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These days, finding an affordable place to live in the Morales area can be challenging. Home prices in Morales are now at a median cost of $259,047, lower than the Texas average of $322,096.
The average cost of rent is $1,041/mo in Morales, primarily driven by the current value of real estate in the Morales area. In Morales, 16.49% of households rent, and 75.24% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Morales is $6,760 per month. Households that rent pay about 15.40% of their income on rent here. Morales’s most expensive areas are in the central regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Ezzell, TX: equally priced homes
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Cities with Similar Populations
- Stanford, MT: equally priced homes
- Harpers Ferry, IA: equally priced homes
- Harrington, WA: equally priced homes
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- Houstonia, MO: less expensive homes
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- Johnsburg, NY: less expensive homes
- Slaterville Springs, NY: higher priced homes
- Spring Valley, KY: higher priced homes
- Springdale, UT: higher priced homes
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