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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 $220,419, lower than the Oregon average of $502,078.
The average cost of rent is $1,046/mo in Morgan, primarily driven by the current value of real estate in the Morgan area. In Morgan, 24.27% of households rent, and 59.29% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Morgan is $8,666 per month. Households that rent pay about 12.07% of their income on rent here. Morgan’s most expensive areas are in the northeastern 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
- Ione, OR: equally priced homes
- Cecil, OR: higher priced homes
- Olex, OR: higher priced homes
- Lexington, OR: higher priced homes
- Arlington, OR: higher priced homes
- Mikkalo, OR: less expensive homes
- Boardman, OR: higher priced homes
- Ruggs, OR: higher priced homes
- Heppner, OR: higher priced homes
- Goodnoe Hills, WA: higher priced homes
Cities with Similar Populations
- Shady Bend, KS: less expensive homes
- Los Luceros, NM: equally priced homes
- Loschs, PA: equally priced homes
- Luther, TX: higher priced homes
- Lynn, NC: higher priced homes
- Seebert, WV: less expensive homes
- Selman, OK: less expensive homes
- Seneca Rocks, WV: less expensive homes
- Seneca, SD: less expensive homes
- Seven Sisters, TX: less expensive homes
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