Morgan County, CO

Home values #

Typical home $328,873 (Aug 2026), -0.1% over one year, +12.1% over five

• 75th pct · 749th of 3,063 US counties · median $234,566
• 37th pct · 39th of 62 Colorado counties · median $450,011

Zillow Home Value Index (ZHVI), typical value of homes in the 35th to 65th percentile, smoothed and seasonally adjusted; a model estimate of value, not a sale price. Data through Zillow Research.

Rents #

Typical rent $1,298/mo (Aug 2026), n/a over one year; price-to-rent 21.1

• 30th pct · 971st of 1,399 US counties · median $1,496
• 8th pct · 32nd of 35 Colorado counties · median $1,975

Zillow Observed Rent Index (ZORI), smoothed, all homes and multifamily; price-to-rent = typical home / (typical rent × 12).

What the typical home costs to carry #

Principal and interest of $1,800 a month on $328,873 at 7.28%, against an average weekly wage worth $4,827 a month: 37.3% of one job’s pay.

• payment = P·r / (1 − (1+r)^−n), P = $328,873 × 80% = $263,098, r = 7.28%/12 (Freddie Mac PMMS via FRED, 2026-10-01), n = 360 → $1,800/mo principal and interest
• wage share = payment / (avg weekly wage $1,114 × 52 / 12 = $4,827) = 37% of one average job's pay (BLS QCEW 2026 Q1, all covered jobs)
• years of wages = $328,873 / ($1,114 × 52) = 5.7
• price-to-rent = $328,873 / ($1,298 × 12) = 21.1

The wage is one covered job’s average, not a household’s income, so this is the share of a single paycheque and not a mortgage underwriting ratio.

Estimate. Principal and interest on the typical home with 20% down over 30 years at this week's Freddie Mac average rate; compared with the average weekly wage of all jobs covered by unemployment insurance in the area (BLS QCEW), which is pay per job, not household income.

Jobs & wages #

12,848 jobs at 922 employers (2026 Q1); -3.6% jobs and +1.9% average weekly wage over the year

• 61st pct · 1,253rd of 3,221 US counties · median 8,232
• 68th pct · 21st of 64 Colorado counties · median 4,853

BLS Quarterly Census of Employment and Wages, all ownerships, total covered employment in the quarter's third month; over-the-year changes as published. Suppressed cells stay blank.

Drought #

D1 moderate drought

Sites found: 5, searched within 0 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 0 km away are not.

US Drought Monitor current week; the highest class of any polygon containing the point.

Reservoirs #

No reservoir gauges within 150 km (or the camera is above the gauge altitude)

Sites found: 0, searched within 150 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 150 km away are not.

Σ(capacity × percent full) / Σ capacity over TWDB reservoirs within 150 km. Texas only; elsewhere USGS reservoir elevation/storage is listed without a capacity to normalise by.

Stream gauges #

10 gauges · 0 flooding · 0 with quality panels · 4 stale

Sites found: 10, searched within 75 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 75 km away are not.

USGS latest readings screened against EPA freshwater criteria (DO ≥ 5 mg/L, pH 6.5–9, conductance, turbidity, temperature); NWS flood categories where a NWPS gauge is co-located.

Groundwater #

15 wells in 0 named aquifers:

Sites found: 15, searched within 75 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 75 km away are not.

USGS latest daily water levels. A single latest reading says where the table is, not which way it is moving; select a well for its 365-day trace.

Water stress #

moderate (0.25)

Σ wᵢ·termᵢ / Σ wᵢ = 0.35×0.25 / 0.35

Banks & federal dollars #

$866.8 m in deposits at 11 offices of 8 banks (SOD June 2026); HHI 2,263, highly concentrated. $182.2 m federal obligations in FY2026 (direct payments $132.4 m, grants $35.4 m), $14,179 per covered job

Deposit concentration is 2,263 across 8 banks, which the 1995 Department of Justice bank merger screen calls highly concentrated.

HHI = Σ (share %)² over 8 banks with deposits in the county = 39.2² + 20.3² + 10.4² + … (5 more) = 2,263

FDIC Summary of Deposits: deposits at every insured office as of June 30, annual; HHI is the sum of squared county deposit shares (DOJ 1995 bank merger screen: 1000 / 1800). USAspending: obligations by place of performance for the latest complete federal fiscal year (Oct 1 to Sep 30), what agencies committed, not what they paid out; recipients are legal entities. Per-job divides obligations by BLS QCEW covered employment.

Federal obligations #

USAspending place-of-performance obligations for FY2026, by awarding agency.

That is $14,179 per covered job, against 12,848 jobs in the 2026 Q1 QCEW quarter.

per job = FY2026 obligations $182.2 m / 12,848 covered jobs (BLS QCEW 2026 Q1, all ownerships) = $14,179

USAspending obligations are recorded where the work is performed, so a prime award performed here is counted here even when the recipient is headquartered elsewhere. Recipients are legal entities, never people.

National context, not this county #

These are United States, single-gauge, single-state and port series. None of them is keyed to this county.

The indicator registry has no county-keyed series and no geographic selection: every entry is national, a named gauge, a single state or a port. They are here as the backdrop the county's own numbers move against, and they are never this county's readings.

What changed #

Morgan County, CO: 15 findings, 1 at an alert level, 6 at a watch level and 8 noted

1. alertMorgan County, CO's covered employment is -3.6% against a year earlier, an alert level here: covered employment at least 3 percent below the same quarter a year earlier (BLS QCEW over-the-year percent change, as published; convention chosen for this dashboard, not an official level). The previous published period is not in this table, so this is a standing level rather than a change.

   Period 2026 Q1.
   Show the arithmetic

   • test: jobs.yoy.emp = -3.6 <= -3

   BLS QCEW over-the-year percent change, as published; convention chosen for this dashboard, not an official level

2. watchMorgan County, CO's covered employment is -3.6% against a year earlier, a watch level here: covered employment below the same quarter a year earlier (BLS QCEW over-the-year percent change, as published; not an official level). The previous published period is not in this table, so this is a standing level rather than a change.

   Period 2026 Q1.
   Show the arithmetic

   • test: jobs.yoy.emp = -3.6 < 0

   BLS QCEW over-the-year percent change, as published; not an official level

3. watchMorgan County, CO's typical home value is -0.1% against a year earlier, a watch level here: typical home value below a year ago (arithmetic on Zillow ZHVI, county and metro files; not an official level). The previous published period is not in this table, so this is a standing level rather than a change.

   Period 2026-08.
   Show the arithmetic

   • test: home.yoyPct = -0.09319344959301513 < 0

   arithmetic on Zillow ZHVI, county and metro files; not an official level

4. watchMorgan County, CO's momentum index is -0.26, a watch level here: momentum index in the cooling band (the cooling band of the momentum index computed here, score at or below -0.25; convention chosen for this dashboard, not an official level). The previous published period is not in this table, so this is a standing level rather than a change.

   Period 2026-08.
   Show the arithmetic

   • test: momentum = -0.2630931021424986 <= -0.25
   • momentum = Σ wᵢ · clip(changeᵢ / scaleᵢ, −1, 1) / Σ wᵢ over the terms present; weights and scales: home value 1-yr change 0.3 (±10%), rent 1-yr change 0.15 (±10%), jobs over-the-year change 0.3 (±3%), avg weekly wage over-the-year change 0.25 (±6%)

   the cooling band of the momentum index computed here, score at or below -0.25; convention chosen for this dashboard, not an official level

5. watchMorgan County, CO's price-to-rent ratio of 21.1 scores 79 on the 0-to-100 scale across US counties but 38 across Colorado counties, a gap of 41 points.

   Period 2026-08.
   Show the arithmetic

   • 41 = |79 across US counties - 38 across Colorado counties|
   • typical home value / (typical rent × 12); Zillow ZHVI over ZORI, same month

   position among the entities that published this metric this period; not an official level

Read all 12 findings in the full brief

Every finding is produced by a fixed rule table and a fixed sentence for each rule. Nothing here is generated prose.