Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Morgan area can be challenging. Home prices in Morgan are now at a median cost of $155,799, lower than the Missouri average of $194,908.
The average cost of rent is $610/mo in Morgan, primarily driven by the current value of real estate in the Morgan area. While nearly 44.34% of residents own their homes outright in Morgan, 18.84% rent.
Housing affordability isn’t just about home prices, though. The average household income in Morgan is $5,434 per month. Households that rent pay about 11.23% of their income on rent here. Morgan's most expensive areas are in the northern regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- Evergreen, MO: equally priced homes
- Grovespring, MO: less expensive homes
- Vance, MO: equally priced homes
- Russ, MO: less expensive homes
- Conway, MO: less expensive homes
- Rader, MO: equally priced homes
- Origanna, MO: less expensive homes
- Phillipsburg, MO: less expensive homes
- Agnes, MO: less expensive homes
- Niangua, MO: higher priced homes
Cities with Similar Populations
- Grand Valley, PA: less expensive homes
- Spring Glen, UT: higher priced homes
- Spragueville, IA: equally priced homes
- Spiritwood, ND: higher priced homes
- Sparta, MS: less expensive homes
- Spainville, VA: higher priced homes
- Slab City, WI: equally priced homes
- Harvard, ID: higher priced homes
- Granville, ND: less expensive homes
- Grand View, WI: higher priced homes
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