Morgan Horse Pricing and Cost [2026]

The Morgan is America’s first breed—versatile, beautiful, and with a personality that wins hearts. Known for their willingness, intelligence, and distinctive look, Morgans excel in nearly every discipline. But how much does a Morgan horse cost?

Quick Answer: Morgan Horse Prices

Type	Price Range
Rescue/Unregistered	$1,000 – $3,000
Trail/Pleasure Horse	$3,000 – $10,000
Youth/Family Horse	$5,000 – $15,000
Amateur Show Quality	$10,000 – $35,000
Open Show Quality	$25,000 – $75,000
Elite Show/Breeding	$50,000 – $150,000+

What Makes Morgans Special

Every Morgan traces back to one stallion—Figure (later named Justin Morgan), foaled around 1789. This heritage gives Morgans a remarkable combination:

Compact, powerful build
Distinctive head with expressive eyes
High head and tail carriage
Exceptional willingness and intelligence
Versatility across disciplines
People-oriented personality

Factors Affecting Morgan Prices

1. Bloodlines

Morgan breeding has different types:

Foundation/Traditional:

Closer to original Morgan type
Moderate prices, dedicated following
Often excellent all-around horses

Park/Show:

Higher action, refined appearance
Bred for show ring presence
Premium prices for top bloodlines

Sport Horse:

Bred for dressage, jumping, eventing
Growing market
Moderate to high prices

2. Training Level

Untrained youngster: $2,500 – $7,000
Green broke: $5,000 – $12,000
Well-trained pleasure horse: $8,000 – $20,000
Show-ready: $15,000 – $50,000+

3. Age

Foals: $2,000 – $10,000 (depends on breeding)
Young stock (1-3): $3,000 – $12,000
Prime age (4-15): Highest prices for trained horses
Senior (16+): Lower prices, often excellent horses

4. Color

Morgans come in many colors:

Bay, black, chestnut: Most common, standard pricing
Palomino: Higher demand, premium prices
Buckskin/dun: Popular, slight premium
Gray: Less common, moderate premium
Sabino/pinto patterns: Premium for flashy markings

Morgan Prices by Discipline

Saddle Seat/Park

Traditional Morgan show discipline:

Beginner suitable: $5,000 – $15,000
Amateur competitive: $15,000 – $40,000
Open competitive: $30,000 – $100,000+

Western

Trail horse: $3,000 – $10,000
Western pleasure: $7,500 – $25,000
Reining prospect: $5,000 – $20,000

English/Sport

Hunt seat: $5,000 – $20,000
Dressage prospect: $6,000 – $25,000
Jumping prospect: $5,000 – $18,000

Driving

Morgans are excellent driving horses:

Pleasure driving: $5,000 – $15,000
Combined driving: $10,000 – $30,000
Show driving: $15,000 – $50,000

Trail/Pleasure

Basic trail horse: $3,000 – $8,000
Experienced, calm: $6,000 – $12,000
Family/youth horse: $7,500 – $15,000

Why Morgans Are Good Value

Morgans often offer more horse for the money:

Longevity: Many Morgans work well into their 20s and 30s
Easy keepers: Efficient metabolism means lower feed costs
Versatility: One horse can do multiple disciplines
Trainability: Quick learners save training costs
Hardiness: Generally healthy breed with few issues

Ongoing Costs

Morgans are economical to maintain:

Expense	Monthly Cost	Notes
Board	$300 – $1,500	Standard rates
Feed	$100 – $250	Easy keepers—often need less
Farrier	$50 – $200	Typically good feet
Veterinary	$50 – $150	Generally healthy

Where to Buy a Morgan

AMHA Breeders

Pros: Registered horses, breed expertise, support
Cons: May have waitlists for desirable bloodlines

Morgan Breed Shows

Pros: See horses in action, wide selection
Cons: Show horses priced accordingly

Private Sales

Pros: Potential value, see horse at home
Cons: Quality varies

Rescues

Pros: Lower prices, rewarding
Cons: May need retraining

Tips for Buying a Morgan

Know your goals: Different types suit different disciplines
Research bloodlines: Important in the Morgan world
Get a pre-purchase exam: Standard for any purchase
Ride multiple times: See the horse in various situations
Verify registration: Check with American Morgan Horse Association
Consider Foundation Morgans: Great all-around horses, often good value

The Bottom Line

Morgan horses range from $3,000 for trail horses to $100,000+ for elite show prospects. For most buyers seeking a versatile partner, a well-trained Morgan suitable for multiple disciplines typically costs $5,000-$15,000. Their exceptional temperament, trainability, and longevity make them excellent value—many owners consider Morgans the best-kept secret in the horse world.

Sources: American Morgan Horse Association, Morgan Horse Magazine, EQUUS Magazine