.3 m |
| Arapahoe County | 48 | 98 | $2.4 m |
| Jefferson County | 46 | 82 | $2.9 m |
| Denver County | 40 | 81 | $2.3 m |
| Larimer County | 34 | 69 | $1.7 m |
| Logan County | 30 | 64 | $1.0 m |
Households arriving report $724 more average income than households leaving, so the migration is raising local spending power rather than just moving it around. The largest single source of arrivals is Weld County, 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 is the Morgan County economy?
- 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 the Colorado areas BEA publishes21st of 64
- Rank by GDP among the US county areas BEA publishes1260th of 3,127
- 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
Employment by industry in Morgan County
- Covered employment, annual average13,106
- Establishments reporting880
- Average annual pay$56,874
- Average weekly wage$1,094
- Manufacturing, employment3,430
- Manufacturing, average annual pay$68,318
- Retail trade, employment1,328
- Retail trade, average annual pay$35,630
- Accommodation and food services, employment934
- Accommodation and food services, average annual pay$23,176
- Agriculture, forestry, fishing and hunting, employment866
- Agriculture, forestry, fishing and hunting, average annual pay$53,376
- Construction, employment733
- Transportation and warehousing, employment416
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Manufacturing | 3,430 | 36 | $68,318 |
| Retail trade | 1,328 | 92 | $35,630 |
| Accommodation and food services | 934 | 65 | $23,176 |
| Agriculture, forestry, fishing and hunting | 866 | 54 | $53,376 |
| Construction | 733 | 106 | $71,056 |
| Transportation and warehousing | 416 | 55 | $68,530 |
| Administrative and support and waste management services | 357 | 46 | $54,973 |
| Wholesale trade | 339 | 45 | $68,970 |
Manufacturing is the largest private sector at 3,430 jobs, 26.2 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Morgan County
How many businesses are 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. County Business Patterns counts private establishments with paid employees in March 2023, while the Quarterly Census of Employment and Wages above counts every unemployment-insured employer, public ones included, as a 2024 annual average, so the two establishment and employment counts differ.
US Census Bureau, County Business Patterns, 2023.
Morgan County
Building permits in Morgan County
- Housing units authorized by permit, 2024196
- Declared construction value permitted$39.6 m
- Single family units authorized45
- Multifamily units authorized151
- Multifamily share of units77.0 percent
- Average declared value per unit$201,884
- Units authorized per 1,000 households17.7
Multifamily is 77.0 percent of units authorized, so the pipeline is being built for renters rather than buyers.
US Census Bureau, Building Permits Survey, 2024 annual.
Morgan County
SBA loans in Morgan County (7(a) and 504)
- 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$1,423,000
- 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
- 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)
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$25.4 m
The average approval of $706,041 sits well above the median of $322,200, pulled up by a few larger deals, so the median is the better guide to what a typical borrower here 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
SBA loan default and charge-off rates in 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
Only 3 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
Compare against the national and state SBA charge-off rates, computed the same way over resolved loans only.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Morgan County
SBA lending by place in Morgan County
- Borrower cities with recorded lending4
- Fort Morgan, approvals15
- Wiggins, approvals7
- Brush, approvals4
- Hayward, approvals1
| Borrower city | 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 large 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.
Morgan County
Flood risk in Morgan County
- Participation of the county's own NFIP community Morgan County, unincorporated areasParticipating, community 080129
- Communities in the county in the NFIP Community Status Book5
- Of those, participating in the NFIP4
- NFIP participation rate80.0 percent
- Best Community Rating System class in the county A lower CRS class is a larger flood insurance premium discount.Class 9
- Communities carrying a CRS class1
- Radon levels in Morgan County, EPA zone predicted average indoor radon screening level greater than 4 pCi/LZone 1
The county's own community in the status book, unincorporated Morgan County (community 080129), participates in the National Flood Insurance Program and carries no Community Rating System class, so no CRS premium discount applies there. The EPA places Morgan County in radon zone 1, a predicted average indoor radon screening level greater than 4 pCi/L. The zone is a screening prediction for the county and does not substitute for a test at an address. The best Community Rating System class among the county's communities is 9, which carries a flood insurance premium discount for policies written in that community. 80.0 percent of the county's listed communities participate in the National Flood Insurance Program, per Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26. US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Coverage
What this page does not hold.
Traffic counts, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
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.
- Population, American Community Survey 2020-202429,520
- 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?
The Census Bureau estimates 30,300 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 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's population growing?
The population has grown 4.08 percent since the 2020 census base of 29,112, to 30,300 on July 1, 2024. 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 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 employment by industry in Morgan County?
Manufacturing is the largest private sector at 3,430 jobs, 26.2 percent of covered employment. Covered employment averages 13,106 jobs at an average annual pay of $56,874, or $1,094 a week. 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 totaling $19.1 m since FY2020, across 15 lenders, with a median approval of $322,200, plus 9 504 approvals worth $6.4 m since FY2010. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in Morgan County?
196 housing units were authorized 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 Weld County, with 136 households. Arriving households report an average income of $51,052 against $50,328 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?
No. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame, to be confirmed locally.
Morgan County
Cities and places in Morgan.
13 Census places lie wholly or partly in Morgan County. All 13 carry enough published place level data for a page of their own and are linked.
| Place | Type | Population | SBA 7(a) approvals, projects in this county | Lies in |
|---|---|---|---|---|
| Fort Morgan | city | 11,605 | 15 | Wholly in this county |
| Brush | city | 5,306 | 4 | Wholly in this county |
| Wiggins | town | 1,564 | 7 | Wholly in this county |
| Log Lane Village | town | 964 | None recorded | Wholly in this county |
| Hillrose | town | 285 | None recorded | Wholly in this county |
| Morgan Heights | CDP | 281 | None recorded | Wholly in this county |
| Jackson Lake | CDP | 238 | None recorded | Wholly in this county |
| Weldona | CDP | 106 | None recorded | Wholly in this county |
| Orchard | CDP | 88 | None recorded | Wholly in this county |
| Snyder | CDP | 51 | None recorded | Wholly in this county |
| Saddle Ridge | CDP | 27 | None recorded | Wholly in this county |
| Trail Side | CDP | 27 | None recorded | Wholly in this county |
| Blue Sky | CDP | 19 | None recorded | Wholly in this county |
A further 1 of the county's 27 SBA 7(a) approvals are to borrowers in cities that match no Census place in Morgan County, the largest being Hayward (1). Those are postal cities, unincorporated areas and cities outside the county, so no place row claims them; they are counted in the county total above.
Nearby