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Morgan

Morgan

Located in Orleans County

$399,428 Average Value
$307 Average Price per Sq Ft
6 Homes For Sale

Morgan provides lakefront living in Vermont’s Northeast Kingdom

Morgan is centered around Lake Seymour, in the heart of Vermont’s Northeast Kingdom, the scenic northeast region of the state. It’s also less than 15 miles from the Canadian border. The town may be deep in the Green Mountains, but the scenery and secluded outdoor space draw buyers from New England and Canada. “Lake Seymour is definitely the highlight of Morgan. It’s a beautiful, scenic setting,” says Realtor Nicholas Maclure with Century 21 Farm & Forest, who’s been selling in the Northeast Kingdom since 2000. Seasonal and full-time residents come here specifically for the abundant recreation, from boating and hiking in the summer to skiing in the winter. “You’re on the lake, in the heart of the Northeast Kingdom, close to Burke Mountain and Jay Peak. There are so many recreational opportunities,” Maclure says. “And you’re also not too far from supermarkets and pharmacies in Newport-Derby.”

Waterskiing on Lake Seymour and skiing at Burke Mountain

Lake Seymour is the second largest lake entirely within the state of Vermont. Boaters can access its waters from public boat ramps, and lakefront residents can launch from their own private docks. Those who aren’t waterskiing or wakeboarding can swim at a few public beaches around the shore. The surrounding mountains are full of forested hiking trails. In the fall, changing leaves transform these rolling hills into a golden expanse around the lake. Once the winter snow covers the mountains, it’s officially ski season at Northern Vermont’s famous slopes. Burke Mountain is 30 miles south, and Jay Peak is just over 30 miles west.

Lakefront cottages and forest cabins

Morgan doesn’t have different communities. Buyers just have to choose whether to live on or off the lake. “It’s a 50/50 mix of full-time and vacationers,” Maclure says. “Anything on the lakefront is usually a second home, and everything off the lake is more residential.” Morgan’s median home price is about $425,000, which is right in the middle of off-lake and lakefront homes. Homes in the wooded hills range from little 1-bedroom cabins for just over $100,000 to larger cabins and cottages that cost up to $425,000. Most lakefront cottages cost between $400,000 and $500,000, while multi-acre lakefront properties can reach over $1 million.

Quick eats at the Morgan Country Store and shopping in Newport-Derby

Except for a couple of lakeside lodges, the only place where commercial activity occurs is at the Morgan Country Store. The store does sell convenient items, but it’s also a café. Locals often stop by for a bite after lake days in the summer or skiing in the winter. People drive 10 miles northwest to the Newport-Derby area for groceries. Between the two towns, there’s a strip of supermarkets and stores like Walmart, Price Chopper and Shaw’s. Newport also has a few more restaurants and bars to visit. The closest medical facility, North Country Hospital, is in Newport as well.

Schools in Newport, 10 miles away

Morgan is part of the North Country Supervisory Union, a collection of schools in this northeast region of Vermont. Students typically begin at Derby Elementary, 12 miles north in Derby Line, rated a D-plus by Niche. They continue 10 miles northwest in Derby and Newport. North Country Union Junor High is in Derby and earns a C-plus. North Country Union Senior High is in Newport and gets a C-minus grade.

Travel from cities in Quebec and New England

Morgan is less than 15 miles from the Canadian border, making it reachable from larger cities in Quebec and New England. Montreal is 110 miles northwest, which is about a 2-hour drive. The drive to Boston is 210 miles south, about 3 1/2 hours. Montpelier, Vermont’s capital, is 75 miles southwest, and Burlington is just under 100 miles west. Burlington International Airport is the nearest place for commercial flights.

Ed Coombs
Written By
Ed Coombs

Interested in learning more about homes in this area? Reach out to Nicholas Maclure, an experienced agent in this area.

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Morgan Housing Trends

Housing Trends

Median List Price
$410,000
Median Sale Price
$445,000
Median Single Family Sale Price
$410,000
Median Change From 1st List Price
2%
Last 12 months Home Sales
12
Median Home Sale Price YoY Change
$31
Average Price Per Sq Ft
$307

Neighborhood Facts

Number of Homes for Sale
6
Months of Supply
6.00

Homes for Sale

Distribution of Home Values

Source: Public Records

Average Home Value



Source: Public Records

Property Mix - Square Feet

Morgan Has More Owners

Demographics

Total Population
577
Median Age
51
Population Density
1 person/acre
Population under 18
18.5%
Below the national average
23.8%
Population over 65
27.2%
Above the national average
19.1%

Finances

Median Household Income
$83,333
Above the national average
$71,702
Average Household Income
$112,197

Education and Workforce

High School Graduates
93.4%
College Graduates
27.4%
Below the national average
34.1%
Advanced Degrees
11.6%
% Population in Labor Force
58.9%
Below the national average
65.1%

Weather

Annual Precipitation
43''
Average Winter Low Temperature
3°F
Average Summer High Temperature
75°F
Annual Snowfall
75''
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Morgan