Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Morganton area can be challenging. Home prices in Morganton are now at a median cost of $99,076, lower than the Arkansas average of $160,541.
The average cost of rent is $559/mo in Morganton, primarily driven by the current value of real estate in the Morganton area. While nearly 58.02% of residents own their homes outright in Morganton, 35.00% rent.
Housing affordability isn’t just about home prices, though. The average household income in Morganton is $5,022 per month. Households that rent pay about 11.12% of their income on rent here. Morganton's most expensive areas are in the southeastern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Bee Branch, AR: higher priced homes
- Southside, AR: higher priced homes
- Whipple, AR: higher priced homes
- Fairbanks, AR: higher priced homes
- Gravesville, AR: higher priced homes
- Damascus, AR: higher priced homes
- Formosa, AR: equally priced homes
- Clinton, AR: higher priced homes
- Culpeper, AR: less expensive homes
- Quitman, AR: higher priced homes
Cities with Similar Populations
- Summit Corners, WI: higher priced homes
- Forest Springs, CA: higher priced homes
- Fort Barnwell, NC: higher priced homes
- Fossil, OR: higher priced homes
- Fostoria, IA: higher priced homes
- Fountain, IN: higher priced homes
- Four Towns, MI: higher priced homes
- Franklin, AL: less expensive homes
- Gibtown, TX: higher priced homes
- Goat Town, GA: higher priced homes
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