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These days, finding an affordable place to live in the Morgan Hill area can be challenging. Home prices in Morgan Hill are now at a median cost of $1,279,734, higher than the California average of $812,006.
The average cost of rent is $2,798/mo in Morgan Hill, primarily driven by the current value of real estate in the Morgan Hill area. In Morgan Hill, 29.17% of households rent, and 28.28% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Morgan Hill is $14,481 per month. Households that rent pay about 19.32% of their income on rent here. Morgan Hill’s most expensive areas are in the northern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- San Martin, CA: higher priced homes
- Rucker, CA: higher priced homes
- Coyote, CA: higher priced homes
- Gilroy, CA: less expensive homes
- Los Gatos, CA: higher priced homes
- Soquel, CA: less expensive homes
- Campbell, CA: higher priced homes
- Monte Sereno, CA: higher priced homes
- Scotts Valley, CA: equally priced homes
- Lompico, CA: less expensive homes
Cities with Similar Populations
- Beaumont, CA: less expensive homes
- Kendale Lakes, FL: less expensive homes
- Spring Valley, NY: less expensive homes
- Dunwoody, GA: less expensive homes
- Davis, CA: less expensive homes
- Middleburg, FL: less expensive homes
- Cathedral City, CA: less expensive homes
- Canovanas, PR: less expensive homes
- Campbell, CA: higher priced homes
- Brookline, MA: equally priced homes
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