Morgan County, Missouri: commercial real estate data.
Morgan County, Missouri had an estimated 22,399 residents on July 1, 2024, up 6.6 percent since the 2020 census base of 21,007, across 598 square miles. County output reached $845.8 m in 2024, 545 establishments operate here, and the SBA record carries 21 7(a) approvals worth $25.9 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 2020-202421,717
- Households8,699
- Average household size2.50
- Median household income$53,412
- Median age45.4
- Median gross rent$721 per month
- Median owner-occupied home value$194,400
- Home value to household income3.6 times
- Annual rent as a share of median income16.2 percent
- Adults 25 and over with a bachelor degree or higher16.6 percent
- Adults 25 and over with a graduate degree5.6 percent
- Adults 25 and over15,294
- Population under 184,958
- Share under 1822.8 percent
- Population 65 and over5,211
- Share 65 and over24.0 percent
- Working age population, 18 to 6411,548
- Civilian labor force8,395
- Unemployment rate2.9 percent
- Labor force participation, adults 18 and over50.1 percent
- Rank by population among Missouri counties52nd of 115
- Rank by population among US county-equivalents, Puerto Rico included1785th of 3,222
Morgan County is the 52nd largest of 115 Missouri counties by population. A median home costs 3.6 times median household income, which is moderately unaffordable by national standards. Residents 65 and over outnumber those under 18, at 24.0 percent against 22.8 percent, which points demand at health care, services and single story product rather than schools.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Morgan County
Is Morgan County's population growing?
- Population, July 1, 202422,399
- Census 2020 base population21,007
- Population change since the 2020 census base6.63 percent
- Population change, 2023 to 2024436
- Births, 2024265
- Deaths, 2024288
- Natural change, 2024-23
- Net domestic migration, 2024461
- Net international migration, 2024-2
- Total net migration, 2024459
- Cumulative net domestic migration, 2021 to 20241,652
- Rank by growth among US county-equivalents337th of 3,144
The county has grown 6.63 percent since the 2020 census base. Deaths exceeded births in 2024 and the population still grew, so all of the growth came from people moving in. A market held up by migration is more sensitive to a change in relative cost than one growing from household formation.
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 arriving722
- People arriving, from those returns1,391
- Tax returns filed by households leaving631
- Net household movement91
- Adjusted gross income arriving$51.9 m
- Net adjusted gross income movement$12.9 m
- Average income of an arriving household$71,896
- Average income of a leaving household$61,826
- Largest single originCamden County (91 households)
- Largest single destinationCamden County (87 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Camden County | 91 | 168 | $4.5 m |
| Miller County | 67 | 140 | $2.6 m |
| Jackson County | 43 | 72 | $3.1 m |
| Pettis County | 31 | 64 | $1.4 m |
| Moniteau County | 26 | 61 | $1.4 m |
| Cole County | 25 | 39 | $1.3 m |
| Boone County | 23 | 44 | $999,000 |
| Johnson County | 21 | 35 | $2.2 m |
Households arriving report $10,070 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 Camden 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$845.8 m
- County GDP, 2023$786.7 m
- GDP change, 2023 to 20247.5 percent
- GDP change over five years59.4 percent
- Rank by GDP among the Missouri areas BEA publishes54th of 115
- Rank by GDP among the US county areas BEA publishes1989th of 3,127
- GDP per resident$38,947
Output grew 7.5 percent in the latest year and 59.4 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 average4,784
- Establishments reporting632
- Average annual pay$38,671
- Average weekly wage$744
- Retail trade, employment1,016
- Retail trade, average annual pay$31,554
- Accommodation and food services, employment692
- Accommodation and food services, average annual pay$22,914
- Manufacturing, employment449
- Manufacturing, average annual pay$48,758
- Construction, employment417
- Construction, average annual pay$52,950
- Administrative and support and waste management services, employment177
- Transportation and warehousing, employment160
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Retail trade | 1,016 | 85 | $31,554 |
| Accommodation and food services | 692 | 58 | $22,914 |
| Manufacturing | 449 | 36 | $48,758 |
| Construction | 417 | 108 | $52,950 |
| Administrative and support and waste management services | 177 | 32 | $39,613 |
| Transportation and warehousing | 160 | 23 | $51,152 |
| Other services, except public administration | 124 | 38 | $39,401 |
| Finance and insurance | 114 | 20 | $61,388 |
Retail trade is the largest private sector at 1,016 jobs, 21.2 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 industries545
- Employment at those establishments3,546
- Annual payroll$131.2 m
- Establishments per 1,000 residents25.1
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, 202422
- Declared construction value permitted$4.3 m
- Single family units authorized13
- Multifamily units authorized9
- Multifamily share of units40.9 percent
- Average declared value per unit$193,566
- Units authorized per 1,000 households2.5
Multifamily is 40.9 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 recorded21
- 7(a) gross approval dollars$25.9 m
- Average 7(a) approval$1,231,176
- Median 7(a) approval$808,000
- 10th percentile approval$106,300
- 90th percentile approval$2,995,000
- Largest single approval$3,096,300
- Jobs reported supported, 7(a)188
- Jobs per approval9.0
- Distinct 7(a) lenders active11
- Distinct industries receiving approvals11
- Median 7(a) term180 months
- Share of loans on real estate terms, 240 months or longer33.3 percent
- Loans on real estate terms7
- Loans on working capital terms, 120 months or shorter8
- Franchise loans2
- Franchise share of approvals9.5 percent
- Leading industry by approval countBroilers and Other Meat Type Chicken Production (5)
- Most active lenderLive Oak Banking Company (6)
- 504 approvals recorded4
- 504 gross approval dollars$1.4 m
- Average 504 approval$340,000
- Median 504 approval$342,500
- Distinct CDCs active2
- 504 jobs per approval23.8
- 504 jobs per million dollars approved69.9
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$27.2 m
The average approval of $1,231,176 sits well above the median of $808,000, pulled up by a few larger deals, so the median is the better guide to what a typical borrower here gets. 33.3 percent of approvals run on real estate terms of 240 months or more, so this is a market where SBA credit is buying buildings, not just funding operations.
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 recorded2
- Paid in full2
- Charged off0
- Status: Cancelled6
- Status: Exempt from disclosure9
- Status: Paid in full2
- Status: Committed, not yet disbursed4
Only 2 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 lending6
- Versailles, approvals10
- Stover, approvals4
- Gravois Mills, approvals4
- Smithton, approvals1
- Rocky Mount, approvals1
- Laurie, approvals1
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Versailles | 10 | $10,374,200 |
| Stover | 4 | $7,561,000 |
| Gravois Mills | 4 | $3,467,500 |
| Smithton | 1 | $3,000,000 |
| Rocky Mount | 1 | $1,192,000 |
| Laurie | 1 | $260,000 |
Versailles accounts for 10 approvals against 4 in Stover. 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 area598 sq mi
- Rank by land area among Missouri counties55th of 115
- Width, east to west24.5 mi
- Height, north to south34.8 mi
- Geographies sharing a boundary6
- Residents per square mile of land36
- Establishments per square mile0.91
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 290244
- Communities in the county in the NFIP Community Status Book7
- Of those, participating in the NFIP7
- NFIP participation rate100.0 percent
- Communities carrying a CRS class0
- Radon levels in Morgan County, EPA zone predicted average indoor radon screening level from 2 to 4 pCi/LZone 2
The county's own community in the status book, unincorporated Morgan County (community 290244), 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 2, a predicted average indoor radon screening level from 2 to 4 pCi/L. The zone is a screening prediction for the county and does not substitute for a test at an address. 100.0 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 2020-202421,717
- Households8,699
- Average household size2.50
- Median household income$53,412
- Median age45.4
Common questions
Morgan County questions, answered from the record.
How many people live in Morgan County, Missouri?
The Census Bureau estimates 22,399 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 21,717, in 8,699 households, ranking 52nd of 115 Missouri 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 6.63 percent since the 2020 census base of 21,007, to 22,399 on July 1, 2024. In 2024 there were 265 births against 288 deaths, with net migration of 459. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Morgan County?
$53,412. The median owner-occupied home is valued at $194,400, which is 3.6 times income, and median gross rent is $721 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Morgan County?
545 establishments, employing 3,546 people with an annual payroll of $131.2 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?
Retail trade is the largest private sector at 1,016 jobs, 21.2 percent of covered employment. Covered employment averages 4,784 jobs at an average annual pay of $38,671, or $744 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?
21 7(a) approvals totaling $25.9 m since FY2020, across 11 lenders, with a median approval of $808,000, plus 4 504 approvals worth $1.4 m since FY2010. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in Morgan County?
22 housing units were authorized by permit in 2024, with a declared construction value of $4.3 m. Multifamily was 40.9 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Morgan County?
Zone 2, a predicted average indoor radon screening level from 2 to 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 Camden County, with 91 households. Arriving households report an average income of $71,896 against $61,826 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.
7 Census places lie wholly or partly in Morgan County. All 7 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 |
|---|---|---|---|---|
| Versailles | city | 2,610 | 10 | Wholly in this county |
| Stover | city | 977 | 4 | Wholly in this county |
| Laurie | city | 965 | 1 | Wholly in this county |
| Sunrise Beach | village | 413 | None recorded | 4.9 percent here, 95.1 percent Camden County |
| Syracuse | city | 177 | None recorded | Wholly in this county |
| Barnett | city | 129 | None recorded | Wholly in this county |
| Gravois Mills | town | 116 | 4 | Wholly in this county |
A further 2 of the county's 21 SBA 7(a) approvals are to borrowers in cities that match no Census place in Morgan County, the largest being Smithton (1), Rocky Mount (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