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Affordable
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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 $231,235, lower than the Texas average of $322,096.
The average cost of rent is $1,135/mo in Morgan, primarily driven by the current value of real estate in the Morgan area. In Morgan, 12.99% of households rent, and 71.22% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Morgan is $5,354 per month. Households that rent pay about 21.20% of their income on rent here. Morgan’s most expensive areas are in the southern 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
- Lakewood Harbor, TX: less expensive homes
- Meridian, TX: less expensive homes
- Whitney, TX: less expensive homes
- Womack, TX: equally priced homes
- Laguna Park, TX: equally priced homes
- Walnut Springs, TX: less expensive homes
- Woodbury, TX: less expensive homes
- Peoria, TX: less expensive homes
- Smiths Bend, TX: equally priced homes
- Vaughan, TX: equally priced homes
Cities with Similar Populations
- Soulsbyville, CA: higher priced homes
- Fosters, MI: less expensive homes
- Goshen, AL: less expensive homes
- Greenbackville, VA: equally priced homes
- Honea, TX: higher priced homes
- Inwood, IA: higher priced homes
- Knik, AK: less expensive homes
- Kossuth, MS: less expensive homes
- Lilesville, NC: less expensive homes
- Lohman, MO: equally priced homes
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