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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 $126,766, lower than the Arkansas average of $207,061.
The average cost of rent is $606/mo in Morganton, primarily driven by the current value of real estate in the Morganton area. In Morganton, 36.81% of households rent, and 71.81% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Morganton is $5,401 per month. Households that rent pay about 11.21% of their income on rent here. Morganton’s most expensive areas are in the southern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Bee Branch, AR: higher priced homes
- Southside, AR: less expensive homes
- Whipple, AR: less expensive homes
- Fairbanks, AR: higher priced homes
- Gravesville, AR: higher priced homes
- Damascus, AR: higher priced homes
- Formosa, AR: less expensive homes
- Clinton, AR: higher priced homes
- Culpeper, AR: equally priced 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: less expensive 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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