Morgan Horse Cost and Pricing [2026]

The Morgan horse is America’s first breed—versatile, beautiful, and known for incredible temperament. But how much does a Morgan horse cost in 2026?

Quick Answer: Morgan Horse Prices

What Makes Morgans Special

The First American Breed

All Morgans trace back to one stallion—Figure (later renamed Justin Morgan)—born in 1789. This foundation gives Morgans remarkable consistency in type and temperament.

Physical Characteristics

• Size: 14.1-15.2 hands typically
• Build: Compact, muscular, refined
• Head: Expressive face, large eyes
• Neck: Arched, well-set
• Colors: Bay, black, chestnut most common

Temperament

• Intelligent and willing
• People-oriented
• Eager to please
• Good for beginners and experienced riders
• Known as “the horse that chooses you”

Versatility

Morgans excel in nearly every discipline:

• English pleasure and dressage
• Western pleasure
• Driving (single and team)
• Trail riding
• Eventing
• Competitive trail/endurance

Factors Affecting Price

1. Bloodlines

• Foundation bloodlines: Premium prices
• Show ring champions: Significantly higher
• Breeding farm reputation: Established farms command premiums

2. Training Level

• Untrained: $3,000 – $8,000
• Started under saddle: $6,000 – $15,000
• Well-trained: $10,000 – $25,000
• Show-ready: $20,000 – $75,000+

3. Show Record

• Regional champions add significant value
• Grand National winners command top dollar
• World Championship titles = premium

4. Discipline Specialty

Prices vary by intended use:

• Park horses: Highest prices (showing)
• Driving horses: Premium for trained carriage horses
• Western pleasure: Moderate range
• Trail horses: Most affordable

Morgan Prices by Purpose

Trail/Pleasure Riding

• Solid trail horse: $4,000 – $10,000
• Well-trained pleasure horse: $8,000 – $18,000

English Show Ring

• Local shows: $10,000 – $25,000
• Regional competition: $20,000 – $50,000
• National level: $40,000 – $150,000+

Western

• Western pleasure: $8,000 – $25,000
• Reining prospect: $10,000 – $30,000

Driving

• Green broke to drive: $8,000 – $15,000
• Experienced carriage horse: $15,000 – $40,000
• Elite combined driving: $30,000 – $100,000+

Breeding

• Broodmare: $5,000 – $30,000
• Stallion: $15,000 – $100,000+
• Foals: $3,000 – $15,000

Why Choose a Morgan?

Pros

• Exceptional temperament
• Incredible versatility
• Smaller size (easier to mount/handle)
• Hardy and easy keepers
• Long lifespan
• Strong breed community

Cons

• May be too small for very tall riders
• Can be “hot” if Saddlebred influence
• Less common than Quarter Horses

Where to Find Morgans

• American Morgan Horse Association: Breeder directory
• Morgan breed shows: Meet breeders and see horses
• Morgan-specific rescues: Adoption options
• Private breeders: Often best for quality

Ongoing Costs

Note: Morgans are typically easy keepers—efficient with feed.

The Bottom Line

Morgan horses range from $4,000 for trail horses to $100,000+ for elite show horses. For a quality, registered Morgan suitable for most purposes, expect $8,000-$20,000. Their incredible temperament, versatility, and beauty make them worth every penny. If you want a horse that will bond deeply with you and excel at almost anything, the Morgan is an excellent choice.

Sources: American Morgan Horse Association, Morgan Horse Magazine