The Most Affordable Neighborhoods in Morgans Point, TX by Home Value

 

Morgans Point, TX Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Morgans Point area can be challenging. Home prices in Morgans Point are now at a median cost of $142,721, lower than the Texas average of $235,268.

The average cost of rent is $339/mo in Morgans Point, primarily driven by the current value of real estate in the Morgans Point area. While nearly 58.19% of residents own their homes outright in Morgans Point, 34.69% rent.

Housing affordability isn’t just about home prices, though. The average household income in Morgans Point is $6,073 per month. Households that rent pay about 5.58% of their income on rent here. Morgans Point's most expensive areas are in the southern regions, while the cheapest areas are in the central parts of the city.


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